#Major #Social Shift: #Germany Abolishes #Bürgergeld and Overhauls #Private #Pensions

The #Bundestag has officially signaled the end of an era. Starting January 1, 2027, the controversial Bürgergeld will be replaced by a stricter "basic security" system where missed job center appointments will lead to a total loss of benefits—including rent support.

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https://munchen.news/en/economic/bundestag-approves-private-pension-reform-and-stricter-social-benefit-rules/

Bundestag approves private pension reform and stricter social benefit rules - On Duty of Munich

Germany stands on the threshold of a major social sector restructuring: the Bundestag has finally approved a package of bills that fundamentally change the principles of private pension savings and the distribution of state subsidies.

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