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Pension payout in May 2024: When will the money come?
Find out when the pension will be paid in May 2024. Find out how you can plan your money and what important steps you need to take beforehand. Stay informed with our article.
Pension payout in May 2024: When will the money come?
Paying out your pension is an important event for many people who have worked hard for their pension. It is crucial to know when the money will arrive in the account. Pension payouts in 2024 follow a fixed and predictable schedule. But when will the pension actually be transferred to the account in May?
However, before looking at the account, it must be noted that the pension will only be paid out if it has been applied for beforehand. Various documents are required for this, including the pension insurance number of the insured person. There is often still confusion as to whether the pension will automatically flow into the account, which is a myth.
According to the German Pension Insurance, the pension is transferred on the last banking day of the month. In May, insured people can therefore expect their pension to be paid out towards the end of the month. For the month of May 2024, the money should be in the account by May 30th at the latest. This payment principle also applies to the other months, with the amount paid in May being the April pension at the end of the previous month. Working while receiving a pension is also possible.
In addition to the pension payout in May, readers will also receive insights from four people from the region who have decided to continue working in retirement. We also discuss why it might be a good idea to get a dog in retirement.