Feb 24, 2012

20 Million Pensioners in the Public Pension

On 1 July 2010 have been paid under the statutory scheme nearly 25 million pensions to around 20 million pensioners. Compared to the previous year, an increase of almost 89 000 80 000 pensions or pensioners. This is according to the Pension Insurance Report 2011, which now as a notification by the Federal Government (17/7770) is present. This also shows that 77 percent of the pensions were paid as pensions, insurance (pensions and pensions for reduced earning capacity due to age, education without pensions). The increase in the retirement portfolio to 89 000 resulting from an increase in the pension insurance numbers by approximately 160,000 and a decrease of the survivor population of around 17,000.

On 1 July 2010, men on average 977 € receive pensions from statutory pension insurance. Women received an average of € 544 rent. The distinction between old and new states resulting in a rather small difference to the men of 1,012 € (East) to 968 € (West). For women, the differences are more pronounced. Sun East German pensioners received an average of € 701 and West German pensioners € 500 a month pension. This is justified, especially with the different employment histories of East and West. For example, women on average in the East almost 39 years have paid into the pension fund and women in the West only 27 years, it says in the briefing.

20 Million Pensioners in the Public Pension
It is also well for modeling the speech, after which the contribution to the pension scheme may fall further in coming years, to 19 percent in 2014. Only in 2018 will again be expected to increase to 20 percent in 2021 and 20.9 percent in 2025. According to model calculations, the pension rise by the year 2025 by 35 percent. This represents an increase of almost two percent a year. The security level before taxes decreases accordingly from 50 to 46 percent in 2025. This decline makes it clear that the state pension is not sufficient in the future, the living standards of working life in the age to continue. The standard of living will be maintained only if the financial scope of the Retirement Income Act and the state funding will be used to build an additional precaution. Central pillar of the pension scheme will remain on the state pension, according to the briefing.