Five years are enough to apply for a pension.
However, the entry age is decisive and can cause deductions in the time as a pensioner.
Hamburg – Retirement is a difficult topic.
On the one hand, it is hardly enough for many people to live on because of the record-breaking inflation, on the other hand, the retirement age without deductions continues to increase.
Only those who have fulfilled a certain waiting period are entitled to a pension.
If you have not paid enough months of contributions to the German pension insurance, you will get nothing in case of doubt.
The increase in the pension in 2023, the state subsidies for pensioners or the deletion of the additional income limit will not help either.
How many years it takes to be entitled to a pension and how much money is lost if the normal retirement age has not yet been reached.
power | pension |
entitlement to a pension | after 5, 20, 25, 35 or 45 years |
Retirement age for those born after 1964 | 67 years |
Deductions for early retirement | 0.3 percent per month |
Limits for the pension: You must have paid into the pension insurance for at least that long
In order to be entitled to a pension, one must have paid into the pension insurance for a certain number of months, also known as the waiting period.
This is reported by 24hamburg.de.
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If you want to retire early, you have to reckon with deductions - even if the contribution years have been fulfilled.
(24hamburg.de assembly)
© Patrick Pleul/dpa & IMAGO Images/Zoonar
5 years:
The general waiting period is 5 years, i.e. 60 months in which contributions have been paid.
After five years, there is an entitlement to a standard old-age pension upon reaching retirement age, entitlement to pensions due to partial or full disability and pensions in the event of death, for example the widow's or widower's pension.
The contribution months also include spare times, for example times of political persecution in the former GDR.
20 years:
Anyone who pays into the pension fund for 20 years (240 months) is entitled to a full disability pension if the disability occurs before the end of the general qualifying period and is uninterrupted.
Here, too, replacement times such as those of political persecution are taken into account.
25 years:
The 25-year waiting period must be completed if mining workers wish to apply for early retirement.
The old-age pension for miners who have worked underground for many years and the pension for miners over the age of 50 can be applied for after these 300 months.
For the calculation of the waiting months, replacement times related to the miners' association (association of miners) are also taken into account.
35 years:
The waiting period of 35 years is the known limit for old-age pensions for long-term insured persons.
After these 420 months, there is an entitlement to an old-age pension and to an old-age pension for severely disabled people.
Here, too, the contribution months include substitute periods, as well as periods of illness, pregnancy, periods of unemployment, periods of school education or child-rearing periods.
45 years:
Anyone who has paid into the pension fund for 540 months is entitled to an old-age pension for those who have been insured for a particularly long time.
Waiting period fulfilled: pension without deductions only after retirement age
The pension limits, which people always talk about, are 35 and 45 years for long-term and particularly long-term insured persons.
If these waiting times have been met, certain cohorts can take early retirement without deductions.
However, the retirement age for consumers also plays a role, and it is constantly being raised.
By 2031, the retirement age will be raised to 67.
For pensioners who were born after 1964, a standard retirement age of 67 years applies - even if the insurance period of 5, 20, 25, 35 or 45 years has already been completed.
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This means that even those who paid into the pension insurance under the age of 35 or 45 are entitled to a pension, but can only apply for it at the respective retirement age and not after five years of paid contributions.
Anyone who has been insured for many years or for a particularly long time can also retire before the respective retirement age, but must then expect deductions.
These amount to 0.3 percent per month that the applicant retires earlier.
Anyone who applies for a pension a year earlier, for example, accepts a monthly pension loss of 3.6 percent.
The maximum discount is 14.4 percent.
List of rubrics: © Patrick Pleul/dpa & IMAGO Images/Zoonar
