The traffic light coalition had forecast a pension increase of 3.5 percent. From July 1, 2024, pensioners will receive 4.57 percent more pension.
In addition, the pension increase in summer 2024 will be above inflation for the first time in two years. The pension adjustment will be carried out uniformly across the country, after the pension value in the East had already reached the West value last year. But there is also a lot of criticism of the planned pension plus. It is “above four percent for the third year in a row.’ It will be 'uniform' and 'above inflation' as well as 'inflation-adjusted.' It was announced at the end of March that the increase would be 4.7 percent, but this is significantly higher than originally expected. The increase will take place from July 1 to July 31, 2024. It has been announced that the pension plus will not be 'uniformly' or 'inflation adjusted.' There has been increasing criticism of the high social spending in recent weeks. FDP leader and Finance Minister Christian Lindner called for social spending to be frozen in the next few years. Chancellor Olaf Scholz (SPD) strictly rejects this proposal. "I can allay your fear that the Chancellor has such plans," said the SPD politician in response to a question. "But in my view it would be wrong to finance this through cuts, for example, in pensions or elsewhere. I would be against it."