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Germany mulls raising retirement age
The article concerns Germany's proposals to reform the pension system, where the government is considering gradually raising the retirement age to beyond 67 years, abolishing early retirement options, and expanding mandatory contributions to cover various categories of workers. These reforms come as Germany faces an aging population issue, with approximately 19 million people over the age of 65, accounting for 23% of the population in 2024, compared to 15% in 1991. The proposals require discussion and approval by the parliament before they can be implemented.
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