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.
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