Pension in old age: This is how much employees have to earn to receive 1,500 euros

Pension in old age: This is how much employees have to earn to receive 1,500 euros

How much money employees have to earn in order to receive a pension of 1,500 euros in old age is a question that concerns many people. The maximum pension that can be achieved is 3,434.76 euros, but only 0.09 percent of pensioners in Germany receive this amount. In order to receive a monthly pension of 1,500 euros, employees must meet certain requirements.

The amount of pension in old age depends on various factors, including the number of pension points accumulated during your working life. One pension point currently corresponds to a value of 37.60 euros. In order to receive a pension of 1,500 euros, employees would have to have accumulated a total of 38 pension points. This means that an annual gross salary of 45,358 euros is required to receive one pension point.

It is important to note that employees who earn less than the required annual gross salary will only receive a prorated pension point. Even with 40 years of work, an annual gross income of 43,100 euros would still be required, and with 45 years it would still be 38,300 euros. It should also be mentioned that the amounts mentioned are only gross values ​​and pensioners also have to pay taxes on their pension payments.

There has been debate about whether pension payments should be tax-free, as pensioners have already paid taxes on their income during their working lives. Some people argue that it would be fair if the pension was net equal to gross. It is also important to be aware that deductions will be made from your pension as you age. There are certain age groups that receive higher pensions, while others have to make do with less pensions.