Germany plans to gradually raise its retirement age to about 70 by the early 2090s under reforms backed by Chancellor Friedrich Merz to stabilize the country’s pension system.

An expert commission recommended linking retirement age to life expectancy, expanding pension contributions, and investing part of the system in stock markets.

The proposals aim to address pressures from Germany’s rapidly aging population, which is increasing the number of retirees compared to workers.

Supporters say the changes will protect the system’s long-term viability, while critics argue they could unfairly affect physically demanding jobs and increase financial risk, The Guardian has reported.

The reforms are expected to be debated in parliament, with the government pushing for swift approval.