• Germany edition
 
Hundreds of great job opportunities for foreign professionals at Germany's top employers - in cooperation with Monster, Experteer, Stepstone, and CareerBuilder.
What
Where
3,512
jobs available
Find English-speaking professionals with The Local.
Advertise a vacancy
More Germans than ever take early retirement
Photo: DPA

More Germans than ever take early retirement

Published: 31 Jan 2013 15:10 CET

Some 337,000 people, or 48 percent of all Germans who retired in 2011, did so before reaching 65 - the highest number ever, according to figures released on Thursday by the Rentenversicherung Bund (DRV), which operates Germany's state pension system.

Health-workers, teachers and truck drivers were among those most likely not to work up to the retirement age of 65, said the DRV. More of those stopping work early were women, the figures suggested, with the share of female early retirees up from 36.1 percent to 51.7 percent in 2011.

Whether the trend is a result of workers opting for a reduced income in return for more leisure time in their 60s is hard to determine, as no definite statistics exist on why people stopped work early. Some workers could have been forced out or encouraged to take early retirement when firms cut jobs.

However, the statistics did show that many workers taking retirement early had been ill or unemployed previously, whereas others had worked up enough money to afford the drop in income.

In general, those retiring early had earned above average salaries while working, while many others had inherited substantial sums.

But it could mean few people receive their full pension in the future, as Germany is in the process of slowly hiking its retirement age to 67.

DAPD/The Local/jlb

The Local (news@thelocal.de)


Don't miss...X
Left Right

Your comments about this article:

The comments below have not been moderated in advance and are not produced by The Local unless clearly stated. Readers are responsible for the content of their own comments. Comments that breach our terms and conditions will be removed.

ADD YOUR COMMENT   (YOU MUST LOG IN OR REGISTER TO MAKE A COMMENT)
Your German Career
What do German bosses need to do to get more out of their staff? Frankfurt-based business consultant Justin Bariso has this advice.
Germany's Federal Employment Agency has identified the job sectors the country is most short of workers for. JobTalk looks at where the vacancies lie.
Students at German universities have shown themselves to be a risk-free lot in a survey by Ernst & Young. The civil service is their most popular choice of future profession, while job security is valued above all else.
Jenny Core, originally from Bolton, England, shares her tips in this week’s My German Career on being an artist in Berlin. The 27-year-old exhibits her work regularly in the city, including next to a Turner Prize shortlister.
In this week's JobTalk, Tanya Schober, who is originally from India, talks us through her journey to German citizenship.
In this week's My German Career, Anupama Gopalakrishna, who is originally from Bangalore in India, tells The Local about her new life in Frankfurt.
German Employment News
The Local speaks to experts from the German startup scene to find out how to get a job at a freshly-minted technology company.
Volkswagen hopes to put more robots to work as it says goodbye to its retiring baby boomer employees, the company's chief of human resources wrote in the Süddeutsche Zeitung on Monday.
The jobmesse deutschland (Job Expo Germany) is rolling into Berlin on Saturday as part of its annual 18-city tour. Here's why you should go if you're looking for a job in Germany.
A new study shows more and more immigrants are starting businesses in Germany, bringing some much-needed entrepreneurial spirit to the country.
It’s not quite as romantic as the Nanny Diaries, nor is it as magical as Mary Poppins. But being an au pair in Germany can be fun, as Emma Anderson finds out.
What kind of companies are hiring foreigners in Germany? And which type of firm should you target for your next career move? Recruitment expert Chris Pyak reveals all to JobTalk.

IELTS Examiners – British Council China
The British Council is recruiting a team of IELTS examiners to be based in one of our four main cities in China: Beijing, Shanghai, Guangzhou or Chongqing. This presents an exciting opportunity for new or current IELTS examiners to work in one of the world’s largest and most dynamic English language assessment environments
FULL JOB AD »

SMA Solar Technology AG
Niestetal bei Kassel
Stepstone
Added 10/23/14

Bigpoint GmbH
Berlin
Stepstone
Added 10/23/14

Bigpoint GmbH
Hamburg
Stepstone
Added 10/23/14

TenneT TSO GmbH
Bayreuth oder Arnheim
Stepstone
Added 10/23/14

Bigpoint GmbH
Hamburg
Stepstone
Added 10/23/14

GE Healthcare
DEU-Lower Saxony-Homeoffice-30159
Stepstone
Added 10/23/14

Bigpoint GmbH
Berlin, Hamburg
Stepstone
Added 10/23/14

Bigpoint GmbH
Berlin
Stepstone
Added 10/23/14

Bigpoint GmbH
Hamburg
Stepstone
Added 10/23/14

Bigpoint GmbH
Hamburg
Stepstone
Added 10/23/14