Minimum contribution to statutory pension insurance 2024: Earnings limit for mini-jobbers increases

Minimum contribution to statutory pension insurance 2024: Earnings limit for mini-jobbers increases

According to a report by www.merkur.de, the minimum contribution to statutory pension insurance will rise from 96.72 euros to 100.07 euros per month in 2024. This adjustment results from the increase in the earnings limit for mini-jobbers from 520 to 538 euros. This change affects everyone who pays voluntary contributions to pension insurance.

Further increases are expected in the coming years if the minimum wage rises as planned from 12.41 euros to 12.82 euros per hour. In this case, the mini-job earnings limit would rise to 556 euros and the minimum pension insurance contribution would rise to 103.42 euros in 2025.

This change is relevant for everyone who wants to fulfill the waiting period for an old-age pension or increase their statutory pension entitlement through voluntary contributions. This includes self-employed, non-working adults such as housewives or househusbands as well as Germans who live abroad and pay voluntary contributions.

You can set the amount of voluntary contributions to pension insurance yourself, but you must observe certain limits. The minimum contribution in 2024 is 100.07 euros, while the maximum contribution is 1,357.80 euros.

It is important to note that if you want to make voluntary contributions to pension insurance, you must submit an application for contributions to voluntary insurance.