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Income: Every fifth old-age pension under 500 euros

2022-01-21T06:15:24.282Z


Around a fifth of pensioners and – above all – pensioners receive a very small pension. According to the Federal Ministry of Social Affairs, the number only sounds dramatic at first glance.


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Photo: DPA

About every fifth pensioner in Germany receives a pension of less than 500 euros per month.

This emerges from a response from the Federal Ministry of Social Affairs to a request from AfD MP René Springer.

Around 3.4 million old-age pensions were less than 500 euros at the end of 2020, which was 19.8 percent, according to the information.

Around half (49.5 percent) of the pensions were less than 1,000 euros a month.

A particularly large number of small pensions are paid in the West and to women.

Springer spoke of "decades of irresponsible pension policy."

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In its reply, however, the Ministry notes that a low pension from the statutory pension insurance says little about the overall income in old age.

Small pensions result above all from very short contribution periods, for example due to "short employment biographies, as was often the case for women in the old federal states" or also due to the change in the insured status from statutory pension insurance to civil service pensions.

According to the government's Old Age Security Report, low pensions are "much more common" in high-income households.

There are a total of around 21 million pensioners in Germany.

This includes not only old-age pensioners, but also people who receive survivor's or disability pensions.

mike/dpa

Source: spiegel

All business articles on 2022-01-21

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