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Germany’s Pension Row Intensifies Over Plan to Tie Retirement to Years Worked

Ifo warns the newly passed package burdens the budget.

Overview

  • Labour Minister Bärbel Bas said on ARD she finds linking pension start to contribution years appealing, citing economist Jens Südekum’s proposal.
  • The Bundestag last week fixed the pension level and kept the sustainability factor suspended through 2031.
  • Ifo chief Clemens Fuest rejected the contribution-years approach and urged longer working lives through the sustainability factor and life‑expectancy indexing.
  • Ifo estimates the package adds about €16 billion in 2031, rising toward €20 billion thereafter, and says its preferred changes could cut pension spending by roughly one percentage point of GDP over time.
  • Economists and politicians including Martin Werding, Marcel Fratzscher and Linke MP Cornelia Gohlke warn of unfairness and potential labor shortages, with alternatives to be considered by a government commission planned for 2026.