Overview
- The leaked draft that surfaced on Monday, June 22, 2026, recommends raising the statutory retirement age to 67 by 2030 and then indexing future retirement ages to life expectancy, which the commission projects would reach about 70 by 2090.
- To raise revenue the report calls for a 2 percentage-point increase in the combined employer-and-employee pension contribution from the current level and estimates the rise would bring roughly €35 billion a year.
- The commission proposes replacing the blanket right to a full pension at 63 with tighter rules and introducing a partly funded component that would invest contributions to help cover future payouts.
- The draft would broaden who must pay into the system by phasing out most mini-jobs and making other previously exempt groups contribute, a move that unions immediately criticized after the leak.
- The document is an expert commission’s draft and has not been adopted by the government, so parliamentary debate and negotiations with unions and employers will determine if and how these measures are changed or implemented.