Roku Stock – Germany’s Scholz rejects further increase of retirement age
BERLIN, June 8 (Reuters) – German Finance Minister Olaf Scholz said on Tuesday a proposal by economic advisors to further lift the retirement age is wrong, adding that citizens could rely on his Social Democrats to prevent any such step after a federal election in September.
The proposal to raise the retirement age by an additional year to 68 is based on wrong assumptions and wrong calculations, Scholz said at an economic conference of his centre-left SPD. “We won’t even discuss such a measure,” Scholz added.
The German retirement age to get full pensions without deductions is currently lifted step by step and will be gradually increased from 65 to 67 years until 2029. (Reporting by Michael Nienaber Editing by Caroline Copley)