Pension and basic pension: what will change in July 2022
Created: 07/26/2022, 15:42
By: Sophia Lother
The federal government has decided to raise pensions.
Some pensioners are also entitled to the basic pension.
An overview.
Frankfurt-The consequences of the Ukraine War, Corona pandemic and inflation are becoming increasingly clear.
The rising food, electricity, gas and fuel prices make it difficult for many.
It is also becoming increasingly narrower for people who receive pension.
According to a Spiegel survey, six out of ten people in Germany are already reducing their spending.
For some seniors, the year 2022 could also have positive news.
Because the basic pension goes into the second round.
Together with a pension increase, it means financial help in difficult times.
Everything worth knowing at a glance.
Basic pension, pension and pension increases: what will change for pensioners in 2022
First of all, senior citizens can look forward to a significant increase in pension in July 2022.
Then the references in western Germany increase by 5.35 percent and 6.12 percent in the east of the country are planned.
This is significantly higher than before.
In 2021, Federal Labor Minister Hubertus Heil (SPD) spoke of 4.4 percent.
But the pension increase has already met with criticism.
The German trade union federation complained that the increase due to the so-called catch-up factor was lower.
And Union parliamentary group leader Sepp Müller (CDU) has already warned that inflation could nullify the increase.
Such an increase might not be enough, especially for people who only draw a small pension.
In order to help them, the federal government started the basic pension on July 1, 2021.
Pension increase from July 2022 | |
|---|---|
West Germany | 5.35 percent |
East of Germany | 6.12 percent |
Pension 2022: When will the basic pension be paid out?
“Until the end of 2021, in addition to the entitlements of retirees who are about to retire, the entitlements of those who receive social benefits such as housing benefit or basic security in old age were primarily examined.
Pensions that started before 1992 were also checked.
Here, too, the oldest years are checked first,” emphasizes the German pension insurance.
In 2022, pensioners are to receive more money from the statutory pension insurance again.
(Archive image) © Marijan Murat/dpa
This means that not all existing pensions have been recorded and assessed.
Some pensioners will therefore have to be patient.
An application does not have to be submitted, the check is carried out automatically.
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Pension 2022 changes: who is entitled to the basic pension?
Pensioners are entitled if they have at least 33 years
of basic pension
entitlement .
However, the full rate is only available if there are at least 35 years, according to the German pension insurance.
But what is meant by basic pension periods?
The German pension insurance lists the following aspects:
Mandatory contribution times from independence or work
Compulsory contribution times for care and child rearing
Times of illness or rehabilitation
Consideration times due to child rearing and care
Replacement times are also taken into account (e.g. times of military service, prisoner of war or political imprisonment in the GDR)
The level of income during working life also plays a role in the basic pension period.
The upper limit is that periods are not included when average earnings were more than 80 percent above the German average.
Basic pension 2022: Which pension is there an entitlement to the supplement?
In addition to the basic pension periods, the amount of the pension and the level of
income
are also relevant.
For example, single pensioners only get the full basic pension amount if their monthly income is less than 1250 euros.
In contrast, couples must not exceed 1950 euros.
“If the income is above that, 60 percent of the basic pension surcharge is counted.
From a monthly income of 1600 euros or 2300 euros for married couples, it is counted at 100 percent”, according to the German pension insurance.
The pension supplement can help pensioners to make ends meet better.
However, critics already emphasize that the basic pension with a height of around 418 euros (as a maximum amount) is far too low.
An experiment showed that even the increased pension is not enough for a retirement far from financial needs.
(Sophia Lother)
