Pensions in an international comparison: Germany performs poorly. In Germany, the pension works as follows: after 45 years of work and reaching retirement age, you can retire without deductions.
If you want to retire earlier, you have to pay deductions. In France, a pension without deductions is possible from the age of 64. In Denmark you only retire at 74 years old. Pensioners in Germany are left with around 53 percent of their last net income. Pension levels abroad are significantly higher. Germany is below average in the bottom third of the OECD list.