When to retire?
These cohorts are allowed to retire before 67
Created: 07/16/2022, 05:00
By: Janine Napirca
Are you already enjoying your well-deserved retirement or are you still counting down the months or even years until you can retire?
Your retirement age
changes depending on when you were born
.
You can
read below
about those born before the age of 67 without any deductions .
When do you want to retire?
Have you already considered the question of how much longer
you have to work before you can retire
?
If you are already counting the months or even years until you retire, you are not alone!
Many people in Germany long for the day when they can finally give up their job and enjoy their well-deserved retirement.
But when can I retire?
The answer mainly depends on your year of birth.
You can read here what deductions threaten your pension at 63.
Whether you can retire before the age of 67 depends on the year you were born.
© Florian Schuh/Imago
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These cohorts are allowed to retire before the age of 67
The age limit for the standard old-age pension without deductions will be gradually raised to 67 years by 2029, as reported by the German pension insurance.
Since the birth of 1947, the standard retirement age has been raised by one month per year until 2023.
For example, if you were born in 1956, you can retire at the age of 65 years and ten months without any deductions.
From 2024, the retirement age will be raised in 2-month increments, starting with those born in 1959, according to the German pension insurance.
So everyone who was born before 1963 can retire before the age of 67.
Anyone born in 1964 or later usually has to work until the age of 67.
According to Labor Minister Hubertus Heil, there should be no retirement at 70.
The following age groups are allowed to retire before the age of 67:
Year of birth | retirement age |
|---|---|
1956 | 65 years, 10 months |
1957 | 65 years, 11 months |
1958 | 66 years |
1959 | 66 years, 2 months |
1960 | 66 years, 4 months |
1961 | 66 years, 6 months |
1962 | 66 years, 8 months |
1963 | 66 years, 10 months |
also read
Basic allowance increased since July 1: When do pensioners have to submit a tax return?
Retirement at 63: These cohorts have the most deductions
These nine myths are floating around about retirement
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Exception: Who does not have to work until 67, but may retire earlier?
As is well known, exceptions confirm the rule, because the retirement age will not be raised to 67 for all pension insured persons.
For example,
particularly long-term insured
persons who have paid into the pension insurance for at least 45 years - not only working years count towards the insurance period, you can also have childcare or the care of relatives taken into account - according to the German pension insurance, they are entitled to an old-age pension.
According to the report,
even
severely disabled people do not have to work until the age of 67.
For them, the standard retirement age will be gradually raised from 63 to 65.
There is also a special regulation for
miners who have been employed underground for many years
: anyone born after December 31, 1951 will have their retirement age increased in stages to 62.
And even those who are too ill can retire earlier – keyword: disability pension.
(jn)
