As of: January 30, 2024, 10:35 a.m
By: Sophia Lother, Romina Kunze
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In February, pensioners have to prepare for an unexpected change: payments will be made later than usual.
What it's all about.
Munich – One or two retirees may look at their account balance in surprise at the end of February.
Because this month the money for pensioners is coming a little later than usual.
It's only about one day.
This can become a serious problem for people who only receive a small pension anyway.
You should therefore plan for this day early enough.
What you should know about pension payouts in February
Retirees who had a low income while working are even doubly disadvantaged.
A study by the German Institute for Economic Research has shown that lower income is often associated with a shorter life expectancy.
People with a low pension therefore often receive it for a shorter period of time.
What pensioners need to consider in February.
© Michael Gstettenbauer/Imago
In Germany, around 40 percent of pensioners receive less than 1,250 euros per month.
Even a slight postponement of the payment date can therefore cause serious problems for some pension recipients.
2024 is a leap year, so February has 29 days on the calendar page instead of the usual 28 days.
The German pension insurance always pays out the pension on the last banking day of the month.
Since the end of the month in February falls on a weekday, the current leap year affects the pension payout.
The payout dates for the months January to March at a glance:
Month |
Pension payment (advance/arrears) |
|---|---|
January |
12/29/2023 / 01/31/2024 |
February |
01/31/2024 / 02/29/2024\t |
All important information about pensions in February
A distinction is made between an advance and an arrears pension.
The German pension insurance explains the difference.
Pensions that began in April 2004 or later will be paid out in arrears.
People who retired by March 2004 will receive the payment in advance.
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What you as a pensioner should know about the pension changes in 2024
There will also be further changes for pensioners this year.
For example, the retirement age has increased again.
In January 2024, the regular age limit for new pensioners was raised to 66 years.
This applies to insured persons born in 1958.
In addition, the additional earnings limits for mini and midi jobs are increasing.
People who have a mini-job in retirement can then earn 538 euros instead of 520 euros per month.
The “lower limit for earnings from employment in the so-called transitional area” also increases.
It will then be 538.01 euros instead of the previous 520.01 euros, according to the pension insurance.
However, the upper limit remains at 2000 euros.
The following applies to this transition area: the share of social security contributions is reduced.
The editor wrote this article and then used an AI language model for optimization at her own discretion. All information has been carefully checked.
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