Germany retirees will get an inflation-busting pension increase this year


by The Washington Times

The Washington Times— Germany’s Cabinet on Wednesday approved a 4.57% rise in retirees’ pensions from this summer, well above the current rate of inflation.

Global News—German retirees will get a pension increase that beats inflation. What to know. The increase will take effect on July 1, the first time since 2000 that pensions in Europe's biggest economy have risen by more than the annual inflation rate.

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