Retirement provision needs to be planned early - and not just at the last minute, warn experts.
They say what is important when it comes to statutory pension insurance.
A lot in life needs to be planned - including
retirement *
.
If you want to find out what
claims from the statutory pension insurance
you can expect later, you shouldn't wait too long.
The first point of contact for questions about old-age provision is the
German Pension Insurance
, as the experts at Stiftung Warentest emphasize.
They advise free of charge on matters relating to the statutory pension and help those affected
to get
an
overview of their entitlements
.
The tip, so it says in an article on Test.de: “You can make an
appointment for a pension
consultation
.
An employee then analyzes yours
legal, operational and private claims
, provides information about
gaps in
supply
and gives advice on how to fill them. ”Appointments can be made by telephone (0 800/10 00 48 00) or online.
Experts advise: It is essential to plan your retirement provision early
In addition, prospective retirees can
get
support with the processes of
everything that has to be done
with a view to
retirement provision
from their
employers
, some HR departments have an accompanying role here.
But many
health insurance companies
can also provide further information.
Some community colleges offer courses for future retirees.
It is important to find out about everything at an early stage - and not just at the last minute, according to the urgent advice of experts.
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Despite increased private old-age provision, the
pension insurance
in most households provides for the largest part of the income in old age, according to Test.de.
In the future, however, the level of pensions will decrease compared to wages.
In the article, the experts provide an overview of the most important facts about the statutory pension:
Statutory pension - the most important information from Stiftung Warentest in brief
Contribution.
Employees pay 9.3 percent of their gross wages into the statutory pension insurance.
Pension amount.
The amount of the later pension depends on the amount of the gross wage and the number of years in which the payment was made.
East Germany.
Since wages are lower in East Germany, the same salary counts more for the pension in East Germany.
Deposits.
Voluntary contributions to the pension insurance are also possible within certain limits.
They increase the later pension.
Early retirement.
Not everyone has to work until their regular retirement age.
With enough contribution years, many can go into early retirement at 63.
Also read:
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Statutory pension insurance - this is how high the contribution rate is
Month after month, the
pension contribution
deducted from the gross wage
.
“The contribution rate is currently 18.6 percent of the gross wage.
Of this, the employees bear 9.3 percent themselves, 9.3 percent are borne by the employer.
An employee who earns 4,000 euros gross per month has to transfer 372 euros of this to the pension fund, ”the experts calculate on Test.de.
It will not stay that way, however: "Since baby boomers will retire in the future and a smaller number of contributors will have to provide more money for their pensions, the contribution rate will rise in the future."
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Pension contribution only up to the income threshold
However, employees only have to pay in up to a maximum limit, as the experts emphasize.
"This
income threshold
is currently at 6,900 euros a month in western Germany and € 6,450 in eastern Germany.
Neither employee nor employer pay pension contributions on wages that flow beyond this.
But that also means that the pension entitlements are capped. "
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Pension amount depends on wages - what role does the corona crisis play?
Even the
PAYG
explain the experts again soon - and take a look into the future: "The money that assumes the pension of the depositors is immediately paid back to the pensioners.
That is why the pension only rises if there are enough people who work and pay into the pension. "In the last few years this has worked well:" Since the economy has grown strongly in recent years, wages and thus also pension contributions have increased . ”The pensioners could therefore look forward to decent increases.
"Even in July 2020, pensions rose sharply again despite the Corona crisis." The consequences of the Corona crisis for pensions would become apparent "in 2021 at the earliest," says Test.de No pension guarantee. "
Also read
: Pension increase 2020 - but there is bad news for retirees
The experts emphasize: "If you
want to maintain
the usual
standard of living in old age
, you need around 80 percent of the last net salary." A large part of this is covered by the statutory pension for employees.
"But there is still a big gap." (
Ahu) * merkur.de is part of the nationwide Ippen digital editorial network.
Source: Test.de
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