pension plans of the grand coalition in 2018 referring to the demographic change : Grin Verlag : 9783668784017 : 3668784019 : 09 Oct 2018 : Seminar paper from the year 2018 in the subject Business economics - Investment and Finance, grade: 1,0, University of Applied Sciences Bielefeld, language: English, abstract: A rising life expectancy, the obsolescence of society and low birth rates - the current demographic change is a tremendous challenge for the German pension system. In its history, the German pension system has undergone several fundamental changes. Founded in 1899 as the first pension system worldwide, it continuously adapted to changing circumstances. In 2018, the commission "Verlässlicher Generationenvertrag" is founded by the Great Coalition. Secretary of Labor, Hubertus Heil, chairs this commission. In cooperation with the Federation of Trade Unions, employers' associations and the Max Planck Institute, the commission works out a plan to ensure the continuation of the cur