Pension change: Improvement for 1.8 million pensioners by removing a risk factor

Pension change: Improvement for 1.8 million pensioners by removing a risk factor

According to a report by www.ruhr24.de, 1.8 million pensioners in Germany will benefit from a new pension change. Previously, those receiving disability pensions were at risk of losing their pension entitlement by taking up or expanding employment. This is now changing, as insured people with reduced earning capacity will in future be able to test their performance on the labor market for six months without their pension entitlement being jeopardized during this time.

This new regulation is expected to have a positive impact on the labor market, as many pensioners will be encouraged to take up or increase their employment without fear of losing their pension rights. This could lead to an increase in the workforce while improving the financial situation of affected pensioners.

In addition to this change, current old-age pensions can be taken into account for which a disability pension was already granted immediately before. This leads to an increase in pensions of 4.5 or 7.5 percent, from which around three million citizens benefit.

Overall, this new regulation is an important step towards improving the financial situation of pensioners and at the same time making it easier for them to participate in the labor market. It remains to be seen how this change will affect the labor market and the financial sector in the long term.