Germany maps out pension reform to shore up aging system
TL;DR
Germany plans to overhaul its aging pension system, with a commission recommending raising the minimum retirement age from 63 to 64 and ending the 63-year early-retirement provision, while also raising the age for phased retirement from 55 to 58. The government says it will push the package through quickly, but unions oppose it and the coalition’s slim majority could complicate passage.
- Germany's leader pledges to reform a creaking pension system and says 'failure is not an option' AP News
- Germany's pension plans draw praise and outrage DW.com
- Merz backs plans to raise Germany’s retirement age to 70 in pension changes The Guardian
- Germany seeks to set up Swedish-style public pension fund Financial Times
- Merz Says He’ll Push Ahead With Plan to Raise German Pension Age Bloomberg
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