Pensions in Germany are set to rise by 4.57% on July 1, the Ministry of Labour and Social Affairs announced in Berlin on Tuesday. The pension adjustment is based on the latest data from the Federal Statistical Office and the German Pension Insurance. A pension of €1,000 ($1,084) will thus rise by €45.70. This is the third year in a row that the pension adjustment has exceeded 4%, the ministry said. Labour Minister Hubertus Heil spoke of “good news” for pensioners. “The strong labour market and good wage agreements make this possible,” said Heil. The pension adjustment is well above the inflati…