East offers EU women a €357 pension advantage over the West
In a significant development, two specific professions in Germany can look forward to an increase in their wallets starting in July. This increase is not related to changes in taxes or the retirement age, but rather due to factors that remain unspecified at this time.
The statutory pension in Germany is calculated based on an individual's earnings history, with one pension point equating to approximately €50,493 gross per year (as of 2025). This system calculates pensions based on lifetime earnings, with higher earnings and longer contribution periods leading to a higher pension.
While the exact amount of the increase in income for these two professions has not been specified, it is worth noting that, on average, retirees in Germany receive less than 1,300 Euros per month from statutory pension insurance. This average, however, can vary significantly depending on individual circumstances.
Some individuals may also be eligible for additional supplements like the "Grundrente," which provides extra support for those with lower lifetime earnings. This can add up to €420 per month at maximum, though most recipients receive less.
It is not yet clear whether this increase in income is a one-time event or a recurring change. The retirement age in Germany is gradually increasing to 67 years, but there have been no proposals to further increase it, as suggested by the economy sector.
This news serves as a positive development for the two professions, offering a potential boost to their retirement income. As more information becomes available, it is expected that further details will be shared, providing clarity on the extent and duration of this increase in income.
The unexpected increase in income for specific professions in Germany starting July, though not related to tax changes or retirement age, might be a significant alteration in their personal-finance landscape. Amidst general-news discussions, this development could potentially enhance their retirement income, especially relative to the average statutory pension of less than €1,300 per month, a figure that varies based on individual circumstances.
