Pension entitlements: This is how parents secure themselves despite missing payments!

Pension entitlements: This is how parents secure themselves despite missing payments!

In Germany, people who have never worked do not receive a state pension. An exception are parents who have raised more than one child, as they can acquire pension rights through these periods of raising children. According to reports star However, the state offers support to those who cannot support themselves. This is where two essential programs come into play: citizen's money and basic security.

Citizens' benefit, formerly known as unemployment benefit II, is aimed at people who are able to work and below the standard age limit. Basic security, on the other hand, is intended for those who have less than 1,062 euros to live on per month and have not paid enough into the pension insurance. Basic security covers living expenses, accommodation and heating as well as health and nursing care insurance contributions. The various forms of support are therefore directly related to the individual life situations of the applicants.

Entitlement to basic security

Basic security can be applied for both from the social welfare office and from the German pension insurance. The benefit is granted for a period of twelve months, after which a new application is required. It is important that recipients must first use up their assets before they are entitled to basic security. In addition, close relatives, such as parents or children, must be involved in maintenance if their annual salary is over 100,000 euros.

Basic security is available for different groups of people. This includes people who have reached the standard retirement age as well as people aged 18 and over who are permanently incapacitated. The prerequisite for receiving this benefit is residence in Germany. According to a rule of thumb, income below 1,062 euros could justify a claim to basic security. The determination of permanent disability is carried out by the social welfare agency.

Income and asset limits

The calculation of basic security is based on the income and assets of the applicant. When calculating income, various items are taken into account, such as earned income, pensions, maintenance payments and child benefit. However, there are also exceptions where certain income is not taken into account, such as part of the income from self-employment or care allowance.
Assets that must be used up before applying include cash, securities and real estate. However, there are also allowances: single people are allowed to have up to 10,000 euros and married people up to 20,000 euros, without this being counted towards the basic security.

In summary, it can be seen that there are various options for people without their own pension income to receive support, provided they meet the relevant requirements. Further information on the exact requirements and the application process can be found on the respective websites star and the German pension insurance to find.