In 2008, it was resolved that a gen­er­a­tional mul­ti­pli­er would be intro­duced to meet the financ­ing require­ments aris­ing from the longevi­ty of the mem­bers. From 1 Jan­u­ary 2009, this was applied to the exist­ing total pen­sion enti­tle­ments of all mem­bers born after 1950. It amounts to 100% for those born in 1949 and decreas­es by 0.25 per­cent­age points for each sub­se­quent year. Demo­graph­ic change is there­fore fac­tored into the pen­sion cal­cu­la­tion and reduces pres­sure on the equi­ty and lia­bil­i­ties side of the bal­ance sheet. The gen­er­a­tional mul­ti­pli­er caus­es mem­bers’ pen­sion enti­tle­ments to decline mod­er­ate­ly depend­ing on their year of birth. For exam­ple, a month­ly pen­sion of EUR 2,000.00 decreas­es as follows: 

The idea behind intro­duc­ing the gen­er­a­tional mul­ti­pli­er was that the financ­ing require­ment aris­ing due to mem­bers’ longevi­ty should not just be financed from the income of com­ing years. That approach would dis­ad­van­tage old­er mem­bers. They would have to share the bur­den of the financ­ing require­ments under the pro­fes­sion’s 1997 mor­tal­i­ty tables and those from 2006, despite the fact that the bio­met­ric bur­den for the Ver­sorgungswerk stems from increased longevi­ty, par­tic­u­lar­ly of the younger mem­bers. It is thus nec­es­sary to pro­tect the old­er mem­bers and to dis­trib­ute some of the expense of financ­ing increased longevi­ty by means of the gen­er­a­tional mul­ti­pli­er based on year of birth. For young and future mem­bers, that means a mod­er­ate adjust­ment to the pen­sion entitlement.