Early retirement schemes and pension insurance in the metal and electro industry

Gesamtmetall, the employers' association for the metal and electrical industry - including mechanical engineering, electrical engineering, automobile manufacture, computers, and the aerospace industry - commissioned the Ifo Institute to conduct a survey on the implementation of existing arrangements on early retirement and company pension schemes as well as on the concepts and interests of the enterprises in the industry. The survey showed that enterprises of this industry have used previous and still-existing early retirement schemes to reduce or to rejuvenate their staff. The acceptance of the early retirement schemes is very high among both the enterprises and their employees.