Young Germans will have to work till 69, Bundesbank warns

Older workers in the eurozone's largest economy can now retire after 45 years in employment or at 65. The government has planned to gradually increase the retirement age to 67 by 2029... Instead the retirement age would, after 2029, have to rise by another two years by 2060. That means a 25-year-old entering the German labour force today would have to work four more years than the current crop of retirees -- until they are 69.