As of: February 20, 2024, 1:12 a.m
By: Mark Stoffers, Amy Walker
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In the discussion about increasing the retirement age, Labor Minister Heil made a clear statement.
He also commented on the new pension package.
Berlin – When it comes to pensions, the discussion about a higher retirement age is persistent.
In addition to the abolition of the so-called pension at 63, this is one of the favorite topics of experts and economists, as they otherwise fear a collapse of the pension system in Germany.
And soon-to-be retirees feel a chill running down their spines at the thought of more years in the job.
Pension cuts: Heil is making a clear statement in the discussion about higher retirement ages
But now Labor Minister Hubertus Heil made a clear announcement when it comes to increasing the retirement age.
The SPD politician emphasized in the Saturday editions of the
Funke media group
's newspapers that "with us there will be no further increase in the statutory retirement age."
In his opinion, “a pension at 69 or 70” would “also be a pension cut” for many hard-working people, for example in nursing and logistics.
A statement that must seem like balm to the soul of many future retirees.
And at the same time an announcement by which the traffic light coalition will have to be measured in the future with the upcoming pension package, which Heil has already announced.
The FDP politician also explained that Finance Minister Christian Lindner (FDP) and he were “very far along” with the pension reform.
The Labor Minister further said that they will “present the new pension package in a few weeks”.
New traffic light pension reform: Pensions would “decrease significantly in the next few years”
The focus of the pension reform is also on securing the pension level in the long term.
“If we don’t do that, pensions would fall significantly in the next few years,” explained Heil.
“We will prevent that.” According to the Minister of Labor and Social Affairs, the implementation of Pension Package II should be part of this, as he recently
announced in the
Rheinische Post .
“The draft law is available and should be implemented quickly after the budget resolution.
We are stabilizing the pension and securing the pension level,” he told the newspaper.
Labor Minister Hubertus Heil (SPD) clearly rejects the discussion about a higher retirement age.
© IMAGO
The new pension package, which has been promised for months, aims to secure pensions in the long term in view of demographic changes.
The traffic light coalition plans to use the pension package to secure an existing holding line for the pension level of 48 percent in relation to wages in the long term.
The pension package also includes plans for a stock pension (generational capital), which is intended to help relieve the burden on pension insurance in the long term.
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Pension increase in summer 2024: Heil gives first forecast for pensioners
In addition to his clear announcements, Heil also made an initial forecast for pension increases in the summer of 2024.
And promised good news for pensioners.
While a pension expert suggests a possible “mega increase” for pensioners, the SPD politician says he believes a pension increase above the inflation rate in the summer of 2024 is likely.
Initial estimates made the federal government “confident that pensions will rise faster than inflation again on July 1st,” Heil told the newspapers of the
Funke media group
in the Saturday editions .
An official forecast assumes a pension increase of 3.5 percent.