Insolvency to save banks (Part 3)

Get rid of the pension guarantee!
Last year, the wages and salaries of workers were in decline due to the economic crisis. Consequently, should have this year also reduced pensions. However, the pension guarantee prevented it. In principle, an increase in wages, pensions rise in the following year according to the pension formula. Decrease wages, pensions fall. Nevertheless, the introduction of the pension guarantee levers from this principle. The second case cannot occur. For the first time, this year the pensions were in fact declining, because short-time working and job losses have led to falling wages last year. This warranty costs the employee about 5.1 billion euros by 2017. The scope for temporary fee reductions is gone. The load is distributed on the shoulders of contributors. The concept of solidarity is defaced by the pension guarantee and levered equity between generations.