This will provide you with an overview of the pensions provided by the German Statutory Pension Insurance Scheme, the conditions prescribed in respect of these and the effects of additional earnings on the pension.
The entitlement to any German pension is conditional upon you having paid contributions for a specified period. This minimum insurance period depends on the type of pension.
If on account of a severe or chronic illness or also following an accident you are totally unable to work or can only work for a few hours, you may be entitled to a pension for reduced earning capacity, if certain criteria are met. Already as an entrant into working life, i.e. from the first day you attend work, you will benefit from insurance cover in case of an industrial accident. Private accident insurance cover is awarded in certain circumstances already after you have paid contributions for one year.
For most of our insured persons it is the old-age pension that acts as a “wage replacement”, providing them with the basis for financial subsistence following retirement from active working life. There are various types of old-age pension. If you want “to retire”, there are two questions you have to answer in advance: When do you want to start receiving your pension? Do you wish and are you able to accept the risk of possible deductions? Various types of old age pensions are awarded by the statutory German pension insurance. The conditions for access to them are different and are adapted to life careers of the group of persons concerned. Before you can receive an old-age pension, you must meet the necessary preconditions. In addition to the attainment of a certain age, these are the required minimum insurance period (qualifying period), and if you wish to receive an old-age pension prior to attaining the normal pension age, your earnings from employment must not exceed certain income limits. For some types of old age pension additional conditions must be met, e.g. a longer period of unemployment or severe disability..
The death of a spouse, mother or father is always a grievous blow for the family. If you are faced with this situation, there are many things that you will have to deal with. This often includes making provisions for your future financial subsistence. The statutory pension insurance scheme offers various benefits that can help.
In addition to the pensions for insured persons awarded by the general pension insurance scheme the pension fund for miners provides special benefits if the necessary qualifying conditions are met.
Please find hereinafter information on German pension entitlement for former workers in a Ghetto under the amendments of the ZRGB law. ZRGB is the acronym for the so-called ghetto pensions under the law regarding payment of pensions from an employment in a Ghetto.
When you are a beneficiary of a pension, your additional income from employment or other earnings may not exceed certain limits. Depending on the type of pension, additional earnings may entail a reduction in the pension. In extreme cases, i.e. where the additional earnings are very high, the pension may even no longer be payable. Not only income earned in Germany is taken into account, but also income earned abroad.