Why is the pension only paid at the end of the month?

In 2003, the then red-green federal government passed the Agenda 2010. In the course of this, the payment of pensions was moved from the beginning of the month to the end of the month. In doing so, the government wanted to save 750 million euros per year. However, the new regulation only applied to future pensioners. Those who had already retired in 2003 received their pension, as usual, at the beginning of the month.

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

How much additional income can I earn when I retire at 63?

If you receive pension payments at 63, you may earn a maximum of 6,300 euros per year until you reach the standard retirement age ...

How do you write a notice of termination when you retire?

Since your employment relationship does not end automatically when you reach the standard retirement age, you must give notice or ...

How high is the average pension in Germany?

According to the SPS, the average monthly pension for men in Germany in 2019 was 1,139 euros in the old federal states and 1,212 e...

Ready to get started?

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