Silver Price in 8 months 140 Percent Increase

The current price of silver has risen in just a few months by about 140 percent. Industrial demand for silver has also increased and currently is also increasing demand from retail investors. The price of silver in May is still in a steep upward trend. As late as last year in August, an ounce of silver was rated on the stock for about $ 18. In mid-April this year the price rose to over 40 U.S. dollars, the highest value of the last 30 years. This represents an increase of about 140 hereby percent within eight months. Was exposed to short the silver rally just short of a correction in January when the price dropped to a short depth.

The precious metal silver, is a hot commodity in the industry because it conducts electricity well and is used for example in mobile phones, computers, flat screens, home appliances and solar cells. In the wake of the economic growth of industrialized countries, the demand increases disproportionately for these industrial uses.

20 Million Pensioners in the Public Pension

On 1 July 2010 have been paid under the statutory scheme nearly 25 million pensions to around 20 million pensioners. Compared to the previous year, an increase of almost 89 000 80 000 pensions or pensioners. This is according to the Pension Insurance Report 2011, which now as a notification by the Federal Government (17/7770) is present. This also shows that 77 percent of the pensions were paid as pensions, insurance (pensions and pensions for reduced earning capacity due to age, education without pensions). The increase in the retirement portfolio to 89 000 resulting from an increase in the pension insurance numbers by approximately 160,000 and a decrease of the survivor population of around 17,000.

On 1 July 2010, men on average 977 € receive pensions from statutory pension insurance. Women received an average of € 544 rent. The distinction between old and new states resulting in a rather small difference to the men of 1,012 € (East) to 968 € (West). For women, the differences are more pronounced. Sun East German pensioners received an average of € 701 and West German pensioners € 500 a month pension. This is justified, especially with the different employment histories of East and West. For example, women on average in the East almost 39 years have paid into the pension fund and women in the West only 27 years, it says in the briefing.

It is also well for modeling the speech, after which the contribution to the pension scheme may fall further in coming years, to 19 percent in 2014. Only in 2018 will again be expected to increase to 20 percent in 2021 and 20.9 percent in 2025. According to model calculations, the pension rise by the year 2025 by 35 percent. This represents an increase of almost two percent a year. The security level before taxes decreases accordingly from 50 to 46 percent in 2025. This decline makes it clear that the state pension is not sufficient in the future, the living standards of working life in the age to continue. The standard of living will be maintained only if the financial scope of the Retirement Income Act and the state funding will be used to build an additional precaution. Central pillar of the pension scheme will remain on the state pension, according to the briefing.

Low-benefit occupational pension barely In German

According to a recent representative survey by the Institute for Management and Economic Research (IMWF) use many low-income earners not the possibilities of occupational pension schemes. Although well every third German is convinced that the company pension plan is important, but not even half of the respondents have actually completed a contract. Is mainly from the low-made of the possibilities of occupational pension schemes use: Less than 5% of households with net incomes of less than 1,000 euros to use the company pension scheme.

This provides the company pension scheme (in short: occupational pension) several benefits: Contributions are deducted from salaries, some of them are free of tax and social security. For statutory pension insurance is that they can deduct up to 4% of the annual income threshold of € 67 200 (ie 2688 for 2012 euros) from their gross salary. Due to the so-called deferred compensation from the gross income from which contributions are paid, reduced the personal tax rate of the employee.

Even saving schemes can be used for the corporate pension, which means that it is also possible without their financial outlay. The occupational pension contributions are always protected - both before the insolvency of the employer and the employee prior to unemployment. Because of these advantages, the company pension scheme is well, or as some experts say, even just for low wage earners.

The survey, conducted on behalf of Hanover, a total of 1014 German were asked about their perception and use of company pension schemes.