Merz backs plans to raise Germany’s retirement age to 70 in pension changes (opens original article in a new tab)

Germany's chancellor supports pension reforms to raise retirement age to 70 by 2090s, linking it to life expectancy and investing contributions in stock market, aiming to secure the system for an aging population.

• Germany plans to gradually raise retirement age to 70 by 2090s to address aging population and pension system sustainability.
• Expert commission recommends linking retirement age to life expectancy, investing pension contributions in stock market, and expanding contributions to include civil servants and self-employed.
• Critics argue that scrapping early retirement rights may penalize workers in physically demanding jobs, while supporters claim reforms are necessary to prevent pension system collapse.