Bloomberg News

German Pensions to Rise as Much as 2.3 Percent, Die Welt Says

March 13, 2012

German pensions will rise as much as 2.3 percent in July for some 20 million people who draw benefits from the country’s pay-as-you-go retirement plan, Die Welt newspaper reported, citing the federal Labor Ministry.

Pensions in western-region states will rise by 2.2 percent and by 2.3 percent in eastern states, the newspaper said. The increase in the western states is the second-largest since 1994 albeit slightly lower than the 2.3 percent increase in inflation last year, the newspaper said.

To contact the reporter on this story: Brian Parkin in Berlin at bparkin@bloomberg.net

To contact the editor responsible for this story: James Hertling at jhertling@bloomberg.net


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