Germany aims to bring 63-year-old retirees into the employment market

Minister Lindner, in a statement to the Funke media group, argued that those who retire at the age of 63 almost have a bonus, saying, “There are millions of people who are open to the labor market but live on social benefits. We should encourage these people to enter the labor market with at least one mini job.” said.

Regarding the fact that some economists demand more working hours in order not to reduce the welfare of the country, Linder said, “Why don’t we create incentives to make people want to work longer instead of financing their retirement at 63?” used the phrase.

Lindner also rejected proposals to work four days a week in the country, adding that “four days a week discussions will not help us finance our social level and environmental standards in the long run.” he said.

Currently, the retirement age in Germany is 65, but this is gradually being raised to 67 years old. Starting from 2031, employees will only be able to get retirement at the age of 67.

In order to retire in the country, it is necessary to deposit at least 5 years of pension premium.

The right to retire at the age of 63 was an exceptional arrangement only for those born before 1953 during the previous governments.

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