Rises in German pensions are linked largely to wage developments. <a href="https://www.foxnews.com/category/us/economy/inflation" target="_blank">Inflation has</a> added to upward pressure on wages; salary negotiations in various sectors lately have seen high demands and in some cases hefty increases.

<a href="https://www.foxnews.com/world/german-parliament-extends-holocaust-pensions" target="_blank"><strong>GERMAN PARLIAMENT EXTENDS HOLOCAUST PENSIONS</strong></a>

<div class="m"><picture><source media="(max-width: 767px)" srcset="https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2023/01/735/414/DOTCOM_STATE_COUNTRY_NEWS_GEN_GERMANY-1.png?ve=1&amp;tl=1, https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2023/01/1470/828/DOTCOM_STATE_COUNTRY_NEWS_GEN_GERMANY-1.png?ve=1&amp;tl=1 2x"><source media="(min-width: 767px)" srcset="https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2023/01/931/524/DOTCOM_STATE_COUNTRY_NEWS_GEN_GERMANY-1.png?ve=1&amp;tl=1, https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2023/01/1862/1048/DOTCOM_STATE_COUNTRY_NEWS_GEN_GERMANY-1.png?ve=1&amp;tl=1 2x"> <img src="https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2023/01/640/320/DOTCOM_STATE_COUNTRY_NEWS_GEN_GERMANY-1.png?ve=1&amp;tl=1" alt="Pensions for German retirees are expected to rise for a second consecutive year, but the increase will fall short of inflation." width="100%" height="auto"></picture></div> <div class="info"><div class="caption"><p><span>Pensions for German retirees are expected to rise for a second consecutive year, but the increase will fall short of inflation.</span> <span>(Fox News)</span></p></div></div>

Germany's annual inflation rate stood at 8.7% in February, unchanged from January.

The latest pension increase falls short of that. But it will finally bring pensions in the less prosperous east up to the level of those in the west, which is home to most of Germany’s population, after years of efforts to narrow the gap.

For the second consecutive year, pensions for German retirees are expected to rise. The Labor Ministry says pensions will rise by 4.39% on July 1st, in the former West Germany.

German pensions will rise significantly this summer for the second consecutive year

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