The pension commission plans to hand over 30 reform proposals on Tuesday to Chancellor Friedrich Merz and Labor Minister Bärbel Bas.
The commission led by Constanze Janda and Frank-Jürgen Weise recommends linking the retirement age to life expectancy. Employees could therefore retire at 67.5 years in 2041 and at 68 years in 2051. The disputed pension at 63 after 45 contribution years is to be abolished.
A portion of contributions is to be invested in the stock market in the future. Up to two percent of gross wages are to flow into a new capital pillar. Returns are intended to stabilize the pension level at 48 to 50 percent in the long term.
In addition, politicians and self-employed persons are to be included in the statutory pension insurance. The proposals were developed by consensus and are to form part of a broader reform package.
