As of: January 30, 2024, 9:44 a.m
By: Sophia Lother
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Anyone who has to turn over every euro twice will be particularly annoyed.
In February, pensioners will not receive their money until a day later.
And there are more innovations to come.
Kassel – Pensioners have to prepare for an unpleasant change in February.
Because their pension will not end up in many people's accounts on the expected date, as usual, but a little later.
For many people in retirement, money is tight.
Pensioners who had a low income during their working lives are at a double disadvantage.
A study by the German Institute for Economic Research showed that lower income is often accompanied by lower life expectancy.
People with a low pension therefore receive it for a shorter period of time.
What pensioners need to consider in February.
© MANUEL GEISSER/Imago
Pension payout in February: What you should consider
Around 40 percent of pensioners in Germany receive less than 1,250 euros per month.
A postponement of the payment date, even if only slightly, can cause real problems for some people in their pension.
The year 2024 is a leap year, so February has 29 days instead of the usual 28 this year.
According to the German Pension Insurance, the pension is always paid out on the last banking day of the month.
Since the end of the month in February is during the week, the pension payout is affected by the current leap year.
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 |
Pension in February: All information for pensioners at a glance
A distinction is made here between an advance and an arrears pension.
The German pension insurance explains what the difference is.
Accordingly, pensions that began in April 2004 or later will be paid out in arrears.
People who became pensioners by March 2004 will receive payment in advance.
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Pension changes in 2024: What now applies to you as a pensioner
In addition, there will be further changes for pensioners this year.
Among other things, the retirement age has increased again.
In January 2024, the regular age limit for new pensioners rose to 66 years.
This applies to insured persons born in 1958.
In addition, the additional earnings limits in mini and midi jobs are increasing.
People with mini-jobs can then earn 538 instead of 520 euros per month in retirement.
The “lower limit for earnings from employment in the so-called transition area” is also increasing.
It will then be 538.01 euros instead of the previous 520.01 euros, explains the pension insurance.
There is currently no change to the upper limit, which is 2,000 euros.
The following applies to this transition area: The social security contribution share is reduced.
Something could also soon change when it comes to disability pensions.
(slo)