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Germany to hike pensions nationwide by 4.57%


April 25, 2024

The more than 21 million pensioners in Germany would receive a substantial 4.57 per cent pension increase beginning on July 1, after the German Cabinet approved the adjustment on Wednesday in Berlin.

With this increase, pensions are set to rise faster than inflation in the country.

The pension increase would apply equally to the entire country for the very first time.