With the increase that will come into force as of July 1, retirees will experience great relief against inflation.
Against the inflation announced as 2.2 percent in March, pensions 4.57 percent increase It was decided to do it. This increase rate is less than inflation more than twice and will provide a significant increase in the purchasing power of retirees.
The Raise Will Cover All Retirees and Provide Historical Equality
The raise will cover all retirees and will be the first in the history of the country. For the first time, it will be applied equally throughout Germany. In previous years, pensions in the former East Germany were lower than in the former West Germany. However, with the increases made last year, this difference was significantly reduced. With the increase made this year, salaries complete equality will be provided.
Increase Will Affect More Than 21 Million Retirees
The increase will be effective as of July 1, 2024 and More than 21 million retirees will affect. How much of an increase the raise will cause in retirees’ salaries will vary depending on individual salaries.
Germany’s Step Can Be an Example for Other Countries
This step by Germany is an important step to protect the welfare of retirees and help them in the fight against inflation. This decision also applies to other countries. can serve as an example.
