Pension insurance: What do the numbers on the pension certificate mean?

Pension insurance: What do the numbers on the pension certificate mean?

Every year many people receive mail from the pension insurance company, but the information it contains often causes confusion. Specialists in the field of statutory pensions and taxes can help clarify the various amounts that appear on the pension statement.

The pension information contains different amounts, of which the lower value in the box most likely shows your future pension - the standard old-age pension. This amount represents your gross pension and does not take into account the annual pension adjustments. It is therefore important to note that pension values ​​can change every year.

The disability pension is particularly relevant for those who cannot work until they reach retirement age for health reasons. As soon as you have received your pension information, you can view the pension documents from the German Pension Insurance or request them online. All you need is your insurance number, which can be found in your tax documents or letters from the DRV.

It is important to know that the amounts on the pension information are gross values ​​and that contributions to health and nursing care insurance are deducted from the gross pension. Taxes may also be due, although the specific amount depends on various factors such as the amount of the pension, the number of children and deductible expenses. Finally, it is advisable to read the pension information carefully and to contact experts if anything is unclear.