As of: February 7, 2024, 8:21 p.m
By: Marcel Reich
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German pensioners have something to look forward to: there is a prospect of a significant increase in salaries in 2024.
How much more there will be for you as a result.
Berlin – Good news for all pensioners: According to an official estimate, pensions in Germany will be increased by 3.5 percent next summer.
This emerges from the draft report on the federal government's pension insurance.
The
dpa
and the
Bild newspaper
reported previously.
When asked on Wednesday, a spokesman for the Federal Ministry of Labor and Social Affairs said that the report was currently being coordinated by departments. However, the final value for the increase by July 1, 2024 has not yet been determined and will not be determined until spring.
Pensions are adjusted annually in the summer, taking into account wage developments in the country.
The forecast for the coming year is therefore below the level of the increase from which around 21 million pensioners benefited on July 1st of this year.
At that time, pensions were increased by 4.39 percent in the west and 5.86 percent in the east.
Since the pension value in the new federal states was adjusted to the level in the West with this measure, the annual adjustment will be made uniformly in the future.
How much more pension you can expect from July 2024
Current pension |
Pension from July 2024 |
700 euro |
724.50 euros |
1000 Euro |
1035 euros |
1200 euros |
1242 euros |
1400 euros |
1449 euros |
1700 euros |
1759.50 euros |
But there is bad news for new retirees
However, there are unfavorable prospects for newly minted pensioners: pension levels are showing a slight downward trend.
This emerges from a response from the Federal Ministry of Labor and Social Affairs to a request from the Left in the Bundestag, as the
RND newspapers
reported at the weekend.
Slight decline in the pension level for new pensioners According to the German Pension Insurance (DRV), pensioners who retired in Germany in 2022 received an average of 1,084 euros per month, which is 15 euros less than those who already received pension benefits beforehand.
The differences become even clearer when one distinguishes by gender: According to the
RND
report, a new male pensioner with an average of 1,275 euros per month receives 98 euros less than a pensioner who already receives 1,373 euros.
For new pensioners in the old federal states, however, there was a monthly increase of 20 euros compared to pensioners who are already retired, while in the new federal states the salaries of new pensioners would decrease - even though they receive a higher pension on average than women in West Germany.
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Dietmar Bartsch, parliamentary group leader of the Left, described the state of the statutory pension as “very worrying”.
He told the editorial network Germany (RND): “If new pensioners have less money in their pockets than existing pensioners, that is a fatal development.” Pensions are not stable, as Chancellor Olaf Scholz (SPD) claims, but the trend is downward , Bartsch continued.
People with low wages and insecure work, particularly in the East in the 1990s, would increasingly enter retirement and reduce pension levels.
With material from dpa.