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Good news for all pensioners: From July onwards, they can look forward to more money in their account. This is shown in the pension table.
July brought a positive surprise for many: cannabis consumers can rejoice because social clubs can finally apply for a cultivation permit. Politicians can also apply, according to echo24.de enjoy higher diets.
Last but not least: Pensioners have also had more money in their accounts since July. Around three million pensioners in Germany can even expect a double payout. A table shows who will now receive significantly more money.
Pension table shows: This is how much more money there is for retirees since July
After many years of work, most people look forward to a well-earned retirement. The amount of the pension can be easily calculated using the so-called pension formula. Since July 1, 2024, this pension formula will calculate a little more than before.
The reason: The more than 21 million pensioners in Germany will receive more money after the pension increase – namely 4.57 percent. This means that pensions are rising more than originally expected and, according to the ministry, are “over four percent for the third year in a row.” But how much is 4.57 percent in euros? An overview table shows how much more money pensioners can look forward to (source: Federal Ministry of Social Affairs):
Changes to disability pensions from July – how much supplement will pensioners receive?
Women in particular will be pleased about the general pension increase, as they receive on average several hundred euros less in pension than men in Germany. But in addition to the pension increase for all pensioners who receive an old-age pension, there is another big plus.
Good news for some pensioners: From July, the disability pension will increase. © IMAGO/Frank Hoermann/SVEN SIMON
How echo24.de As already reported, the disability pension has also increased by 4.5 and 7.5 percent of the payment amount since July. According to the German Pension Insurance, the supplement will be paid separately from the pension from July 2024 to November 2025 – so some pensioners will receive double.
Disability pension increases – there is so much more money
The reason for the different supplementary amounts is that there was already an increase in the attribution periods for disability pensioners in 2014, which meant that those affected who received a disability pension for the first time between 2014 and 2019 were slightly better off than those whose pension began before July 2014.
The income at which pensioners in Germany are considered “better off” is explained echo24.de in a separate article. But how much more money will be added to the account in purely mathematical terms? An overview table shows how much more money pensioners can look forward to:
The best news for pensioners: You don’t have to do anything to have your entitlement to the higher disability pension checked and applied for. The pension insurance company takes care of this itself and those entitled to it should have received a letter in good time.
