As of: February 16, 2024, 11:53 a.m
By: Nico Reiter
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Most people receive a pension of well under 2,000 euros.
It could only work with a lot of planning and a certain income, as a calculation example shows.
Frankfurt – In 2022, the average pension for people newly retiring will be 1,084 euros per month.
The pension will be increased in summer 2024.
Nevertheless, a pension of 2,000 euros remains an impossible dream for many retired people.
The exact pension amount depends on various factors.
A calculation example illustrates how it would theoretically be possible to receive 2,000 euros a month in retirement.
2000 euro pension possible?
– This is how the pension formula is made up
The pension formula is needed to calculate the individual amount.
A brochure from the German Pension Insurance explains that it is made up of earnings points, the access factor, the current pension value and the pension type factor.
The annual salary is set in relation to the average salary of all other employees, which results in the salary point value.
The access factor takes into account deductions or surcharges that result from the retirement date.
The current pension value determines the amount of money owed per earnings point.
The pension type factor refers to the type of pension claimed, which can be, for example, a retirement pension or a disability pension.
Many people want 2,000 euros in retirement © dolgachov/Imago
This is how the pension is calculated – salary points are decisive
In order to achieve a monthly pension of over 2,000 euros, the salary points play a crucial role.
The corresponding salary points must be determined for each year in which contributions were paid.
Your own earnings taken into account are divided by the average earnings of all employees, which results in the earnings points for the respective year.
The points from all years are then added together.
Parents add two and a half pay points for each child born before January 1, 1992 and three pay points for each child born after this date.
The earnings points can then be used in the pension formula.
The calculation refers to employees in the old federal states.
If insured people have also worked in the new federal states, they will receive additional pay points that are calculated and evaluated differently.
Calculation example: How do you get a monthly pension of 2,000 euros?
An example calculation from the focus.de
portal
shows how it would be possible to achieve a pension of 2,000 euros or more.
A man, born in 1970 and working since 1988, earned 4,100 German marks gross at the beginning of his career.
His salary was increased by one percent every three years until 2011, so that he earned between 2,100 euros and 2,692 euros gross per month.
Since 2013, he has been earning 4,800 euros gross per month as a manager.
Since then, his salary has increased by one percent annually.
The man in the example will retire in 2033.
Until then, he can collect 51 earnings points from his salary, which, despite his high salary, results in a monthly pension of “only” 1,917 euros.
He didn't reach the 2000 euro mark.
If he has raised two children, the number of earnings points increases to 56, which would give him a monthly pension of around 2,105 euros.
It is not easy to achieve a monthly pension of over 2,000 euros.
According to
focus.de,
the salary should consistently be almost a third above the average.
Even people who retire early have little chance.
According to the federal government, a full 95 percent of pensions in 2021 were below 2,000 euros.
At the end of 2022, only 250,000 pensioners were able to receive a statutory pension of more than 2,400 euros per month.
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