Germany: Basic pension to be paid later

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About 1.3 million residents of the country who have earned only a small pension will receive a supplement from January 1, 2021 as part of the so-called base premium.

Residents of the country who have worked in Germany for at least 33 years are eligible for the bonus. The seniority also includes the time spent in raising children or caring for the elderly. The purpose of the basic pension is recognition of merit. Those who have worked for at least 33 years and paid taxes should have a better pension. In addition, he should not pound the doorstep of social services, which many older people say is shameful.

On average, the supplement is 75 euros. The basic pension will officially start on January 1, but the payment is likely to come a few months later. Departments say they have to check a huge number of pension files. However, the money will be transferred retroactively for the period starting from January 1, 2021.

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