Germany's Merz: we are 30 years late with pension reform
EWG•German Chancellor Friedrich Merz said Germany was at least 30 years late in overhauling its pay-as-you-go retirement system. He said workers' and employers' pension contributions would have to rise temporarily to accommodate demographic change.
1. Pension reform
Merz said Germany was at least 30 years late with plans to overhaul its pay-as-you-go retirement system. He added that pension contributions paid by workers and employers would have to rise temporarily to accommodate demographic change.
