The normal retirement age will be raised to 67 by 2031.
With a few tips and tricks, however, consumers can retire sooner.
Hamburg – In 2023, consumers in Germany will still be able to retire at the age of 65.
By 2031, however, the standard retirement age will be gradually raised to 67 years.
With a few tips and tricks, you can retire earlier.
This is reported by
24hamburg.de
.
Social insurance: | German pension insurance |
Founding: | October 1, 2005 |
Insured: | 56.7 million (December 31, 2020) |
Pensioner: | 21.2 million (as of July 1, 2022) |
You can retire earlier with a few tricks: Consumers need to know that
Consumers in Germany have mixed feelings about the prospects for future pensions.
The regular old-age pension will be increased to 67 years by 2031.
Early retirement is only possible for a few cohorts.
Consumers are often only entitled to early retirement for health reasons.
With a few tips and tricks, however, it is also possible to retire before the age of 67.
Among other things, consumers in Germany are able to continue working while receiving a pension.
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With a few tips and tricks, consumers can retire before the statutory retirement age.
© Imago (symbol image)
Then you can even go into semi-retirement at the age of 55 – as long as your own company offers such a structure.
In the so-called “block model”, you can continue to work in the first half of semi-retirement as you did before you received it.
In the second half, you will be released from work – but often with a reduced wage.
In the other method, the working time is reduced evenly.
Anyone who is 55 years old and has worked subject to social insurance contributions for at least three years in the five years prior to partial retirement can apply for partial retirement.
Early retirement: There are other options for earlier retirement
Retirement is different for consumers who are not subject to compulsory pension insurance.
These include above all freelancers as well as civil servants and temporary soldiers.
"A change to self-employment can also mean a self-determined job exit," BILD quotes an expert as saying.
This applies to everyone who has not yet paid into the pension insurance for five years.
When they get old, pensioners often think about emigrating abroad.
The cost of living is usually lower there.
These are the best countries to emigrate for retirees.
An earlier retirement with sometimes significant deductions is then tolerable and affordable for many consumers.
These options exist for earlier retirement:
Partial retirement from the age of 55
Change to self-employment
Emigrate to other countries - pension can then be received early with deductions
Severe disability from 50 percent (pension possible at the age of 62)
Women can retire at 60 (born before 1952, at least 15 years of contributions)
Be a career soldier (retirement is sometimes possible at the age of 41)
In order to receive a pension from Germany abroad, the country must have a social agreement with Germany.
There are many other ways to retire earlier.
From a severe disability of 50 percent, a pension at the age of 62 is possible if consumers were born after 1963 and can show 35 years of insurance.
Women can even retire at the age of 60 if they were born before 1952 and have at least 15 years of contributions - ten of them between the ages of 40 and 60.
Some career soldiers can already retire at the age of 41.
List of rubrics: © Imago (symbol image)
