pension system: first, raising the legal retirement age to 67 automatically leads to lower pensions. Second, the average level …

's Population Prospects, we examine how different retirement ages in selected EU countries would lead to comparable relations … to take retirement roughly four years earlier than Germans. There is, therefore, no apparent economic justification for … the suggested alignment of retirement ages in accordance with the current German regulation, as is sometimes suggested …

points, an average monthly gain of 40 euros. In addition low wages in the four years preceding disability-related retirement … will now be disregarded. However, since these new rules only apply to retirement after July 2014 they fail to fight poverty …. Third early retirement at age 63 without actuarial adjustment has been reintroduced This is a costly measure with negative …