Retire at 63?
Many Germans retire earlier.
Stiftung Warentest reveals how and who can take early retirement.
Stiftung Warentest *: This is how retirement works at 63
According to Stiftung Warentest, people with a severe disability can retire before the age of 63
The insurance years play a significant role for those who want to retire earlier
Kassel
- The law in Germany
provides for retirement
between 65 and 67 years of age.
According to
Stiftung Warentest,
many of those insured in Germany
retire
earlier
.
For many, employment ends at the age of
63
.
Earlier
pension
will often means less
income
to get.
But there are exceptions.
Pension at 63: According to Stiftung Warentest, an application is required
Earlier
pension
go - dream of many.
Stiftung Warentest
now has tips on who can
retire
from
63
without deductions.
What matters is the
pensions
not only the age -Einstieg.
Above all, the contribution years in the
pension insurance
count
.
In order
to be able to
retire
early
, however, an application must first be submitted to the Deutsche Rentenversicherung.
Stiftung Warentest
has summarized when this makes sense.
Retirement at 63: Stiftung Warentest explains - no deduction for many no longer possible
According to
Stiftung Warentest
, a deduction-free pension is possible from 45 years of insurance.
Then you are considered to be insured for a particularly long time.
Depending on the year of birth, insured persons between the ages of
63
and 65 can then
retire
without any deductions
.
Really at the age of
63
years in
retirement
could go here actually only persons who were born before the 1,953th
Even if no deductions are required from the particularly long-term insured, they receive
a lower
pension
due to the fewer
pension
points
they have collected
than if they had continued to work until they reached normal age.
However, according to
Stiftung Warentest,
these are
usually marginally higher payout amounts.
We think that's funny.
# early retirement #heuteshow pic.twitter.com/mwuPmXs7Rs
- ZDF (@ZDF) March 28, 2014
Retirement at 63: Stiftung Warentest reveals - These years count towards the insurance period required for the earlier retirement
According to
Stiftung Warentest, the
minimum insurance period to achieve the status of particularly long-term insurance is
45 years.
For a
pension
from
63
at the earliest
, these are necessary.
These times count in the 45 years:
Compulsory contributions from employment subject to social insurance
Mandatory contributions from self-employment
Unemployment benefit (ALG) I
In-company training
Child-rearing time
Caring for loved ones
Sick pay
continuing Professional Education
Short-time allowance
Military and community service
Bankruptcy money
Voluntary pension contributions count if there are compulsory contributions for 18 years
Don't count in time:
Unemployment benefit (ALG) II
Times during a pension adjustment
Pension splitting
Pension: According to Stiftung Warentest, the retirement age is moving away from 63
How
Stiftung Warentest
reported the shifts
pensions
-Eintrittsalter always by two months per year of birth.
People born before 1953 could retire at the age of 63 with the corresponding insurance years.
Especially long-term insured persons who were born in 1958 can
retire
at the age of 64
.
For those with at least 45 years who were born after the year 1964, one applies
pensions
-Eintrittsalter 65 years.
Retirement at 63: According to Stiftung Warentest, this costs the earlier entry into retirement
At the age of
63
you can also
retire
before you have 45 full insurance
years
.
According to
Stiftung Warentest
, 35 insurance years are enough to withdraw as a long-term insured.
If the insured retires earlier, not only are they missing earnings points, but they also have to pay deductions from the pension.
The
pension of
a long-term insured person is reduced
by 0.3 percent
per month that they are more likely to
retire
.
For each year that is more likely to be
retired
, the monthly payment is reduced by 3.6 percent.
Pension at 63: According to Stiftung Warentest, early retirees have to expect these discounts
Stiftung Warentest
(Stiftung Warentest tested digital cameras: Good cameras have * their price) is to remember that with each increase in the statutory
pensions
-Alters the early
retirement
more expensive.
Because the time for which a discount has to be paid is also extended.
The haircuts stay at the same level for a full length, they don't decrease, as many assume.
This costs the
pension
at
63
for insured persons who have 35 full contribution years (year of birth, deduction):
1951: 8.7%
1952: 9.0%
1953: 9.3%
1954: 9.6%
1955: 9.9%
1956: 10.2%
1957: 10.5%
1958: 10.8%
1959: 11.4%
1960: 12.0%
1961: 12.6%
1962: 13.2%
1963: 13.8%
1964: 14.4%
Stiftung Warentest: Pension for people with disabilities
How
Stiftung Warentest
reported people can already before the age of having a severe disability
63
years in
retirement
leave.
A prerequisite is also 35 years of premium payment.
For people with a disability over 50 percent of which is
pensions
-Eintrittsalter risen to 65 years.
People born before 1958 can still
retire
at the age of
63
and a few months
.
Stiftung Warentest: Pension for people with disabilities also 63 years ago
But it is also possible for people with severe disabilities to retire before the age of 63.
According to Stiftung Warentest, there are also down payments here.
This is 0.3 percent
per month that the insured is more likely to
retire
.
Stiftung Warentest tests on numerous consumer topics
The
Stiftung Warentest
primarily examines products.
Just in time for the start of the grill season, Stiftung Warentest took a close look at electric grill appliances *.
Apps are also not safe from the tests by Stiftung Warentest *.
Car-sharing apps were recently examined.
Many people ask themselves this question: wash your hair, but with which product?
Stiftung Warentest tries to shed light on the darkness in a test *.
The safety of children is a priority for many, and this also applies to riding in the car.
Stiftung Warentest has examined the seats * required for this.
The Stiftung Warentest also examined over-the-counter medicine for its suitability for children *.
Ibuprofen, Paracetamol and Nasivin were tested.
Some drugs could be dangerous for children.
* hna.de is part of the nationwide Ippen-Digital editors network
From Lucas Maier
List of rubric lists: © Christian Charisius / dpa