German pensions could rise by 4.1 percent next year

Germany’s government estimates in its draft pension insurance report that pensions could rise by 4.1 percent next year. For a €1,000 pension, that would mean an extra €41 a month. The estimate is preliminary, with precise figures available only in March.

Under current law, the pension contribution rate is expected to remain at 18.6 percent of gross income next year. It is then expected to rise to 20 percent in 2030.