These nine myths are floating around about retirement
Created: 06/30/2022, 16:44
By: Carina Blumenroth
There are many myths about pensions in Germany.
Few know what is behind it.
There is information in the photo gallery.
1 / 10When retirement is imminent, many questions arise.
How long do you have to have worked?
How is the pension taxed?
These are just a few questions you might be asking yourself.
Here you get the answers.
© Imago
2 / 10Myth 1: Retirement comes automatically.
That's not the case.
You have to apply for the pension in writing at the statutory pension insurance at an early stage.
© Birgit Reitz-Hofmann/Imago
3 / 10Myth 2: In addition to your pension, you can earn unlimited money.
That's not true, there is a limit.
Anyone who retires earlier or is unable to work can earn up to 6,300 euros a year.
If you earn more, this can be offset against your pension.
© Imago
4 / 10Myth 3: The amount of the pension is made up of the last years of work.
That is not right.
The pension amount is calculated from the entire insurance life.
© O. Diez/Imago
5 / 10Myth 5: A rehabilitation stay reduces the pension.
This myth is not true.
The opposite is the case.
In rehabilitation, the compulsory contributions are paid by the pension insurance at 80 percent of the past gross salary.
This increases future pension entitlements.
© Hodei Unzueta/Imago
6 / 10Myth 6: Only women are entitled to a survivor's pension.
That's not true.
Although the widow's pension is better known, men also receive a widower's pension.
Men and women have had equal rights in pension insurance since 1986.
© Sabine Brose, Frank Sorge/Imago
7 / 10Myth 7: After 45 years in the job, you can retire at the age of 63.
That is only partly true.
Anyone who has been in the workforce for so long can generally retire earlier.
However, the retirement age is pushed back depending on the year of birth.
© Imago
8 / 10Myth 8: Only someone who has worked for 15 years is entitled to a pension.
That's wrong.
The minimum insurance period for the standard old-age pension is five years.
© Rüdiger Wölk/Imago
also read
Retirement at 63: These cohorts have the most deductions
Changes in pension, tax and Hartz IV bonus: From July, almost all citizens will have more money
9 / 10Myth 9: The pension does not have to be taxed.
That's wrong.
In principle, income tax or wage tax must be paid on the pension.
The money is currently not fully taxed.
The percentage depends on when you retire.
© Imago
10 / 10Myth 10: If you get an East pension and move to the West, you get a West pension.
That's not true.
The retirement pension is calculated once based on the earnings points earned at the place of employment.
The place of residence is irrelevant.
The change of residence is also irrelevant for pension increases.
© Imago
