New pensioners: Less money compared to existing pensioners - expert warning!

New pensioners: Less money compared to existing pensioners - expert warning!

According to a report from www.gegen-hartz.de, new pensioners received less pension on average in 2022 than existing pensioners. The monthly salaries of new pensioners averaged 1,084 euros, while existing pensioners received 15 euros more. The difference is particularly clear among new male pensioners, who received an average of 1,275 euros per month, compared to existing pensioners who received 1,373 euros.

There are also differences between East and West Germany. For women in West Germany, salaries increased by 20 euros compared to existing pensioners and new pensioners. In East Germany, however, the salaries of new pensioners fell.

The statutory pension is described as “very questionable” because new pensioners receive less money than existing pensioners. This particularly affects people with low wages and precarious employment, especially in eastern Germany. There are calls for pension reform and a wage offensive to improve the situation.

Low wages lead to low pensions because the amount of the pension depends on the contributions paid during working life. Part-time employment, mini-jobs and interruptions in paid work lead to pension losses. People who have worked all their lives with good pay can live on the statutory pension, while people with low incomes are not adequately provided for in old age.

More than 3.6 million employees earned less than two thirds of the average monthly gross wage in 2022, which corresponds to around 16.5 percent of all full-time employees in Germany subject to social insurance contributions.

Source: According to a report from www.gegen-hartz.de.