Germany tries to reform its pension system as its population ages

Active retirees, early retirements… In Germany, the government is multiplying its efforts to save the pay-as-you-go pension system — under pressure from an ageing population. Each year, Germany already spends a quarter of its federal budget to cover pension shortfalls — nearly 118 billion euros in 2024. By the end of the year, Parliament is set to vote on a package of laws to keep older people working longer, and to get the young contributing earlier.