Germany- The Conservatives and Social Democrats have proposed lowering the value of state pensions as well as increasing the retirement age and the statutory contribution.
The latest details came as part of a continued process of reform for Germany's pension system. The 2001 "Riester" reforms aimed to reduce the maximum pension from 70% to 63.5% of workers' former income, and in 2003 the government followed this up with plans to reduce benefits to 45% by 2030.
The announcement also revealed the latest government's plan to tackle the problem of Germany's ageing population.
Between 2012 and 2029 the retirement age will be raised gradually from 65 to 67. Anyone who paid into the state pension scheme for 45 years would also be eligible. Until 2023, those who retire at 63 but have contributed for 35 years may also draw a state pension.
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