There will be no scheduled pension increase in 2021.
The reason is a lack of wage increases.
Even so, at least some retirees will get a small plus.
After years of pension
increases, the usual increase in old-age
pensions
in summer will not be available this year due to the corona crisis in western Germany *.
And in the
new federal states there
will only be a mini
increase of 0.72 percent
this year
.
As the German Press Agency (dpa) describes, there will only be
a
notice about the annual pension adjustment
for
pensioners with working hours in the new federal states
.
Those who have only worked in the
old federal states will
not receive a pension adjustment
notification
this year,
as the German pension insurance also reports.
Also read:
Will the pension really be enough later?
You shouldn't fall for that
Pension adjustment: notification only if the pension increases
When the increased pension is
paid to
pensioners in the new federal states
depends on the time when the pension starts: “Those who started paying pension by March 2004 will receive the pension bonus as early as the end of June of this year.
If the pension started in April 2004 or later, the plus will not be in the account until the end of July, ”the statement from the German pension insurance said.
The
pension adjustment
notifications will be sent out gradually from June 4, 2021 to July 27, 2021. The increased payment will be made automatically by the Deutsche Post AG pension service.
You can also read:
Basic pension: First notifications sent out from July - important information for many pensioners
"The pensions in the new federal states will rise by 0.72 percent this year, in the west there will be no increase," the German pension insurance company described the background in its announcement on May 20th. The plus in the pension is mainly based on the
development of the wages of
the employees in the past year. "Since there was
no increase
here due to the
corona pandemic
in 2020, pensions in the west cannot be increased this year. The pension guarantee protects pensioners from a reduction in their pensions. ”The pension increase in the new federal states results from the so-called adjustment staircase as part of the east-west adjustment of pensions.
(ahu) * Merkur.de is an offer from IPPEN.MEDIA.
Tax return guide
Many retirees have to file a tax return.
The consumer center NRW has published the pocket book “Tax return for pensioners and retirees 2020/2021” - among other things, there are step-by-step instructions through up-to-date forms and, for example, tips on tax saving.
Sources: German pension insurance, dpa
Also interesting:
Dispute over double taxation of pensions: Federal Fiscal Court announces important pension rulings on this date
The money before the euro: do you still know these EU currencies?
The money before the euro: do you still know these EU currencies?
This article contains affiliate links.
List of rubric lists: © Patrick Pleul / dpa