Merz backs plans to raise Germany’s retirement age to 70 in pension changes

Germany plans to gradually increase its retirement age to approximately 70 by the early 2090s, a proposal supported by Chancellor Friedrich Merz. This measure aims to secure the pension system against an aging demographic. An expert commission, tasked with examining pension reforms, presented its findings on Tuesday, recommending that the retirement age be tied to increasing life expectancy. The commission also proposed eliminating the option for early retirement. These recommendations are part of a broader effort to address the financial sustainability of Germany's pension system in the face of demographic shifts. The proposed changes are expected to be implemented incrementally over the coming decades to allow for societal adjustment.