“We have to prevent what Labor Minister Heil wants’: Economists are storming against traffic light pension plans. Labor Minister Hubertus Heil absolutely does not want to raise the retirement age.
Leading economists consider this to be a serious mistake. The statutory retirement age will gradually increase to 67 by 2031. Anyone who wants to retire without deductions in 2024 must be 66 years old. Ifo Institute also supports linking retirement age to increasing life expectancy. In the Netherlands, for example, the rule applies: If people live three years longer, they have to work two years longer and get a year longer pension.