15 important changes to pension law in 2024: What financial experts need to know now

15 important changes to pension law in 2024: What financial experts need to know now

According to a report by www.gegen-hartz.de,

For pensioners, the coming months mean a number of further changes in the area of ​​pensions. Lawyer and pension expert Peter Knöppel from Halle gives a comprehensive overview of 15 innovations that came into force on January 1, 2024. These changes may have a direct or indirect impact on the financial situation of retirees.

1. Mindestlohn gestiegen

One of the first changes that will affect pensioners in January 2024 is the increase in the statutory minimum wage from €12.00 to €12.41 gross per hour. From January 1, 2025, the minimum wage will be further increased to €12.82.

This increase in the minimum wage can have a positive impact on pensioners' incomes, especially if they earn additional income through mini-jobs or part-time work.

1. Mehr Verdienstmöglichkeiten für Minijobber

Increasing the marginal income limit for mini-jobbers to 538 euros per month enables pensioners to earn more money tax-free. This can help pensioners increase their monthly income without jeopardizing their pension rights.

Other important changes concern the extension of the subsidy for the integration of job seekers, the increase in citizen's allowance and social assistance, as well as the adjustment of the contribution assessment limits in statutory health and pension insurance.

It is important that pensioners find out about these changes and, if necessary, adjust their financial planning in order to benefit as much as possible from the new regulations.