Retire at 63? Stiftung Warentest reveals how it works

Retire at 63?

Many Germans retire earlier.

Stiftung Warentest reveals how and who can take early retirement.

• Stiftung Warentest *: This is how retirement works at 63 

• According to Stiftung Warentest, people with a severe disability can retire before the age of 63

• The insurance years play a significant role for those who want to retire earlier

Kassel

- The law in Germany

between 65 and 67 years of age.

According to

many of those insured in Germany

 earlier

.

For many, employment ends at the age of

.

Earlier

will often means less

to get.

But there are exceptions.

Pension at 63: According to Stiftung Warentest, an application is required

Earlier

go - dream of many.

now has tips on who can

from

without deductions.

What matters is the

not only the age -Einstieg.

Above all, the contribution years in the

count

. 

In order

to be able to

early

, however, an application must first be submitted to the Deutsche Rentenversicherung.

has summarized when this makes sense.

Retirement at 63: Stiftung Warentest explains - no deduction for many no longer possible

According to 

 , a deduction-free pension is possible from 45 years of insurance.

Then you are considered to be insured for a particularly long time.

Depending on the year of birth, insured persons between the ages of 

 and 65 can then

without any deductions 

 .

Really at the age of

years in

could go here actually only persons who were born before the 1,953th

Even if no deductions are required from the particularly long-term insured, they receive

a lower

due to the fewer

points

they have collected

than if they had continued to work until they reached normal age.

However, according to

these are

 usually marginally higher payout amounts.

We think that's funny.

# early retirement #heuteshow pic.twitter.com/mwuPmXs7Rs

- ZDF (@ZDF) March 28, 2014

Retirement at 63: Stiftung Warentest reveals - These years count towards the insurance period required for the earlier retirement

According to

minimum insurance period to achieve the status of particularly long-term insurance is 

 45 years.

For a 

 from

at the earliest 

 , these are necessary.

These times count in the 45 years:

• Compulsory contributions from employment subject to social insurance

• Mandatory contributions from self-employment

• Unemployment benefit (ALG) I

• In-company training

• Child-rearing time

• Caring for loved ones

• Sick pay

• continuing Professional Education

• Short-time allowance

• Military and community service

• Bankruptcy money

• Voluntary pension contributions count if there are compulsory contributions for 18 years 

Don't count in time:

• Unemployment benefit (ALG) II

• Times during a pension adjustment

• Pension splitting

Pension: According to Stiftung Warentest, the retirement age is moving away from 63

How 

 reported the shifts 

-Eintrittsalter always by two months per year of birth.

People born before 1953 could retire at the age of 63 with the corresponding insurance years.

Especially long-term insured persons who were born in 1958 can

at the age of 64

.

For those with at least 45 years who were born after the year 1964, one applies

-Eintrittsalter 65 years.

Retirement at 63: According to Stiftung Warentest, this costs the earlier entry into retirement  

At the age of 

you can also 

 before you have 45 full insurance

.

According to 

 , 35 insurance years are enough to withdraw as a long-term insured.

If the insured retires earlier, not only are they missing earnings points, but they also have to pay deductions from the pension.

The

a long-term insured person is reduced

by 0.3 percent

per month that they are more likely to

.

For each year that is more likely to be

, the monthly payment is reduced by 3.6 percent. 

Pension at 63: According to Stiftung Warentest, early retirees have to expect these discounts

Stiftung Warentest

 (Stiftung Warentest tested digital cameras: Good cameras have * their price) is to remember that with each increase in the statutory

-Alters the early

more expensive.

Because the time for which a discount has to be paid is also extended.

The haircuts stay at the same level for a full length, they don't decrease, as many assume.

This costs the

at

 for insured persons who have 35 full contribution years (year of birth, deduction): 

• 1951: 8.7%

• 1952: 9.0%

• 1953: 9.3%

• 1954: 9.6%

• 1955: 9.9%

• 1956: 10.2%

• 1957: 10.5%

• 1958: 10.8%

• 1959: 11.4%

• 1960: 12.0%

• 1961: 12.6%

• 1962: 13.2%

• 1963: 13.8%

• 1964: 14.4%

Stiftung Warentest: Pension for people with disabilities

How 

 reported people can already before the age of having a severe disability 

 years in 

 leave.

A prerequisite is also 35 years of premium payment.

For people with a disability over 50 percent of which is

-Eintrittsalter risen to 65 years.

People born before 1958 can still

at the age of

and a few months

.

Stiftung Warentest: Pension for people with disabilities also 63 years ago 

But it is also possible for people with severe disabilities to retire before the age of 63.

According to Stiftung Warentest, there are also down payments here.

This is 0.3 percent

per month that the insured is more likely to

.

Stiftung Warentest tests on numerous consumer topics

The

primarily examines products.

Just in time for the start of the grill season, Stiftung Warentest took a close look at electric grill appliances *.

Apps are also not safe from the tests by Stiftung Warentest *.

Car-sharing apps were recently examined.

Many people ask themselves this question: wash your hair, but with which product?

Stiftung Warentest tries to shed light on the darkness in a test *.

The safety of children is a priority for many, and this also applies to riding in the car.

Stiftung Warentest has examined the seats * required for this. 

The Stiftung Warentest also examined over-the-counter medicine for its suitability for children *.

Ibuprofen, Paracetamol and Nasivin were tested.

Some drugs could be dangerous for children.

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

From Lucas Maier 

List of rubric lists: © Christian Charisius / dpa