The pension system in Germany is primarily based on mandatory pension insurance, which applies to most employees. Contributions are deducted from wages and partially funded by the employer. A long-term contribution to the system is crucial for receiving benefits.
To receive a pension in Germany, the minimum insurance period (“Wartezeit”) of 5 years must be met. This applies to both German citizens and foreign workers.
As of 2023, the retirement age is 67 years. It is possible to retire earlier, but this comes with a reduction in pension benefits.
Yes, individuals who work legally in Germany and pay contributions are entitled to benefits. Years of work in Poland are also taken into account under the EU principle of aggregation of insurance periods.
January 13, 2025