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Germany Introducing Incentive for Workers Post Retirement Age

|Proposed Changes|Germany
Germany

The German Ministry of Finance has published a draft bill that would introduce an incentive for employment after reaching the standard retirement age. For individuals who continue to work after reaching retirement age, a tax-free allowance of up to EUR 2,000 per month is proposed. Their employer must continue to pay pension insurance contributions to qualify, and only one employer can apply th…