How to Calculate Your Pension in Germany: A Step-by-Step Guide

Learn the essential factors for calculating your pension in Germany, including contributions and points.

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To calculate your pension in Germany, you need to consider several factors including your average income over your working life, the number of contribution years, and the pension value. Start by determining your total pension points, which are earned every year of contributions. Multiply these points by the current pension value set by the government. Don't forget to include any additional contributions or factors like child-rearing periods, which can increase your total pension.

FAQs & Answers

  1. What factors affect pension calculations in Germany? Factors include average income, contribution years, and pension points earned.
  2. How are pension points calculated? Pension points are earned annually based on your contributions, relative to the average income.
  3. Can child-rearing periods impact my pension in Germany? Yes, additional contributions for child-rearing can increase your total pension calculation.
  4. What is the current pension value in Germany? The current pension value is set by the German government and can change annually.

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