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Provision in old age: More and more people are receiving their pension abroad

2022-06-22T07:47:46.350Z


The number of pensions paid abroad has risen significantly over the past 20 years: by 37 percent. The German pension insurance also gives a reason for this.


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Pensioners in Sicily (symbol image)

Photo: Maria Maar / imago images / Westend61

The pension insurance company wants to provide information on current trends in the field of pensions at a federal representative meeting in Freiburg this Wednesday.

However, some details were already known in advance.

More and more people are drawing their pensions abroad: over the past 20 years, the number of pensions paid abroad has risen by around 37 percent.

This emerges from a statistic from the German pension insurance, from which the dpa news agency quotes.

According to this, around 1.72 million pensions were paid out abroad last year.

In 2001, the value was reported to be 1.26 million.

One reason for this is that immigrants who used to work in Germany are now increasingly reaching retirement age and have returned to their home country.

That said the chairman of the Federal Assembly of Representatives of the Pension Insurance, Jens Dirk Wohlfeil.

Most of these workers come from countries such as Italy, Spain, Greece, the former Yugoslavia and Turkey.

Many of them moved to Germany in the 1960s and 1970s, Wohlfeil said.

According to the statistics, around 13 percent of foreign pensions are paid to Germans who live abroad.

Their share has increased by almost two percentage points within 20 years.

Most of those affected receive their pension in Austria (more than 26,000), followed by Switzerland (slightly less than 26,000) and the USA (around 22,000).

At the meeting on Wednesday in Freiburg, the chairman of the federal board of pension insurance, Alexander Gunkel, will speak, among others.

According to the announcement, he wants to report on the financial situation and the reform plans of the traffic light coalition.

You can read more about how the pension is paid abroad on the pension insurance website here.

aar/dpa

Source: spiegel

All business articles on 2022-06-22

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