According to reports citing sources within the expert commission, the committee responsible for reforming the statutory pension insurance appears poised to recommend raising the mandatory retirement age to as high as 70 years.
The proposed plan suggests a gradual increase over time. The commission reportedly envisions the retirement age rising from nearly 67 years to 70 years by the early 2060s. Specific milestones include potentially raising the age to 68 in the early 2040s and then increasing it to 69 in the early 2050s, with a follow-up one-year increase projected ten years later.
In addition to raising the age, the 13-member group aims to stabilize pension finances by proposing a reduction in the pension payout level to a maximum of 46 percent, down from the current rate of slightly over 48 percent.
A point of considerable debate is whether civil servants and officials should be required to contribute to the statutory pension insurance in the future, though there is currently no majority opinion on this matter.
The pension commission has scheduled its official report presentation for June 30.