The German government wants to reform the ailing pension system. A new plan calls for raising the retirement age and making more people contribute, among other changes.
If you're leaving Germany for good and have worked for less than five years in the country, you may be able to get back the money you've paid in pension contributions.
The German Bundestag voted on Friday to pass the pension package, which contains three laws intended to secure the pension system until at least 2031 and also establish the new 'active pension' as well as expand on 'mother's pension' benefits.
German Chancellor Friedrich Merz dug in on proposed pension reforms Friday despite resistance from younger members of his conservative CDU party who fear they will saddle future generations with unaffordable costs.
Many people don't begin saving for retirement until they start their career. From 2026 school children in Germany could get an early start thanks to a new government initiative, but not as many as originally proposed.
Here's what you need to know about how your pension and social security rights apply, if you've spent time working in both the US and Germany, or worked in one and plan to retire in the other.
Germany’s pension system rests on three pillars – a state pension, anything private you've set up for yourself, and extra contributions your employer might make as part of your company savings plan. Here’s how it works if your workplace is topping up your pension.
Chancellor Friedrich Merz has said he would like to allow working senior citizens to earn up to €2,000 a month tax free. The move comes in response to the ballooning costs of Germany's pension system.
As government spending on pensions soars again and economists discuss options for financing ever-growing entitlements, Brian Melican examines the German system – and the prospects for everyone currently paying into it.
Plans to set up pension accounts for children in Germany over the age of six are gaining momentum – and provoking significant debate in the German press. We look at what foreign residents need to know about the proposed scheme.
To keep German pension contributions from spiralling, the new Labour Minister is pushing for a bold fix: making civil servants, politicians, and the self-employed pay into the system.
Pensioners in Germany are likely to see a dip in their monthly income from March, but a recent statement from the federal bank suggests the pain will only be temporary. Here's what you need to know.
A senior citizen in Germany receives an average gross pension of €1,623 per month, according to a new analysis. But there are stark differences when it comes to regions and gender.
Germany needs to take steps to improve its pension system according to a new study which highlighted its main problems this week. This comes as the federal government's pension reform plan has so far failed to move forward.
If you spent your career years in Canada but are thinking you might spend your retirement years here in Germany... Here's what you need to know about how your pension rights apply.
If you're a current - or soon-to-be - British pensioner who's thinking of moving to Germany, here's what you should know about whether - and how - your pension rights transfer over.
A recent report from the German government reveals that around one in five people who have paid into the pension system for at least 45 years receives a monthly pension of less than €1,200 per month.
If you're an Irish pensioner who's thinking of moving to Germany, here's what you should know about where your pension will be taxed, which pension plans are tax liable in Germany and what applicable tax rates are.
The German government wants to stabilise pension payments going forward, and slow down the expected increase in pension contributions at the same time. Here's what you need to know.
If you’re employed in Germany, you’re almost certainly contributing to your state pension. But it might not be enough to live on in your old age, meaning people often have to put other plans in place to retire comfortably. Here’s why some pick private pensions on top of their public ones.
If you’ve worked for a few years in Germany, you’ve probably contributed a decent sum toward your pension fund. But if you plan to leave the country, whether or not you can take that nest egg with you depends on a few factors.
There are currently over 56,000 more over-67s employed in Germany than at the end of last year. According to the Left Party, many are returning to work to "make ends meet" each month.
