How does short-time work affect the pension?

Short-time allowance supplements your reduced salary, but not completely. This is why the contributions that flow into your pension account decrease. But there is one piece of good news: the lower contributions will only have a minimal impact on your later pension, especially if the short-time work lasts longer. In that case, the short-time allowance absorbs 87 per cent of the wage difference. In concrete terms, if you work short-time for a full year, you will only lose a few euros on your later monthly pension.
If you invest in your old-age provision in addition to the statutory pension insurance, you don’t have to worry about these few euros. Rürup contracts or ETFs help you plan your retirement and save taxes.

If you want to understand what you can expect from the german state pension than you can calculate it accurately with our mobile app.

You can also simulate any potential investments in the app that you could make to supplement the state pension.

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