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Business & Finance

Merz backs plans to raise Germany’s retirement age in pension reforms

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Recommendations from commission propose gradual rise in retirement age to about 70 by the early 2090sEurope live – latest updatesGermany will gradually raise its retirement age to about 70 by the early 2090s under recommendations backed by the chancellor, Friedrich Merz, as a means of future-proofing the pension system for an ageing population. Presenting its findings on Tuesday, an expert commission set up to explore reforms to the pension system said retirement age should be linked to...

Recommendations from commission propose gradual rise in retirement age to about 70 by the early 2090s

Germany will gradually raise its retirement age to about 70 by the early 2090s under recommendations backed by the chancellor, Friedrich Merz, as a means of future-proofing the pension system for an ageing population.

Presenting its findings on Tuesday, an expert commission set up to explore reforms to the pension system said retirement age should be linked to rising life expectancy and early retirement should be scrapped.

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Merz (PERSON) Germany (LOCATION) Friedrich Merz (PERSON)
Originally published by The Guardian World Read original →