When will the pension be paid out?

Anyone who retires or has retired after 1 April 2004 will always receive their pension payment at the end of the month, i.e. on the last bank working day at the latest.

A pension payment is due for the first time at the end of the month at the beginning of which the eligibility requirements are met. You will receive the payment on the last bank working day of that month. Pursuant to § 118 paragraph 1 SGB VI, a timely payment is deemed to have been made if, according to the usual course of events, the value date of the amount of money is the last bank working day.

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.

Similar Questions

Why do women have only half as much pension entitlement as men?

Women earn on average only half as much as men over the course of their working lives, as they often work part-time because of chi...

Can a woman retire at 60?

The pension at the age of 60 no longer exists. At least there is no benefit from the statutory pension insurance. However, those w...

When can I retire as a woman?

If you were born after 1964, your normal retirement age is 67. If you were born before 1947, you can retire without deductions at ...

Ready to get started?

Download our app and start gaining insight into your current and future finances.