Pension payments in Germany could rise by 4.1% in 2027, according to a draft of the federal government’s pension insurance report. The estimate would add €41 a month to a pension of €1,000.
The projected increase is slightly below the 4.2% rise recorded the previous year. It is based on the latest assumptions about wage growth, which have been revised down somewhat since the summer.
The 4.1% figure is provisional. The final data is expected in March.
Under current law, the pension insurance contribution rate is due to remain at 18.6% of gross income next year. It is then expected to rise, reaching 20% in 2030.
Sources: Tagesschau.