Germany's pension commission has proposed a comprehensive restructuring of the national retirement system to the government. A primary objective of the plan is to abolish the "retirement at 63" option. Instead, the commission suggests a moderate link between the legal retirement age and average life expectancy. To supplement the state system, the proposal includes the introduction of a capital-funded additional pension. These measures aim to ensure the long-term financial sustainability of the pension fund. The recommendations reflect a shift toward a more flexible, yet sustainable, retirement model. The government will now evaluate these proposals to determine future legislative changes.
