Highest pension increase in 30 years

(GermanPolicy.com) – The Federal Cabinet has approved a pension increase of 5.35 percent from 1 July. Federal Minister of Labor Heil (SPD) described this as the highest increase in 30 years. In East Germany, pensions will climb by 6.12 percent. Incidentally, the 3 million recipients of a disability pension are to receive higher allowances of 7.5 percent from 2024. Finally, the catch-up factor will be reactivated for the benefit of regular pensioners so that falling wages do not have a negative impact on pensions. In Germany, pensions depend on general wage developments.

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