1. Munich Economic Summit May 20th 2011 quo vadis social security ?

2. 2 Need for action – Demographic trend Ratio of population aged 20-64 to population aged 65+    Persons of working age Persons of retirement age 1960 2010 2040 Source: Federal Statistical Office

3. The German pension system ‒ 3 pillars  1. Statutory pension insurance  2. Occupational pension schemes  3. Private pension plans

4. 4 Stabilisation in pension financing Growth in the contribution rate for statutory pension insurance, in percent Model calculation from 1987 German government’s current model calculation 22 % 36 %

5. 5 Source: Federal Employment Agency, based on IAB calculations (Assumptions: constant labour force participation and zero net migration) - 6.5 mln Trend in the potential labour force Potential labour force in millions of persons

6. 6 Source: Eurostat Target EU 2020 Increasing percentage of working women Employment rates among women aged 20- 64, in percent, Germany

7. 7 Part-time workers – International comparison Normal weekly working time of female part- time workers, 2009, in hours Sources: Federal Employment Agency, Eurostat EU-15: 20.1

8. 8 Employment rates among older people Share of gainfully employed persons among all 55-to-64 year olds, 2010, in percent Source: Eurostat EU-15: 48.4

9. 9 Trend in the school drop-out rate School drop-out rate, in percent Source: Standing Conference of the Ministers of Education and Cultural Affairs of the Länder in the Federal Republic of Germany

10. skilled migrants