![]() Germany currently has social security agreements with 20 non-EU/EEA/Switzerland countries, which are – Australia, Albania, Brazil, Bosnia and Herzegovina, Canada, Chile, India, Israel, Japan, Kosovo, Macedonia, Morocco, Montenegro, the Philippines, Serbia, South Korea, Tunisia, Turkey, Uruguay, and the United States. There are also bilateral agreements between EU, EEA, and non-EEA member states which make it possible to claim state pension payments from different countries. In some cases, your years worked in other EU countries can influence a higher German pension rate. The EU website explains it in detail. EU citizens can typically combine pension entitlements from two or more EU countries. If you don’t meet qualification periods in Germany but worked elsewhere in the EU, you may be eligible to use the total number of years worked within the EU to count towards qualifying for a pro-rata German pension. Details are available on the DRB website. In some cases, you may still qualify for a German pension even if you no longer live in Germany if you have contributed towards a pension scheme in Germany for five years or more. Pensions for expatsĮxpats working in Germany can participate in the German pension system if they meet the eligibility criteria. It may require a minimum qualification period of working and paying German social security for 5, 20, 25, 35, or 45 years.įor the standard old-age pension the minimum qualifying period is five years. This is dependent on the type of German pension you are applying for. Notably, you must have completed the qualifying insurance period – typically a set amount of months worked. There are conditions applicable to the German pension process. If you worked for a German employer who made contributions to the German pension fund (DRB) on your behalf, then you may be eligible for a German pension. The main state pension provider in Germany is the German Retirement Insurance Fund ( Deutsche Rentenversicherung Bund – DRB), which provides pensions for almost three-quarters of German citizens.Īdvertisement Who is eligible for a pension in Germany? The Federal Ministry of Health and Social Security oversees the German pension system. Private pensions – these are individual pension investment plans set up through banks and insurance providers to increase your total German pension entitlement when you reach pension age.Company or occupational pensions – known as betriebliche Altersvorsorge (bAV), these are private voluntary pension schemes offered by employers, which allow employees to bolster their German pension contributions for retirement.Contributions are redistributed to pay for existing pensioners rather than saved or invested. Participation in the German state pension is compulsory and paid by employees (via contributions to German social security, where a percentage of salary is paid), employees, and government subsidies. Mandatory state pension – known as the Public Retirement Insurance or Gesetzliche Rentenversicherung (GRV) in Germany.The three pillars of the German pension system are: However, an aging population and a system where the not-yet-retired pay for the retired means that pensioners now take a diverse approach to planning their retirement funding beyond the German state pension. Traditionally, many retirees in Germany relied on a generous statutory German pension. Similar to many countries, Germany operates a three-pillar German pension system with three different pension types. Regardless of whether you decide to retire in Germany or move to another country, you’ll have several decisions to make about your German pension contributions. The German pension system currently ranks 13th in the world according to the Global Retirement Index. Find out more The German state pension: three pillars
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