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system whereby old people receive a

  • 1 Generationenvertrag

    m; nur Sg. system whereby the social security contributions made by people of working age pay the pensions of the elderly
    * * *
    Ge|ne|ra|ti|o|nen|ver|trag
    m (ECON)
    system whereby old people receive a pension from contributions being made by current working population
    * * *
    Ge·ne·ra·ti·o·nen·ver·trag
    m younger generation's commitment to provide for the older generation, i.e. in form of pensions
    * * *
    Generationenvertrag m; nur sg system whereby the social security contributions made by people of working age pay the pensions of the elderly

    Deutsch-Englisch Wörterbuch > Generationenvertrag

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