Germany gradually raises retirement age to 67

Germany continues to gradually raise the retirement age. This policy affects millions of workers, extending the standard retirement age to 67 by 2031. The increase is part of efforts to finance the state pension system amidst demographic shifts. Those born in 1961 will now retire at 66 and six months, with the age rising by two months for each subsequent birth year. A recent poll indicated 82% of Germans desire pension reform. The current coalition aims to maintain the pension level at 48% of average earnings until 2031.