A German expert commission, appointed by Chancellor Friedrich Merz, has proposed reforms to stabilize the country’s pension system in response to an aging population. Key recommendations include adopting a pension fund model similar to Sweden’s and gradually increasing the retirement age. The proposed changes aim to address the financial strain on the pension system caused by a growing number of retirees and a shrinking workforce. Details of the exact phasing-in of the increased retirement age were not immediately specified, but the commission suggests a potential age of 70. The proposals are now under consideration by the government, and are expected to spark debate among political parties and labor unions. The goal is to ensure the long-term sustainability of Germany’s pension system and maintain adequate benefits for future retirees. Further details regarding the implementation and potential impact of these reforms are anticipated in the coming weeks.