German retirees will get an inflation-busting pension increase this year

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Germany's Cabinet has approved a 4.57% rise in retirees' pensions from this summer, well above the current rate of inflation. The increase will take effect on July 1, the first time since 2000 that pensions in Europe's biggest economy have risen by more than the annual inflation rate, which in March stood at 2.2%. An increase last year of 4.39% in the former West Germany and 5.86% in the formerly communist east completed efforts to bring pension levels in the two parts of the once-divided country level more than 20 years after reunification. Germany has a population of 84 million, including more than 21 million retirees.

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https://finance.yahoo.com/news/german-retirees-inflation-busting-pension-103604272.html