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Generationenvertrag

social contract between generations

noun ge-ne-ra-TSYOH-nen-fer-trahk Rare
People & Society Community

Also means

intergenerational compact (especially pension)

Usage Note

Generationenvertrag is the principle underlying Germany's pay-as-you-go pension system: the working generation pays for the pensions of the retired generation, trusting that future workers will do the same for them. It is a central concept in public debate about demographic change.

Examples

"Der demografische Wandel stellt den Generationenvertrag vor große Herausforderungen."

Natural Translation

Demographic change poses major challenges for the intergenerational compact.

Literal Translation

The demographic change places the generation contract before great challenges.

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