As of July 1, the pensions will be adjusted in rotation.
(Photo: imago images / Bildgehege)
Berlin Federal Labor Minister Hubertus Heil (SPD) wants to soon set the course for the concrete structure of the pension increase in July. “According to all that we know, there will be a substantial increase in pensions this year,” Heil told the German Press Agency in Berlin.
In good time before the adjustment due on July 1st, he will reactivate the effect of the catch-up factor. With this already announced change in the calculation, the pension increase this year should be slightly smaller than originally forecast.
The minister described the catching-up factor as compensation for “that there was no pension cut in 2021 despite the Corona slump”. In fact, an existing pension guarantee had resulted in a zero round last year.