Germany Moves to Raise Retirement Age to Tackle Ageing Population Challenges

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Business & Economy

Germany plans to gradually raise the retirement age beyond 67 based on life expectancy.

Business & Economy

The proposal includes eliminating early retirement at 63 and expanding mandatory contributions.

Business & Economy

Opposition parties and trade unions have criticized the plan for increasing the work burden.

Business & Economy

Government officials aim for swift parliamentary approval to ensure pension system stability.

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