A German tabloid reported that Chancellor Friedrich Merz’s government plans to raise the retirement age from 67 to 70. The reported timeline would increase the age to 68 in the 2040s, 69 in the 2050s, and 70 in the 2060s. The report also claimed a 13-person committee would slightly reduce pension payment rates to keep the system sustainable. Germany’s long-stagnating birthrate has fueled debate over how to support older generations. Experts warned that without immigration, the pension system could collapse. Opposition parties, unions, and workers’ rights groups within the CDU criticized the alleged proposal. Merz’s office later dismissed the report as speculation, while the SPD declined to comment on unsubstantiated claims.
"Politicians have been reacting to a report from German tabloid Bild that the government of Chancellor Friedrich Merz is planning to raise the age of retirement from 67 to 70 years old. According to the report, the age will be raised to 68 in the 2040s, 69 in the 2050s, before finally reaching 70 in the 2060s. Bild wrote that the 13-person committee working on the reform proposals also wants to reduce the rate of pension payments slightly in order to keep the system sustainable."
"With a long-stagnating birthrate, supporting older generations has been a source of debate in Germany for decades. Experts have warned that without immigration, the pension system will collapse. The alleged proposal was heavily criticized by opposition parties, unions, and even the workers' rights arms of Merz's own center-right Christian Democrats (CDU)."
"However, later on Thursday, a spokesman for Merz's office dismissed the Bild report as speculation. Junior coalition partners the Social Democrats (SPD), who control the Labor Ministry, said they would decline to comment on unsubstantiated reports."
Read at www.dw.com
Unable to calculate read time
Collection
[
|
...
]