A German commission tasked by Chancellor Friedrich Merz has proposed significant changes to the country’s pension system, mirroring the Swedish model. The reforms center around a gradual increase in the retirement age and the establishment of a new pension fund. These proposals aim to address the challenges posed by Germany’s aging population and ensure the long-term sustainability of the pension system. The commission’s report, released Tuesday, details the plan for a fund structured similarly to Sweden’s, without specifying exact details of implementation. The changes are intended to secure financial stability for future retirees. Further discussion and legislative action will be required to enact the proposed reforms. The move signals a major shift in Germany’s approach to pension provision.