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Pension during the Corona crisis: the earnings limit will be increased sevenfold this year

2020-04-08T15:51:42.252Z


Those who are retired can normally earn 6,300 euros annually. Due to the Corona crisis, the earnings limit will be increased drastically this year.


Those who are retired can normally earn 6,300 euros annually. Due to the Corona crisis, the earnings limit will be increased drastically this year.

  • Pensioners are usually allowed to earn 6,300 euros a year.
  • This year the border will be increased sevenfold due to the Corona crisis.
  • Pensioners are supposed to cope with personnel shortages through their activities - but there is a catch.

The federal government has decided to drastically increase the additional earnings limit for pensioners. This is usually around 6,300 euros a year. In 2020, however, pensioners can now earn 44,590 euros without deductions from their pension payments .

The reason for this measure is that it will make it easier to continue working or resume employment after retirement. Because of the corona crisis, staff shortages have arisen in many areas, due to illnesses or quarantine orders. This should make it more attractive for pensioners to take up a part-time job.

Pension: increase of the additional earnings limit is not permanent

However, the increase in the additional earnings limit is only temporary. On the side of the German pension insurance, this means that from 2021 it will be reset to 6,300 euros per calendar year.

Additional earnings during retirement: these are the conditions

Anyone who has reached the standard age limit of 67 years (born in or after 1964) can earn an unlimited amount anyway. However, these people are usually less interested in part-time jobs. The new regulation is therefore particularly interesting for early retirees *. Anyone who is entitled to a pension before the normal retirement age must take the additional earnings limit into account when taking up secondary employment .

Whoever is an early retiree this year and resumes his old job, can earn 44,590 euros or 3,715 euros gross per month this year and receives his full pension amount at the same time.

Also read: You want to retire earlier? With these tricks, the dream becomes a reality

Staff shortages in health care are to be dealt with

The fact that pensioners are to be motivated to work again by this new transitional arrangement naturally goes against the fact that older people from the age of 60 are among the risk groups that are supposed to be specially protected against infection with Covid 19 *. When choosing the activities, you should definitely consider this. The German pension insurance nevertheless hopes that staff shortages will be dealt with in hospitals and nursing homes, among other things.

Also interesting: higher than expected: you will get so much more pension from summer 2020

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* Merkur.de is part of the nationwide Ippen-Digital editors network.

Source: merkur

All life articles on 2020-04-08

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