The Limited Times

Now you can see non-English news...

Pension: Millions of retirees in Germany can probably hope for an increase in 2022

2021-11-03T11:12:44.780Z


The corona pandemic gave pensioners in Germany a zero round. What can you expect in the coming year?


The corona pandemic gave pensioners in Germany a zero round.

What can you expect in the coming year?

Due to the corona pandemic, an increase in salaries for pensioners has recently not been achieved. In the west there was a zero round *, in east Germany an increase of 0.72 percent.

According to reports, an increase is in sight again in

2022

. As reported by the German Press Agency (dpa), around 21 million pensioners in Germany can expect a sharp increase in their salaries

in the coming year

: According to

official estimates

,

pensions

in July in West Germany will be 5.2 percent and in the East by 5.9 percent, according to information from the German Press Agency from the

draft pension insurance report

Will emerge in 2021.

The German pension insurance wanted to inform the public on Wednesday about the financial forecasts, dpa had also reported on Tuesday (November 2nd).

The dpa report from Tuesday evening also said: If the pension increase is now estimated, a monthly pension of 1,000 euros, based only on western contributions, increases by 52 euros as of July 1, an equal pension with eastern contributions by 59 euros.

Pensions are expected to rise by more than five percent

This means that pensions in West Germany are likely to rise more sharply than they have been in almost 40 years, dpa described on the basis of the estimates mentioned.

“In 1983 there was an increase of 5.59 percent.

In eastern Germany, pensions last rose in 2016 with an increase of 5.95 percent at a level comparable to that in 2022. "

Also read:

Do you want to retire earlier?

Then you have to pay so much money for it

Pension: Probably also in 2023 increase in earnings "according to current estimates"

As dpa writes, there

will

also

be

“a significant increase in salaries according to current estimates” in

2023

.

In the west, pensions could then rise by 4.9 percent, in the east by 5.7 percent.

However, the assumptions on economic development and thus also on pension finances are characterized by uncertainty, since the development depends on the effects of the pandemic.

According to the dpa, the information comes from the pension insurance group, which consists of pension insurance experts, the Federal Social Security Office and the Federal Ministry of Labor.

For the final assessment of the pension finances, the results of the tax estimate have to be awaited.

According to the dpa, you are expected next week.

Also interesting:

Statutory pensions are often not enough to secure living standards - according to the study

What pension estimates have been assuming so far

According

to the dpa, the

pension estimates

assume that the pension fund reserve will increase slightly this year. A sustainability reserve of around 37.2 billion euros is estimated for the end of the year. This corresponds to just under 1.6 monthly expenses, according to the report; At the end of 2020 it was 37.1 billion. It should be noted that “the statutory pension insurance has survived the pandemic very well so far”, according to the draft of the pension insurance report, according to the dpa.

Also

Tagesschau.de

had reported on Tuesday evening about relevant reports of the news agencies dpa and AFP.

According to the preliminary calculation, the contribution rate should remain stable at the current value of 18.6 percent until 2023, the portal said.

By 2035 it should increase to 22.3 percent.

(ahu) * Merkur.de is an offer from IPPEN.MEDIA.

Source: merkur

All life articles on 2021-11-03

You may like

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.