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Pension payout: When is the pension due in May?
Find out when the pension will be paid out in May 2024 and why it is important to submit your pension application on time. Stay informed about pension payout dates.
Pension payout: When is the pension due in May?
For many people, the payment of their pension is an important time that they have to rely on. It is crucial to know that the pension will only be transferred once the application has been submitted and all the necessary documents, including the pension insurance number, have been submitted. There are often misconceptions that the pension will automatically flow into the account, but this is not the case.
According to the German Pension Insurance, the pension is paid out on the last banking day of the month. In May, pension recipients can therefore expect to receive their money towards the end of the month. More precisely, the pension for the month of May should be credited to the account by May 31, 2024 at the latest. This payout principle applies to all months, with the amount in May corresponding to the amount paid out in April.
It is important to note that even at retirement age there is an opportunity to earn additional income through work. Many people decide to stay active and earn extra money even in retirement. Additionally, there are a variety of reasons why getting a dog can be beneficial to enrich retirement life.