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Good news for the elderly : pensions rise from July by more than three percent

The well 20 million pensioners in Germany can look forward to significantly higher pensions in the future. In the West, their salaries will rise for the July to 3.18 per cent, in Eastern Germany there is a surcharge of 3,91 percent. This Minister of labour, Hubertus Heil said on Wednesday. "This year, pensioners will benefit from the good situation on the labour market and the wage increases of the past in the Form of better pensions," said the SPD politician. He was convinced that the pension value in the East will match up to 2024 in the West level.

In the case of a monthly pension of 1200 euros, the increase means an increase of 38,16 euros for the West of pensioners and of 46,92 EUR for Ostrentner. Pension of 800 Euro to rise to 25,44 respectively 31,28 Euro. Last year there was a similar increase of 3.22 per cent (West) and 3,37 percent (East). In 2017, amounted to the increase of 2.06, respectively, is 3.74 percent.

The pensioners also real-have "for several years in a row, considerably more money available," stressed the President of the German Federal pension insurance, Gundula Roßbach. With the new adjustment of the pensions in the West have increased since 2014, already 15 per cent, in East Germany even by more than 20 percent. "This is significantly higher than the price increase in this period."

increase corresponds exactly to the forecast

The pension increase is to be inferred from the data on wage development, which had now been taken from the Federal Statistical office communicated to said healing. It corresponds exactly to the forecast of last autumn. The pension level – the ratio of the standard pension and the average wage or salary before taxes is now 48,16 percent. This value is not complied with, only the statutory minimum level of 48 percent, it is also a moderate increase from 2018. The level in the East will increase from 95.8% to 96.5 percent of the current Western value.

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DGB-Board member Annelie colorful Bach called for, to set the course in the long term, "the fact that a stable level of pensions for tomorrow's generations can bring good pension increases". The President of the social Association VdK, Verena Bentele, called the pension increase is a "drop in the ocean". For former low-wage earners, receiving a very small pension, and more should be done. The promised pension must come "at last".

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