For help call +44 (0) 1481 746822 | Email: enquiries@theuapgroup.com

Africa

Victoria Ingram
vickiingram@beaconglobalgroup.com
+34 638 147 576

Asia & Australia

Paul Carter
paulcarter@beaconglobalgroup.com
+60 196 992 621

Europe

James Floyd
jamesfloyd@beaconglobalgroup.com
+44 7828 788 952

North & South America

Randy Landsman
rlandsman@beaconglobalgroup.com
+1 (212) 203 9636

United Arab Emirates

Tom Khares
tomkhares@beaconglobalgroup.com
+44 7564 273 672

United Kingdom

James Floyd
jamesfloyd@beaconglobalgroup.com
+44 7828 788 952

For help call +44 (0) 1481 746822 | Email: enquiries@theuapgroup.com

Pensions in Germany to rise by an average of 5 percent next year

Economy, Industry News

After seeing their benefits stagnate in 2021 due to the economic impact of the coronavirus pandemic, pensioners in Germany can look forward to an increase next year. The government is also changing the way benefits are calculated, which could mean a permanent increase for pensions in Germany

More money in German pensioners’ pockets

Every year, the German federal government makes a so-called pension adjustment (Rentenanpassung), based on the development of salaries in the previous year. A few weeks ago it was announced that, as a result of falling wages in 2020, pensions would remain stable in the western federal states and rise marginally in the eastern federal states in 2021. A cut to pension benefits is legally ruled out by Germany’s pension guarantee.

Post a comment