There are currently 21 million pensioners in Germany. And they can look forward to more money in the account in 2020. Pension payments are increasing again. But is that enough?
- Pension payments are to be increased by July 1, 2020.
- These vary from west to east.
- A new report shows how earnings will develop by 2033.
Basic pension, old-age poverty and pension tax: In the past few months, the pension debate has been more controversial than ever. As a result, many German studies have great concerns about how to maintain their standard of living in old age.
In 2020, pension payments will increase by that percentage
But now there is good news for German pensioners again: As in previous years, seniors can look forward to more money in their accounts this year *. After all, pension payments are to increase by 3.15 percent in western Germany and 3.92 percent in eastern Germany by July 1st, 2020 . This is now apparent from the Federal Government's 2019 pension insurance report.
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The new report also shows how the contribution rate to the statutory pension * will develop over the next 15 years. He also reveals that pensioners can expect a pension increase of up to 36.5 percent by 2033 . According to Section 154 of the Social Security Code, number 6, the Federal Government reports annually on pension insurance and its income and expenses.
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Pension benefits: There is so much more money in the account
But how much more money will there actually be in 2020? Specifically, this means that a monthly pension of € 1,000 * based on contributions from the West increases by € 31.50 . On the other hand, an equal pension with contributions from the East increases by 39.20 euros .
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* merkur.de is part of the nationwide Ippen-Digital editors network.