Federal Government
Estimate: pension increase of 3.5 percent in summer 2024
In the future, the annual pension adjustment will be the same everywhere. photo
© Patrick Pleul/dpa-Zentralbild/ZB
Pensions are adjusted every summer, taking wage developments into account. The exact figures are not yet known, but the estimate is below the level of the last increase.
According to an official estimate, pensioners in Germany can expect their salaries to increase by 3.5 percent next summer. This emerges from the draft pension insurance report Federal government, which was available to the German Press Agency. When asked on Wednesday, a spokesman for the Federal Ministry of Labor said that the report was currently being coordinated by departments. The “Bild” newspaper had previously reported.
The value for the increase on July 1, 2024 has not yet been finally determined, but will only be determined in the spring. Pensions are adjusted annually in the summer, taking into account wage developments in the country.
The estimate for the coming year is therefore below the level of the increase from which the approximately 21 million pensioners benefited as of July 1st of this year. At that time, pensions were increased by 4.39 percent in the west and 5.86 percent in the east. Because the pension value in the new federal states was brought into line with the level in the West with this step, the annual adjustment will be the same everywhere in the future.