Pension adjustment a “fiasco”: New law promises 7.5 percent more pensions. New law aims to address inequality and also support those who retired before 2014.
Due to the new regulation, the federal government expects additional spending of 1.3 billion euros in 2024 and 2.6 billion euro in 2025. The first payment is to take place as planned in July 2024 and will be paid out “separately from the current pension [at] the middle of the month”