This factor is to reflect the future changes in the relationship from pensioners to contribution payers after the conceptions of the commission apart from the economic development also. The development of the pension level is thus adapted to the demographic development.

Crucial element of the lastingness factor is the pensioner quotient. It concerns - simplifies easily expressed - the portion of the pensioners based on the number of contribution payers. This rose because of the dismantling of jobs liable to social security and the demographically caused rise of the pensioners and continues to rise. A rising pensioner quotient however leads to pension lowerings. If still 532 pensioners came e.g. in the year 2003 on 1000 contribution payers, then were already in the year 2004 545. Those would lead in one year to a pension shortening of 2,44%. This effect is received however only to 25% into the adjustment forms for the current bond. The result shows the lastingness factor n height of 0,9939 clearly - for itself taken a pension shortening of 0,61%.

By the consideration of the lastingness factor with the annual computation of the current bond the net pension level will sink on a long-term basis around approximately 14 per cent. The rise of the pensions remains nevertheless also in the future coupled to the gross wage development of the employees. This affects itself however only if the increase of the gross wages overcompensates the negative effects. Because this was not the case, the pensions could not be increased in the years 2004 and 2005. Those is not to be expected also in the next years. Due to the easily decreasing currency stability (inflation rate) purchasing power losses of the pensioners and thus a material pension lowering result.

Lastingness factor (NHF) formally:

NHF= [(1 \ frac {RQ_ {T-1}} {RQ_ {t-2}}) \ \ alpha+1 cdot]

• with RQ_ {t}: Pensioner quotient (relationship from pensioners to contributory persons employed) in the year t;
• \ alpha: Weighting parameter

See also:

To the pension adjustment formula: Pension formula

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