“Abolish the pension at 63!”: economist makes demands clear. “Pension at 63’s” discount-free old-age pension for those who have been insured for a particularly long time (45 years of insurance) is colloquially called “pension at63” The start of the pension depends not only on the period of insurance, but also on the year of birth.

This meant that everyone born before 1953 could retire at the age of 63 without any reductions. But this no longer applies to all people born between 1953 and 1963.