Skip to Content

German retirees to get hefty pension increase in July


BERLIN (AP) — The German government says retirees will get a hefty pension increase this year, a result largely of higher wages in Europe’s biggest economy as inflation has climbed sharply. The Labor Ministry said Tuesday that pensions will increase by 5.35% in the former West Germany on July 1 and by 6.12% in the formerly communist east. Labor Minister Hubertus Heil said that, “because we managed in Germany to keep the labor market stable in the (coronavirus) crisis,” the financing of the pension system is in good shape and the big increase is possible. 

Article Topic Follows: AP National Business

Jump to comments ↓

Author Profile Photo

Associated Press


KIFI Local News 8 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content