Pension increase in 2024 exceeds forecast: criticism of pension plus
The pension increase in 2024 is a positive surprise - Find out how much more pension pensioners will receive from July. All important information here!

Pension increase in 2024 exceeds forecast: criticism of pension plus
The pension increase in summer 2024 exceeds forecasts and amounts to 4.57 percent for all pensioners in Germany, both in the east and in the west. This decision was made by the Federal Cabinet on April 24th in Berlin. The higher pension increase results from the positive wage development in the country, which made it possible to increase pensions more than originally expected. An example calculation shows that a pension of 1000 euros will increase by 45.70 euros.
The pension adjustment in 2024 will be carried out uniformly nationwide for the first time, as the pension value in the east reached the western value last year. Federal Labor and Social Affairs Minister Hubertus Heil (SPD) described the pension increase as positive news for all pensioners. He emphasized that the decision was made due to a robust labor market and positive wage agreements. This pension increase represents the first time in two years that inflation has been exceeded.
In order to stabilize pensions in the long term, the government is planning pension package II, which provides for a permanent strengthening of the statutory pension. This should also relieve the burden on future contributors and ensure that the younger generation benefits from this growth. Heil emphasized that stable pensions are an important cornerstone of the social market economy and ensure stability and social peace.
Despite the positive news, the pension increase in 2024 also received criticism. Bundestag member Sahra Wagenknecht described the increase as inadequate because it could not keep up with the loss of purchasing power in recent years. She pointed out that pensions are still below the European average and many older people have difficulty making a living.
Chancellor Olaf Scholz (SPD) rejects proposals to cut pensions. Despite possible financing problems for NATO's two percent target, Scholz emphasized that it would be wrong to finance this through cuts in pensions or other social benefits. He is against any plans to cut pensions in order to ensure long-term stability and security for pensioners.