As of: January 23, 2024, 3:03 p.m
By: Sebastian Horsch
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A senior couple on foot: A digital pension overview is intended to make the German pension system clearer.
© Jan Woitas/dpa
Anyone who thinks about their retirement sooner or later asks themselves the question: Am I well enough protected?
The digital pension overview is intended to provide answers.
Munich - Since last summer, everyone has been able to use a digital pension overview to check what they will get back from their statutory, company and private pension plans in old age - bundled at a glance and on one portal.
But how does that actually work?
And where are there still gaps?
We clarify the most important questions.
Digital pension overview – what is it?
Retirement planning is piecemeal work.
In addition to the statutory pension, many people have also acquired entitlements from company pensions or life insurance during their working lives.
The digital pension overview is intended to bring together these entitlements.
It can be accessed via all common internet browsers at www.rentenuebersicht.de.
The project is currently still in the pilot phase.
In doing so, Germany is following the example of Scandinavian countries, which have also gradually expanded the offerings that are now widely established there.
What requirements does the digital overview represent?
“The digital pension overview includes entitlements from statutory, company and private pension schemes,” the pension insurance company tells our newspaper.
In detail these are:
- Pensions from compulsory systems such as statutory pension insurance
- company pension schemes in the private sector (direct insurance, direct commitment, provident fund, pension funds and pension funds)
- Supplementary public service benefits
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- subsidized private pension provision (Riester pensions, Rürup pensions)
- private capital-forming life insurance with payouts starting at the age of 60
- Retirement provision contracts in the form of fund savings plans with payments starting at the age of 60
The guaranteed achieved values shown on the platform are already secured at the start of payment, even if no further contributions are paid in or the entitlement no longer increases due to interest, returns or pension adjustments.
The requirements to be achieved are also presented.
They are calculated based on the forecast of future contribution payments or based on realistically estimated interest rates, returns or pension adjustments - and are therefore associated with uncertainty.
Where are there still gaps so far?
The range of business and private insurance on offer looks a little more open-ended.
Although big insurer names such as Allianz, Continentale and Württembergische have come on board as data providers since the summer, others such as the investment company Deka are missing so far.
An overview can be found on the website www.
rentenueübersicht.de.
The portal is still under construction.
“This process will take some time,” says the pension insurance company.
What is deliberately not shown?
The overview does not show civil servant pensions and professional pension schemes.
This is also “not provided for by the legislature,” according to the pension insurance company.
Other pension options, such as ETF savings plans or building savings contracts, will also not appear in the overview in the future because they - like real estate or cash reserves - cannot be clearly assigned to retirement provision.
For these reasons, among others, no statement is made on the portal about whether there may be a risk of a gap in care in old age.
There is also no information about the amount of taxes or social security contributions that will be due when the payment is made, as, according to the pension insurance, this “depends too much on the personal situation and circumstances”.
In a more detailed view, however, there will be an indication as to whether taxes or social security contributions may in principle be incurred.
What do I have to do to get access?
If you want to use the digital pension overview, you can register once at www.rentenuebersicht.de and then just have to log in.
To register, you need an electronic ID card in credit card format (all ID cards issued since July 15, 2017 automatically include this function, but must be activated) with an associated PIN and a compatible reading device (e.g. an NFC-enabled one). smartphone or tablet).
The tax identification number is also requested.
It is conceivable that there will be a simpler procedure in the future.
“The Central Office for the Digital Pension Overview is currently examining whether other options for secure authentication can be offered,” says the pension insurance company.