Restrictions on pensions at 63: “Deduction-free pension” only for one group. Around 300,000 people, more than ever before, applied to the German Pension Insurance (DRV) to retire early from working life as part of the “pension at 63”.
Those who have been insured for a long time can retire without any deductions after 45 years of insurance. However, the year 63 refers to the introduction of this option. Due to the gradual increase in the standard retirement age from 65 to 67, the entry age for early retirement is also increasing.