Thousands of additional retirees emerge in Central Germany - Over a hundred thousand fresh retirees have surfaced in the central region of Germany.
Central Germany, home to the German Pension Insurance Central Germany (GPICG), offers a variety of pension schemes under the statutory pension system, the first pillar of the German three-pillar retirement model. This comprehensive system caters to different needs, with key pension types including regular retirement pensions, early retirement pensions, disability pensions, and survivor pensions.
The Regular Retirement Pension, or Regelaltersrente, is the standard pension payable upon reaching the statutory retirement age (usually 67 for those born after 1964) and having contributed to the pension system for a minimum period of five years.
Early retirement pensions, on the other hand, allow for pensions before the regular retirement age under certain conditions. Meanwhile, Disability pensions are provided to those who become unable to work due to health reasons, and Survivor pensions are paid to spouses, children, or dependents after the insured person's death.
In addition to these statutory pensions, there are company pension schemes (betriebliche Altersversorgung, bAV), which include five main types: Direktzusage, Direktversicherung, Unterstützungskasse, Pensionsfonds, and Pensionskasse. These schemes, often funded by employers or jointly by employers and employees, complement the statutory system.
However, the exact number of new pensioners in Saxony, Saxony-Anhalt, and Thuringia in 2021 was not explicitly provided in the search results. The GPICG, which covers these regions, typically publishes such data annually, so accessing their official reports or statistical releases would be necessary for precise numbers.
In 2021, 25,439 new pensioners received the so-called standard age pension, with a total of around 1.06 million euros in age pensions paid out. Moreover, 101,631 people in these regions received an age pension for the first time. The majority of new pensioners (35,603) were granted a pension for long-term insured persons, with 34,254 women and men receiving a pension for particularly long-term insured persons with 45 years of insurance.
The GPICG, headquartered in Leipzig, reported these figures and serves insured individuals in Saxony, Saxony-Anhalt, and Thuringia. It should be noted that the number of new pensioners in Central Germany remained unchanged from the previous year.
The categories of pensions include long-term insured persons, standard age pension, pensions for severely disabled individuals, and pensions for miners. While the exact count of new pensioners in 2021 may not be available, the GPICG remains a vital resource for those seeking information about pensions in Central Germany.
The institutional framework of Central Germany, notably the German Pension Insurance Central Germany (GPICG), encompasses various finance-related aspects, such as wealth-management and personal-finance, within its statutory pension system and institutional framework. Besides statutory pensions like the Regular Retirement Pension, early retirement pensions, disability pensions, and survivor pensions, there are company pension schemes under the bAV institutional framework, also part of the finance sector, which offer complementary retirement benefits.
