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Retire at 63: Early retirement is becoming increasingly popular - and costs the state a lot of money

2022-01-25T11:15:51.557Z

Retire at 63: Early retirement is becoming increasingly popular - and costs the state a lot of money Created: 01/25/2022, 12:10 p.m By: Patricia Huber More and more people are retiring early. © Michael Gstettenbauer/Imago Images More and more people are retiring early. But this results in high costs for the tax authorities. Berlin – The standard retirement age* will be gradually increased unt



Retire at 63: Early retirement is becoming increasingly popular - and costs the state a lot of money

Created: 01/25/2022, 12:10 p.m

By: Patricia Huber

More and more people are retiring early.

© Michael Gstettenbauer/Imago Images

More and more people are retiring early.

But this results in high costs for the tax authorities.

Berlin – The standard retirement age* will be gradually increased until 2029.

From the birth year 1964 the limit of 67 years applies.

But there are also ways to retire earlier.

For example, anyone who has paid into the pension fund for at least 45 years can retire* – without deductions.

This is then called “pension for particularly long-term insured persons”.

Retirement at 63: Who is allowed to leave when

This pension model is also often referred to as “pension at 63*”, because anyone born before 1953 could retire at the age of 63 with this model.

The entry age was gradually raised for all younger cohorts.

You can find an overview here:

Year of birth

age limit

before 1953

63 years

1954

63 years and two months

1955

63 years and six months

1956

63 years and eight months

1957

63 years and ten months

1958

64 years

Retirement at 63 increasingly popular - high cost for the state

As the

image

now reports, more and more people are taking advantage of “early retirement”.

In 2021, 254,337 new applications for the pension for particularly long-term insured were approved.

In the previous year it was 2.5 percent less.

Since it was introduced in 2015, 1.74 million people have taken advantage of this pension model.

Originally, the federal government had only expected 1.4 million, i.e. 340,000 fewer.

Insured persons who receive this pension have logically also paid in for a very long time and thus also receive a high monthly pension.

On average, this is 1,547 euros per month - which of course costs the state a lot.

According to Bild

, the total expenditure for the pension without

deductions

increase to over three billion euros per month in the spring.

(ph) *Merkur.de is an offer from IPPEN.MEDIA.

Source: merkur

All news articles on 2022-01-25

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