110 euros more pension through time to raise children: Financial expert explains the pension myth

110 euros more pension through time to raise children: Financial expert explains the pension myth

According to a report by www.merkur.de, the number of pensioners who receive basic security in old age is increasing. Women are particularly affected, with six out of ten recipients being female. In this context, many reports on the Internet claim that pensioners receive 110 euros more in pension per child. But a pension expert and lawyer emphasizes that this is a myth and that not all pensioners with children automatically receive this amount.

According to my calculations, an increase of 110 euros per child would actually benefit many pensioners. The impact would be significant for both pensioners and the financial sector. However, it is important to emphasize that the 110 euros more pension comes from the recognition of child-rearing periods. The German pension insurance grants a child-rearing period of 36 months, which corresponds to three years, for every child born after 1992. There is one pension point for each year with a current pension value of 37.60 euros.

However, there are limitations that must be taken into account. The time spent raising children is only counted for one parent and it cannot be counted twice for both parents. In addition, only two years and six months are recognized for children born before 1992, which is referred to as a mother's pension and means correspondingly lower additional benefits in the pension.

Overall, not all pensioners can benefit from this benefit and those who can must apply. Therefore, the actual impact of this performance on the market and the financial industry would be less than it might seem at first glance.

The claim that all pensioners with children receive 110 euros more in pension is actually nonsense, as the pension expert emphasized. It is important that the facts are communicated clearly and understandably to avoid misunderstandings.