Germany : Government wants to raise retirement age to 67 years old by 2029

Publication

2 February 2006 à 19h05

Updated on 3 February 2006 à 11h19

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1 minute

Publication: 2 February 2006 à 19h05, Updated on 3 February 2006 à 11h19

Reading time: 1 minute

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The parties ivolved in Angela Merkel’s big coalition government have decided to raise the retirement age to 67 years old (from 65 today) in 2029 instead of 2024. This has been anounced Wednesday February 1st, after the council of ministers, by the Vice Chancellor and minister for Work Franz Münterfering (SPD). (Ref. 0696)
Publication

2 February 2006 à 19h05

Updated on 3 February 2006 à 11h19

Reading time

1 minute

Publication: 2 February 2006 à 19h05, Updated on 3 February 2006 à 11h19

Reading time: 1 minute

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According to the minister for Work, the measure should take effect six years earlier than previously scheduled. Indeed, the text signed by the CDU-CSU and SPD last November had planned on raising the retirement age to 67 in 2035 at latest. The application of this reform should take place in two times: From 2012, the retirement age will increase by one month each year until 2024. After 2024, the retirement age will increase by two months until 2029. Employees who have worked for at least 45...

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