Pension Reform Aims to Support Aging Population

German Cabinet signed draft law for over-70s to earn €2,000 tax-free while receiving pension.
Law targets labor shortages and aging population.
Part of broader pension reform efforts.
285,000 working pensioners will benefit in first year, costing €890 million.
Finance Minister Lars Klingbeil praises labor market and economic benefits.
Industry leaders support change; coalition faces budget concerns.

Policy | Economy | Aging

Germany

Lars Klingbeil

3 weeks ago