Germany to Raise Retirement Age to 70

Germany’s retirement age will gradually increase from the current 67 to 70, according to Jens Spahn, leader of the CDU/CSU parliamentary group.

Speaking on the ARD public broadcaster, Jens Spahn explained that as life expectancy rises, people will need to work longer to maintain the sustainability of the pension system without overburdening future generations.

He noted that the increase will happen gradually over the next 30 years, initially year by year and then month by month. While specific political discussions are not yet planned, Spahn stressed that the public must be informed about the long-term sustainability challenges of the system.

The proposal follows recommendations from a council of economic experts to link the retirement age to life expectancy and reintroduce sustainability factors into pensions.

Since 2012, Germany has been gradually increasing the retirement age from 65 to 67, to be fully implemented by 2031. Early retirement remains possible with reduced benefits, and special provisions apply to long-term insured workers and people with disabilities.

Have a news tip or story to share? Email us at info@connectingregion.com

KONTEH Marks 20 Years Connecting Students and Tech Industry 

One of Serbia’s most prominent student technology events returns this March, celebrating two decades of linking academia with the...

Artificial Intelligence Set to Reshape Job Market in Serbia

The rapid development of artificial intelligence is expected to significantly reshape the labour market, with experts warning that certain...

Over 230,000 Electronic Certificates Issued Since e-Bolovanje Launch

Since the introduction of the e-Bolovanje system, more than 230,000 electronic sick leave certificates have been issued in Serbia,...

Leadership Transition at Rimac Technology 

Rimac Technology, the internationally recognised Tier 1 automotive supplier, has announced key leadership changes designed to steer the company...

Bosnia and Herzegovina Advances Armed Forces Modernization

The Council of Ministers of Bosnia and Herzegovina has approved several multi-year modernization projects for the Armed Forces, including...
spot_img

Connecting the Adria Region Decision Makers

The Region is more than a publication - it's where the region's elite converge for insights and opportunities