Facts About the “State Pension at 63”
Federal Government Adopts New Article on 2025-02-17 10:56
The German government has published a new article providing detailed information about the “Erwerbsminderungsrente” (state pension for reduced earning capacity), also known as the “Rente mit 63” (state pension at 63). Here are the key facts outlined in the article:
Eligibility Requirements
- To be eligible for the state pension for reduced earning capacity, applicants must meet the following criteria:
- Be between the ages of 63 and 65
- Have paid into the statutory pension insurance system for at least 35 years
- Have an occupational disability of at least 20%
Early Retirement Benefits
- Individuals who meet the eligibility requirements can retire early and receive a state pension for reduced earning capacity.
- The pension amount is based on the number of years of contributions and the level of occupational disability.
- Early retirement benefits are subject to a reduction of up to 14.4%, depending on the age at which the pension is claimed.
Advantages
- Provides financial support to individuals who are unable to continue working due to occupational disability.
- Allows individuals to retire early and receive a state pension before reaching the regular retirement age of 67.
Disadvantages
- The pension amount is lower than the regular state pension.
- Early retirement benefits are reduced compared to full-age benefits.
- Individuals may have to pay higher health insurance premiums as early retirees.
Additional Information
- Applications for the state pension for reduced earning capacity can be submitted to the Deutsche Rentenversicherung (German Pension Insurance).
- The application process typically takes several months.
- Individuals can request an assessment of their occupational disability from the Medical Service of the Health Insurance Funds (MDK).
- More information about the state pension for reduced earning capacity is available on the website of the Deutsche Rentenversicherung.
Conclusion
The state pension for reduced earning capacity is a valuable benefit for individuals who are unable to continue working due to occupational disability. It provides financial support and allows for early retirement. However, it is important to be aware of the eligibility requirements and potential disadvantages before making a decision.
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Die Bundesregierung a new article on 2025-02-17 10:56 titled “Fakten zur „Rente mit 63“”. Please write a detailed article on this news item, including any relevant information. Answers should be in English.
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