Pension reform: Grace period for certain age groups? Possible exceptions for employees in partial retirement
The planned pension reform could provide employees shortly before retirement with important exceptions, according to a media report. The Ministry of Labor is being cautious.
The German Federal Ministry of Labour plans to raise the statutory retirement age to 67 for those born between 1965 and 1967, and to a later age for those born in 1968 or later, according to a draft bill dated August 21 obtained by "Die Zeit". The ministry disputes this, saying the draft is outdated and not currently being considered.
The bill also proposes a transitional arrangement for people who have already agreed to part-time retirement or will do so soon. Those born between 1968 and 1971 who finalize such an agreement before a cabinet decision on pension reform may retain a retirement age of 67 and eligibility for an unreduced pension after 45 years of contributions at age 65.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
