People who retire before reaching the standard retirement age and have to accept deductions could face a heavier penalty in future. According to CSU parliamentary group leader Alexander Hoffmann, the deductions are set to rise from 0.3 to 0.4 per cent per month. Hoffmann told the RedaktionsNetzwerk Deutschland that the increase was overdue; a rate of 0.5 per cent had even been discussed. At the announced rate, retiring a year early would mean a deduction of 4.8 rather than 3.6 per cent. ([br.de](https://www.br.de/nachrichten/meldung/rentenabschlaege-sollen-auf-04-prozent-steigen%2C3008254ef?utm_source=openai))
Hoffmann wants the new rules to take effect in the 2027 financial year if possible; according to him, the Federal Ministry of Labour is working on a timetable. No firm date has yet been announced. The announcement comes amid a dispute over how to fund the pension system and whether people should work for longer. The changes would affect the amount deducted for drawing a pension early; they are not the same as an already agreed general increase in the state pension age. The individual impact on insured people would still depend on the type of pension and the date on which they retire. ([br.de](https://www.br.de/nachrichten/meldung/rentenabschlaege-sollen-auf-04-prozent-steigen%2C3008254ef?utm_source=openai))