Pension without work: This is how parents secure their rights!

Pension without work: This is how parents secure their rights!

In Germany, many people are faced with the question of what their financial situation will be like in old age, especially if they have never paid into pension insurance. Loud stern.de People who have never worked generally do not receive a state pension. However, an exception is the acquisition of pension entitlement for parents who have raised more than one child.

However, the state offers various forms of support for citizens who cannot support themselves. People who are able to work and are below retirement age are entitled to citizen's benefit, formerly known as unemployment benefit II or Hartz IV. For others who are not adequately secured due to insufficient payments into pension insurance, there is basic security, which serves as a pension.

Basic security and its requirements

Basic security is granted to those who have a monthly income of less than 1,062 euros. The application must be submitted to the social welfare office, but can also be submitted directly to the pension insurance company. It is important to know that basic security is initially approved for 12 months, after which a new application is necessary.

Recipients of basic security are obliged to use their assets to make a living. Parents or children can be called upon to provide financial support if their gross assets exceed 100,000 euros. However, there are exceptions to the asset test, for example for cash up to 10,000 euros or for appropriate household effects and personal heirlooms.

Parental leave and pension rights

It is particularly important for parents to know that they can claim child-rearing time even if they have never worked. Each parent is credited with three years of pension for each child. For children born before 1992, it is even 2.5 years. In order to acquire a pension entitlement, a total of five years of pension are required, and an application is required.

The current rule stipulates that the pension entitlement for up to four children is a maximum of 451 euros, based on the values ​​from April 2024.

Citizens' benefits and pension entitlements

The effects of citizen's money on pension entitlements are important for many. After buerger-geld.org Although the citizen's allowance is recognized as a credit period in the statutory pension insurance, it does not lead to an increase in pension entitlements. Unlike unemployment benefit I, the job center does not pay contributions to the pension account of those affected.

Different waiting periods apply to different types of pensions. For example, five years of work are required for the standard old-age pension and citizen's benefit is not taken into account. Citizens' benefit is also not included in the old-age pension for those who have been insured for a particularly long period of time, which is 45 years. Anyone who loses their job shortly before retirement should check their most recent pension statement to identify open waiting periods.

Overall, the financial situation in old age is a complex issue that takes many factors into account, including the type of support available to citizens. A mini-job could be a realistic option to meet required waiting times.