Active pension scheme expected to start in January is part of chancellor’s ‘autumn of reforms’ to tackle economic stagnation

I mean, at least we’re finally placing some burden on the elderly who fucked the rest of us over.

Germans who continue in the labour market beyond retirement age will be able to earn up to €2,000 (£1,750) a month tax-free on top of their pension under a scheme aimed at boosting economic growth and labour force participation rates.

The “Aktivrente”, or active pension scheme, due to come into force in January, was promised on the campaign trail by the chancellor, Friedrich Merz, before he came into office five months ago.

The government, a coalition of Merz’s conservative Christian Democrats (CDU) and junior partners the Social Democrats (SPD), hopes the plan will incentivise post-retirement working.

A draft law is expected to be approved by the cabinet on Wednesday – after Merz won over his Social Democrat sceptics earlier this month – then debated in the Bundestag.

  • Powderhorn@beehaw.orgOPEnglish
    2·
    6 hours ago

    It is absolutely not just billionaires. It’s literally people who should have retired long ago but need to extract more value from their kids and grandkids.