New plans for pensions and taxes
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Leaders meet in Berlin. They discuss reforms for Germany. The government wants to lower the income tax. This helps people with little money. Rich people shall pay a high tax rate later. The SPD wants to tax the rich more. The Union wants to save state money. The states fear less money from taxes.
There are new plans for the pension. People shall work longer in the future. Life expectation rises. So the pension age rises too. From 2041, you retire at 67 and 6 months. Later, the age could rise to 70 years. The experts want to end the pension at 63. You get less money if you stop work early.
People who work alone must pay into the pension fund. This is new. Before, they paid for their own money. Experts like these plans. The plans make the pension safe. The government wants to decide quickly. There are big elections in autumn.
There are new plans for the pension. People shall work longer in the future. Life expectation rises. So the pension age rises too. From 2041, you retire at 67 and 6 months. Later, the age could rise to 70 years. The experts want to end the pension at 63. You get less money if you stop work early.
People who work alone must pay into the pension fund. This is new. Before, they paid for their own money. Experts like these plans. The plans make the pension safe. The government wants to decide quickly. There are big elections in autumn.
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Definitions
- Income tax
- This is a tax. Every citizen pays it on their wage to the state.
- Pension
- Money from the state for people who are old and do not work.
Locations
- Berlin
- Berlin is the capital of Germany and seat of the government.
- Germany
- A country in the middle of Europe.
Sources
Spiegel
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