Intergenerational justice dominates the discussion about public pension systems. Especially the implicit tax rate, the internal return, and the generational accounts as measures of intergenerational redistribution have brought the debate from the scientific community to the headlines of the political debate. Each of the three measures came to the result that there is too high of a burden for the younger generations as a result of the given demographic change. If intergenerational justice is understood as a equal treatment of different generations, an improvement of the relation between contributions and benefits for the younger generations becomes a necessary item of social policy. To achieve such a situation the introduction of a funded pillar into the public pension system is, according to most economists, the solution. The pension reform of the year 2000/01 in Germany took this into account. The effects of this reform on the relation between the contributions and benefits, and as a result on the intergenerational justice will be investigated in this paper.