What Is The Minimum State Pension In Germany

What is the minimum state pension in germany

Thankfully, the German pension system has a mandatory pension contribution that amounts to 18.6% of your gross income every month (2020), called the Gesetzliche Rentenversicherung.

What is the minimum German state pension?

Pension rates and contributions It remains unchanged in 2023. The current contribution assessment ceiling is €7,050 per month in west Germany and €6,750 per month in east Germany. Because the pension scheme is essentially a pay-as-you-go plan, there are no minimum or maximum amounts you contribute.

How much is my German pension worth?

The pension value is the value corresponding to one pension point. This value changes annually as it is adjusted to the overall economic situation. In 2022, it is 36,02 € for Western Germany and 35,52 € for Eastern Germany.

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