Germany is considering raising the retirement age to 67 years and canceling early retirement

Germany intends to raise the retirement age beyond 67 years, abolish early retirement, and expand the scope of contributors to the compulsory retirement system under a new package of recommendations supported by Chancellor Friedrich Merz on Tuesday.
Germany, like other industrialized economies, faces the problem of an aging population, and last year it formed an expert committee to develop proposals to reform the pension system.
The committee presented its findings on Tuesday, noting the necessity of linking the retirement age to average life expectancy, and raising it beyond 67 years.
The committee recommended abolishing the system that allows early retirement at the age of 63, and expanding the scope of mandatory contributions to the pension system to include civil service employees and self-employed workers.
“All elements of this reform package must now be implemented quickly,” Meretz said in a press conference, adding, “We cannot afford to cancel or reject any of these measures.”
He added that the proposals seek to achieve “two goals: ensuring the stability of pensions, and distributing burdens fairly among all segments of society and all generations.”