Business · Economy · 5 hrs ago

Veronika Grimm warns of sharp rises in social insurance contributions

Veronika Grimm warns of sharp rises in social insurance contributions

German economic adviser Veronika Grimm warned of higher social insurance contributions.

She said the payments could rise sharply in the coming years.

The warning highlights young workers as especially at risk.

Social insurance contributions are linked to the pay workers take home, but no specific effect on salaries is given.

Grimm says particular contribution rates may be at risk, though no exact rates are provided.

The warning concerns the next few years, but no more precise timetable is given.

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