Pensions are an ever-present topic. Many people are particularly concerned about the question of pension levels in retirement.
A formula provides answers. The annual gross income is taken into account in relation to the average income in Germany, the number of years worked, the pension factor, the access factor and the current pension value. With a gross monthly salary of €3,500 – that is the pension amount. Based on the current average earnings in Germany (45,358 euros) and the value one for the access and pension factor as well as the current Pension value of 37.60 euros – the pension formula results in a monthly pension of 1566.74 euros.