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US pension: Increase falls 2022 lower from predicted

16:25  28 november  2021
16:25  28 november  2021 Source:   ksta.de

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The pension increase next year falls by 0.8 percentage points less than expected: According to the managing Federal Minister of Labor Hubertus Heil (SPD), pensions will increase by 4.4 percent from July 2022.

Arbeitsminister Hubertus Heil (SPD) © dpa Labor Minister Hubertus Heil (SPD)

"forecast were 5.2 percent," said salvation the "picture on Sunday". "This is still very neat." Reason for the lower value is that the traffic light coalition reinsert the catching factor again, with the abdication of pensions with future elevations. "With a social democratically guided government, it will not come to pension cuts," however, he realized.

The SPD wool for a stable retirement level ensure that the pension development "should not be decoupled from wage development". Salvation promised to implement the increase in the minimum wage until the middle of next year: "We will take the increase in the minimum wage on twelve euros very quickly. At the latest in the coming summer, the increase should apply. Then about ten million people earn more. "(AFP)

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This is interesting!