The expert commission established to reform the statutory pension insurance is anticipated to recommend raising the legal retirement age potentially up to 70 years. According to reports citing commission circles, the proposal suggests a steady increase in the required age, rising from the current level of nearly 67 years toward 70 by the early 2060s. Specifically, the timeline considers the age increasing to 68 in the early 2040s, followed by an increase to 69 in the early 2050s, with a further increase of one year scheduled ten years after that point.
To ensure the long-term stability of pension finances, the 13-member body is also expected to propose lowering the overall pension payout level to a maximum of 46 percent, a reduction from the current level of just over 48 percent. Furthermore, the debate surrounds the funding structure for civil servants, and it remains controversial whether public sector employees should be included in the mandatory statutory pension contributions; currently, there is no majority opinion on this matter.
The commission intends to officially present its full report on June 30th.
