- A Merz-appointed commission proposes a Swedish-style, mandatory funded pension to sit alongside Germany’s pay-as-you-go system to shore up pensions as the population ages.
- It would abolish early retirement at 63 after 45 years’ contribution and gradually raise the retirement age with life expectancy, to around 70 by the early 2090s.
- The plan could free about €30bn a year for investment, winning business backing but drawing union criticism, and the coalition is under pressure to agree it quickly.
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