Despite strong protests from unions and the left wing of the social-democrat party (SPD) deputies in the Bundestag voted, on March 9, with a large majority, the bill gradually raising between 2012 and 2029 the legal retirement age from 65 to 67. The Bundestag also adopted a law, entitled "50 plus", aiming at maintaining seniors active. The two texts still have to be ratified, on March 30, by the Bundesrat (the Länder chamber). They should come into effect on May 1, 2007. (Ref. 070221)
Raising the retirement age on the one hand. Among the 581 deputies present, 408 voted in favour of the bill, 169 against (of which 11 social-democrat deputies) and 4 abstained. According to the government, the reform follows a double goal: to limit the increase in retirement contributions rate (22% in 2030) and to stop a decrease in the pensions’ level (see our story n°061064). the increase, which will be carried out step by step, will be fully effective for people born in 1964 and after. In th
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