Pension insurance expects significantly higher pensions

by time news

RAccording to the assessment of the pension insurance, retirees in Germany can expect a significant increase in their salaries in the coming year. “I assume that the increase will not be made up to a certain extent in the coming year and that the pensioners will get a decent plus in 2022,” said the President of the German Pension Insurance Association, Gundula Roßbach, the newspapers of the Funke media group.

“We won’t know how much more it will be until next spring, because we have to look at wage developments throughout 2021.” And it is currently not possible to estimate how the fourth corona wave will affect the economy and the labor market. “Therefore, concrete predictions are dubious at this point in time.”

This year there was a zero round for pensioners in the west due to the corona slump. In the new federal states, pensions rose by around 0.7 percent as of July 1.

The development of pensions is linked to wages. These had decreased on average in the Corona year 2020. Since a “statutory pension guarantee” ruled out a reduction in pensions, salaries stagnated in the West. In the east, however, they rose slightly because the pension value will gradually be brought into line with that in the west by 2024.

Large discrepancy between pensions and civil servants’ pensions

82 percent of the statutory pensions amount to less than 1500 euros. In contrast, 95.1 percent of pensions for federal civil servants are over 1500 euros. This emerges from a response from the Federal Ministry of Labor to a request from the Left, which is available to the RedaktionsNetzwerk Deutschland (RND).

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