retirement
These years get the lowest pensions in Germany
The legal pension is usually not enough to live well. However, some vintages get so little that it is hardly enough to secure the existence. These years of birth are affected.
The pension height of a person in retirement is individual and dependent on various aspects. It is therefore difficult to generalize which vintages have particularly high or low pensions.
Each year has the same retirement age limit, i.e. the age in which you can retire without discounts. However, the acquisition biographies within one year differ greatly.
Determining it and disadvantaged vintages is difficult. However, the development of the pension level can be considered to approach.
Step 1: Find low pension levels
Since absolute pays little about how much the pension was worth in the year of payment, the pension level is better than the average pension to determine the vintages with low pensions.
The pension level shows the relation between a standardized pension (45 years of contribution payment based on an average income) and the average income of an employee.
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The pension level was particularly low, especially in the 2010s:
- 2015: 47.7 percent
- 2014: 48.1 percent
- 2016: 48.1 percent
- 2018: 48.1 percent
In these four years, the standard pension in relation to the average income was more low than ever. In order to determine the associated vintages, the year must be taken back to the year of pension. The standard age limit is used for this.
Step 2: Determine the year of pension
The insured person born before January 1, 1947 represents the completion of the 65th year of life the standard age limit.
In the case of insured persons from 1947 to 1963, the limit is between 65 and 67 years. Insured persons of the 1964 and younger born reaches the standard age limit at the age of 67.
The exact time for the respective year of birth can be found in the following table:
| Before 1947 | 65 | until December 31, 2011 |
| 1947 | 65 + 1 month | 02.2012 - 01.2013 |
| 1948 | 65 + 2 months | 03.2013 - 02.2014 |
| 1949 | 65 + 3 months | 04.2014 - 03.2015 |
| 1950 | 65 + 4 months | 05.2015 - 04.2016 |
| 1951 | 65 + 5 months | 06.2016 - 05.2017 |
| 1952 | 65 + 6 months | 07.2017 - 06.2018 |
| 1953 | 65 + 7 months | 08.2018 - 07.2019 |
| 1954 | 65 + 8 months | 09.2019 - 08.2020 |
| 1955 | 65 + 9 months | 10,2020 - 9:20221 |
| 1956 | 65 + 10 months | 11,2021 - 10.2022 |
| 1957 | 65 + 11 months | 12,2022 - 11,2023 |
| 1958 | 66 | 01.2024 - 12.2024 |
| 1959 | 66 + 2 months | 03.2025 - 02.2026 |
| 1960 | 66 + 4 months | 05.2026 - 04.2027 |
| 1961 | 66 + 6 months | 07.2027 - 06.2028 |
| 1962 | 66 + 8 months | 09.2028 - 08.2029 |
| 1963 | 66 + 10 months | 11,2029 - 10.2030 |
| From 1964 | 67 | From January 1, 2031 |
The four years with the lowest pension levels include the following birth year:
- 2015: 1949
- 2014: 1948
- 2016: 1950
- 2018: 1952
Statistically speaking, pensioners who were born in the late 1940s and in the early 1950s receive the lowest pensions.
The actual pensions that enter into the accounts of these years are only partially depicted. As already shown: the individual pension amount of a person is decoupled from the year of birth. Rather, four other factors determine the amount of their own pension.
You can read how your individual pension is composed and how you can influence the height.
LPB
Source: Stern
