German retirees will get an inflation-busting pension increase this year

FILE – Elderly women sit on a bench beside their walker in the sun at a park in Gelsenkirchen, Germany, Wednesday, April 5, 2023. Germany’s Cabinet on Wednesday, April 24, 2024, approved a 4.57% rise in retirees’ pensions from this summer, an increase that is well above the current rate of inflation. (AP Photo/Martin Meissner, File)

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