Learn more

Germany’s Cabinet has approved a set of proposed pension changes on Wednesday that would link future benefits to wage levels, following months of negotiations, sources told dpa. The proposed legislation would keep pension payments aligned with wage levels in the country, fixing minimum benefits at 48% of average wages, and also open the door to investing government funds in the stock market in the hope of helping to fund future pension increases. The measure will now go to the lower house of Germany’s parliament, the Bundestag, for consideration. The plan calls for putting €200 billion ($217 b…

cuu