Retiring earlier: this is how much you have to pay to make this dream come true

Insured persons who meet the conditions for an early retirement pension with deductions can retire before they reach the regular retirement age. 

Get out of your job earlier and instead travel more often in old age or finally pursue all of your hobbies.

Quite a few employees have this wish.

However, if you want to retire early, you either have to accept less pension *.

Or you can offset the deductions with voluntary contributions.

And that goes into the money depending on the contribution years.

Here is some basic information about the "early retirement" from Stiftung Warentest:

• Claim:

  “Not everyone has to work until their regular retirement age.

  With enough contribution

  years

  , many can go into early

  retirement

  from 63 ”, says the article on

  Test.de.

• Discounts:

  According to the experts, with at least 45 years of contributions, you can retire earlier “without a

  discount

  - that is, without a pension reduction”.

  Those who only have at least 35 years of age have to reckon with "losses".

• Age:

  The retirement age for the deduction-free pension with 45 insurance years increases for each year, it says on

  Test.de

  : “For the 1957 year it is 63 years and ten months.

  For the pension with deductions after 35 years of insurance, the age remains 63 years. "

You can also read:

Early retirement: compensate for deductions with special payments

Insured persons who meet the requirements for an early retirement pension with deductions can retire before they reach the regular age limit, informs the Deutsche Rentenversicherung. However, the pension is then lower:

that you draw the pension earlier, you accept a

." These discounts can be offset with special payments.

"On request,

receive a special pension information to compensate for the pension reduction from their pension insurance company", it says in the announcement of the German pension insurance from November 24th.

"It provides information on the amount of the pension at the desired early retirement age, the amount of the resulting pension reduction and the amount that can be paid to compensate for the reduction in pension."

Also interesting

Insured persons decide on the amount of the deposit

Good to know: “The

.

This means that the pension deductions do not have to be offset in full.

After receiving the pension information, the insured can decide for themselves whether and how much they want to pay in. "

Anyone who does not retire early afterwards will receive a correspondingly higher pension for the additional contributions.

Important to note: "If you run out of money, the voluntary contributions paid cannot be reimbursed."

The experts at the Deutsche Rentenversicherung give an example calculation: “An employee wants to retire two years before the statutory retirement age that applies to him.

With a pension of 1,000 euros (gross), his monthly pension would decrease by 7.2 percent or 72 euros.

to fully offset the discount would currently cost around 17,100 euros in the old federal states and around 16,500 euros in the new federal states.

This special payment can now be made in full or in part. "

The

you must apply to the German Pension Fund, as one of the specific information in the article on

The pension insurance also advises on retirement and checks the respective entitlement.

Sources: Communication from Deutsche Rentenversicherung, Test.de

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