On the subject of the catch-up factor in pensions, BDA Managing Director Steffen Kampeter responds to today's comments by ver.di Chairman Frank Werneke:

Berlin, 9 December 2021 "Verdi is engaged in scaremongering and gross misleading. The catch-up factor is a contribution to intergenerational justice. Those who reintroduce it make a contribution to the sustainable financing of pensions. Even the Federal Ministry of Labour assumes that the introduction of the catch-up factor will lead to a substantial increase in pensions. The traffic light coalition has the full support of the employers to reintroduce the catch-up factor quickly and comprehensively. It's quite remarkable that the unions are trying to tear up the coalition agreement one day after the start of this new traffic light coalition."