BERLIN, Nov 5 (Reuters) – Germany’s more than 20 million pensioners will likely see their state benefit rise by up to 4.2% from July 2023, according to a governemt proposal seen by Reuters, lower than the expected inflation rate of 7.0%.
The state pension in western Germany will rise by 3.5%, while in former East Germany it will increase by 4.2% according to the draft, as the government continues to narrow the gap between the two regions.
Author(s): Holger Hansen, Christoph Steitz
Publication Date: 5 Nov 2022
Publication Site: Reuters