German parliament approves 'early start' pension for children

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The German parliament approved a new state backed pension savings scheme for children on Friday. This new legislation creates a state backed pension plan that is designed specifically for young people in Germany. It does not change the employment rules or the wage floor for foreign workers arriving to take up jobs in the country. The report does not state whether families moving from other European nations can automatically join the new scheme. This new measure is aimed at parents living within the country and does not alter the work permits required for international tradespeople or drivers. If you are planning to work in Germany, you should keep your personal documents and your employment records ready in English.