Labor Minister Heil expects a pension increase in July

As of: March 3, 2024 7:20 p.m

Inflation and increased food prices are also affecting seniors, and Labor Minister Heil is now promising an increase in pensions from July. The reason is the increased collective wages, he said Report from Berlin.

Federal Labor Minister Hubertus Heil expects a pension increase on July 1st. The exact figures should be available in May, said the SPD politician Report from Berlin. Pension increases followed wage increases on the labor market. “And because they were quite decent, I expect that we will finally have pension increases above the inflation rate again,” said Heil.

If the collective bargaining and wage agreements are good, that is always the basis for the pension increase a year later. The 22 million pensioners deserve it too.

Pension level should be 48 percent committed become

Heil and Finance Minister Christian Lindner (FDP) want to present Pension Package II on Tuesday. The pension level should also be set at 48 percent for the period after 2025 to 2029. Heil gave details in Report from Berlin not. But it is important to keep the pension level stable and permanently secure for all generations in Germany, said the minister.

It’s about “making provisions for the future so that contributions don’t explode in the second half of the 1930s.”

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