"Luxembourg's pensioners should not live in poverty" - CSL
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CSL recalled the negative consequences of the 2012 reform, which has already reduced the standard of living of pensioners. For the average worker, this means a loss of up to 400,000 euros during retirement.
The organisation debunks the myth of "high" pensions in Luxembourg:
- Only 4.19 per cent of pensions exceed €6,000 per month.
- Only 0.14 per cent exceed €8,000.
- Almost 23 per cent of pensioners receive less than €2000 gross per month and the minimum pension of €2245 remains below the poverty threshold (€2452).
CSL emphasises that Luxembourg's €27 billion pension fund is in excellent condition. The organisation advocates increased contributions, especially from employers, whose mandatory pension contributions (13.1%) are among the lowest in Europe (24% EU average, 29.1% in Sweden).
CSL demands that retirees should be given a decent standard of living after a 40-year career. The organisation offers:
- Increase the pension contribution rate from 24% to 27%.
- Abolish the contribution ceiling for high incomes.
- Introduce a solidarity tax to keep incomes low.
- Reintegrate the wealth tax for individuals and companies.
This approach is intended to preserve the sustainability of the system and ensure social justice for future generations. However, some provisions go against the government's claims, such as the proposal to bring back taxation for the wealthy.
