On 23 June 2026, Chancellor Friedrich Merz and Social Minister Bärbel Bas held a joint press conference to receive the Old Age Security Commission’s report. The commission presented a balanced package of 33 individual measures aimed at safeguarding the statutory pension and redistributing costs fairly across generations. The proposal introduces a compulsory, individually assigned capital pension that will be added to the existing pay‑roll funded system by 2031, with contributions increased by two percentage points. Merz and Bas stressed that the reforms would maintain the current pension level, avoid cuts, and potentially raise the pension in future decades. Both leaders called for swift, comprehensive implementation of the package and emphasized the need for broad public discussion. The commission’s report is available for download as a PDF.
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