Anyone who has been insured for 35 years or more can look forward to a significant percentage increase in their pension. Newcomers benefit especially in the east.
The pensions of many long-term insured people have risen by an average of a third over the past ten years. The German pension insurance announced on Thursday.
In 2020, the average pension for people who have been insured for 35 years or more and are new to old-age pension rose to around 1290 euros. Ten years earlier, the pension was 962 euros – that’s an increase of 34 percent. In the east, the increase in new entrants was even 50 percent, in the west 29 percent. Initially, the editorial network Germany (RND) reported on it.
“This positive development strengthens the statutory pension as a central pillar of old-age insurance in Germany,” said a spokesman for the German Pension Insurance Association in Berlin. The reason for the increase is the relatively high pension adjustments in recent years.
According to the pension insurance, the proportion of pensioners who have been insured for at least 35 years has increased in recent years. In 2010, 65 percent of new entrants to old-age pensions had been insured for at least 35 years – ten years later, 72 percent. This is mainly due to the fact that more West German women are employed longer.
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