It had been suggested - now it is certain: Pensioners in western Germany will not receive a pension increase this summer for the first time in years.
Update from March 18, 2021:
After years of pension
increases, the increase in old-age
pensions
, which is otherwise common in summer, will not be available this year due to the corona crisis in western Germany
.
In the east there will only be a mini increase of 0.72 percent.
The Federal Social Minister Hubertus Heil (SPD) announced a report by the German Press Agency (dpa) on Thursday.
With a time lag, the crisis is now also affecting pension adjustments, said the SPD politician.
Last year there was initially another strong increase of 4.2 percent in the east and 3.45 percent in the west.
For the last time it happened in
2010 - in the year after the financial crisis
- that a pension increase was canceled, as dpa also reported: Since then, the pensions have increased every year.
The basis for the annual adjustment is, among other things, the wage development in the previous year.
The calculation is based on data from the Federal Statistical Office.
Accordingly, the relevant wage development in the West last year was -2.34 percent.
Mathematically, this would even result in a reduction in pension.
However, this is ruled out by a statutory pension guarantee.
Salaries therefore remain at the current level in the West.
"Even and especially in times of crisis such as the current Covid-19 pandemic, pensioners can rely on the statutory pension," said Heil according to the dpa.
No pension increase in the west - mini-increase in the east
The fact that pensions in the east are rising slightly, unlike in the west, despite the crisis
, is due to the so-called adjustment staircase, as dpa also writes: By 2024, the pension value in the east will gradually be adjusted to that in the west until it is the same.
Article dated November 5, 2020:
According to a report,
pensioners in West Germany will
have to be prepared
for a
zero round
in
2021
because of the
corona crisis *
.
In the east, on the other hand, pensions are expected to rise by 0.72 percent.
According to a report by the news portal "ThePioneer", this emerges from the draft of the 2020 pension insurance report, as reported by the German Press Agency (dpa) on Wednesday (November 4, 2020).
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These are the forecasts for pensions in West and East Germany
The Chairman of the Federal Pension Insurance Board, Alexander Gunkel, announced in June that pensions in the West are unlikely to rise.
Due to the legal east-west alignment, there will be an increase of at least 0.7 percent in the east, writes dpa.
According to the pension insurance, the June information was based on the annual summer estimate of the figures, and the information from the pension insurance report was based on the autumn estimate.
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You shouldn't fall for that
According to the aforementioned report, the government expects a
decline in gross wages and salaries, which are relevant for pension insurance, by 1.0 percent in the current year
, dpa also writes.
For the next few years, however, considerable increases in retirement benefits are expected
.
“By 2034, pensions will increase by a total of around 32.2 percent.
That corresponds to an average rate of increase of 2.3 percent per year, "it says according to" ThePioneer "in the document.
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