Merz backs plans to raise Germany’s retirement age in pension reforms

Germany's chancellor, Friedrich Merz, has endorsed proposals to incrementally increase the retirement age to around 70 by the early 2090s, aiming to secure the pension system against the challenges posed by an ageing population. The expert commission behind the plan suggests linking retirement age to rising life expectancy, ensuring the system's sustainability. This move is crucial as it addresses the demographic shifts and financial pressures that could otherwise threaten the pension system's stability, highlighting a strategic effort to adapt to long-term demographic trends.