Germany's Cabinet approves a 4.57% pension increase for retirees, exceeding the 2.2% inflation rate.
Germany's Cabinet has approved a 4.57% pension increase for retirees, starting from this summer. This increase is above the current inflation rate, marking the first time since 2000 that pensions have risen by more than the annual inflation rate in Germany, with the rate currently at 2.2%. The rise in pensions is linked to wage developments and follows demands for increased pay due to a rise in living costs.
April 24, 2024
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