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28m ago

German Labor Minister Backs Linking Retirement to Contribution Years

The idea moves into formal review by a new pensions commission scheduled to deliver proposals in 2026.

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Eine ältere Person mit Rollator steht an einer Straßenbahnhaltestelle und wartet auf die Straßenbahn. Die Spitzen von Union und SPD wollen heute Abend im Koalitionsausschusses unter anderem nach einer Lösung im Streit über das Rentenpaket suchen.
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Overview

  • Labor Minister Bärbel Bas called the approach "exciting and fair" on ARD, saying early contributors could retire sooner than those who start paying in later.
  • Bas outlined two options under consideration: setting thresholds by life expectancy or by a minimum span of paid contribution years.
  • Economist Jens Südekum, an adviser to Finance Minister Lars Klingbeil, is promoting the shift and rejects a universal raise to age 70.
  • The government plans to install a Rentenkommission before Christmas to assess reforms, with recommendations expected by mid-2026 and potential legislation to follow.
  • Current rules remain in force, with the statutory age rising to 67 by 2031 and an early-retirement route for those with 45 contribution years, as demographic pressures intensify.