(2023)
Next stage for retirement at 67 begins!
Graduated age limits
In 2023, those born in 1958 reach the statutory retirement age of 65, but within a context of graduated age limits. From 2012, the standard retirement age was gradually raised from 65 to 67, starting with an increase of one month per birth year, rising to two months per year from 2024. This means that the 1946 birth cohort was the last to retire at 65 without deductions in 2011. For those who reached the retirement age of 65 in 2012, the start of their pension was delayed by one month. For example, someone born on 15/02/1947 received their pension from 01/04/2012 instead of 01/03/2012.
Special regulations for long-term insured persons
From 01/07/2014, individuals with at least 45 contribution years can receive their pension at 63 without deductions. For those born between 1953 and 1964, the retirement age of 63 is gradually raised to 65, with an increase of two months per birth year from 2016. In 2023, individuals born in 1960 can receive their pension at 63 years and 16 months, provided they have 45 insurance years. Insured persons born on or after 01/01/1964 can only claim the pension without deductions at 65 with 45 contribution years.
Pension for long-term insured persons
Individuals with 35 contribution years can claim the "pension for long-term insured persons" early at 63, but must accept lifelong deductions. The number of deduction months increases for pensions starting at 63, but only for those born from 1949 onwards. In 2023, those born in 1960 can receive their pension at 63 with a lifelong deduction of 12.0%.
Pension for severely disabled persons
The pension for severely disabled persons can be claimed at 64 years and 4 months without deductions. At 61 years and 4 months, a pension with a deduction of 10.8% is possible. Protection applies to those born before 1 January 1964 and who were severely disabled on 1 January 2007; in this case, they can retire at 63 without deductions. An early pension with a 10.8% deduction is possible from the age of 60.
Disability pension
In the case of full disability, the disability pension can be claimed before the standard retirement age without deductions. In 2023, the disability pension begins at 64 years and 10 months, with deductions of 0.3% per month for earlier claims, up to a maximum of 10.8%.
Widow's or widower's pension
The age limit for the large widow's or widower's pension was gradually raised from 45 to 47, starting in 2012. In 2023, the age limit is 45 years and 12 months, equivalent to 46 years. Widows or widowers under 45 receive the small widow's or widower's pension, which is converted to the large pension upon reaching 46.
Pension taxation
Pension taxation begins in the year the pension starts and in the second year of receipt. In 2023, the taxable portion of the pension is 82.5 Euro. The remaining amount in the second year is set as the personal pension allowance and remains tax-free for life. From the third year, the pension is fully taxable, after deducting the personal pension allowance and a standard allowance for income-related expenses of 102 Euro.
