Retirement Age to Rise further,Spahn Tells “maischberger”
Berlin – Germany’s retirement age is set to increase incrementally in the coming decade,according to CDU politician Jens Spahn,speaking Monday evening on the ARD program “Maischberger.” Spahn stated, “If we live longer and longer, we will also have to work part of this longer lifetime,” emphasizing the need for honest discussion about the future of pensions.
Currently,germany’s retirement age is gradually increasing to 67,a benchmark expected to be reached by 2030/31. Though, Spahn indicated further increases will be necessary. He suggested the age “has to increase gradually year after year and then month after month” in the subsequent legislative period.
These statements align with recommendations from a new report by an advisory group to Federal Minister of Economics Katharina Reiche (CDU). The report, lead by economist Veronika Grimm, advocates for linking the retirement age to life expectancy, abolishing the early retirement option at 63, and reinstating the sustainability factor.According to the report, titled “A growth agenda for Germany,” “We will have to work more if we want to preserve the scope of social security without leaving the following generations even more loads.” Reiche’s advisory group is also reportedly pushing for a retirement age of 70.