Current pension value
The current pension value is the value of one earnings point in the German statutory pension scheme, expressed in euro . It is required to convert the earnings points accumulated during the employment phase into a payable individual monthly pension. The individual monthly pension is calculated using the pension formula. The legal definition of the current pension value results from Section 68, Book Six of the Social Code (SGB VI).
The current pension value is replaced annually on July 1st by a new current pension value in accordance with Section 65 SGB VI. The new current pension value is determined using the pension adjustment formula ( Section 68 SGB VI). This ensures that pensions basically follow wages.
For the accession area , a special current pension value (East) and special earnings points (East) are determined and used as a basis for the calculations until uniform income conditions are established . The current pension value (East) will be adjusted in accordance with ( Section 255a SGB VI).
development
From July 1, 1992 to June 30, 2000, the current pension value ensured a pension amount based on the current net wage level.
As of July 1, 2000, the current pension value was exceptionally - in deviation from Section 68 of Book VI of the Social Code - determined by Section 255a of Book VI of the Social Code, which was inserted with the Budgetary Reorganization Act (HSanG) of December 22, 1999 (" inflation adjustment ").
With the old age assets supplement law (AVmEG), which came into effect retrospectively on January 1, 2001 , a “modified” gross adjustment was made. As of July 1, 2001, the current pension value was calculated taking into account the two factors "Change in gross wages and salaries per average employee in the previous calendar year in relation to the previous calendar year" and "Change in the contribution rate for workers' and salaried employee pension insurance and the pension share from the previous year for the previous calendar year ”. However, the current pension value (East) must be increased at least as much as the current pension value (Section 255a (2) SGB VI) in order to prevent the pensions from falling back below the level already achieved due to poorer wage developments in the acceding area ( Safeguard clause [East]).
As of July 1, 2004, the adjustment of the pensions was suspended by law (“Law on the suspension of the adjustment of the pension as of July 1, 2004 [RAAG]”).
The RV Sustainability Act of July 21, 2004 also added the sustainability factor to the pension adjustment formula. As of July 1, 2005, the calculation factors did not lead to any higher current pension values; they remained unchanged.
As in 2004, the current pension values were not changed as of July 1, 2006 ("Law on the suspension of the adjustment of pensions as of July 1, 2006 [RAAG 2006]" of June 15, 2006).
history
The delimitation in the column with the name Level between gross and before taxes is explained in the article Security level before taxes . The level information relates to the calendar year of July 1st in the respective line.
Period | east | west | source | ||||
---|---|---|---|---|---|---|---|
Pension value | change | Pension value | change | level | |||
Gross | before tax | ||||||
1960 | DM | 6.3453.2 | %|||||
1970 | 12.90 DM | 52.2% | 55.2% | ||||
1980 | 27.39 DM | 50.2% | 57.6% | ||||
1990 | 15.95 DM | 39.58 DM | 50.2% | 55.0% | |||
01/01/1992 - 06/30/1992 | 23.57 DM | 41.44 DM | 48.5% | 53.1% | |||
07/01/1992 - 12/31/1992 | 26.57 DM | 12.73% | 42.63 DM | 2.87% | |||
01/01/1993 - 06/30/1993 | 28.19 DM | 6.1% | 48.8% | 53.4% | |||
07/01/1993 - 12/31/1993 | 32.17 DM | 14.12% | 44.49 DM | 4.36% | |||
01/01/1994 - 06/30/1994 | 33.34 DM | 3.64% | 49.7% | 54.8% | |||
07/01/1994 - 12/31/1994 | 34.49 DM | 3.45% | 46.00 DM | 3.39% | |||
01/01/1995 - 06/30/1995 | 35.45 DM | 2.78% | 49.2% | 53.9% | |||
07/01/1995 - 12/31/1995 | 36.33 DM | 2.48% | 46.23 DM | 0.50% | |||
01/01/1996 - 06/30/1996 | 37.92 DM | 4.38% | 48.5% | 53.4% | |||
07/01/1996 - 06/30/1997 | 38.38 DM | 1.21% | 46.67 DM | 0.95% | |||
07/01/1997 - 06/30/1998 | 40.51 DM | 5.55% | 47.44 DM | 1.65% | 48.7% | 54% | |
07/01/1998 - 06/30/1999 | 40.87 DM | 0.89% | 47.65 DM | 0.44% | 48.5% | 53.6% | |
07/01/1999 - 06/30/2000 | 42.01 DM | 2.79% | 48.29 DM | 1.34% | 48.4% | 53.3% | |
07/01/2000 - 06/30/2001 | 42.26 DM | 0.60% | 48.58 DM | 0.60% | 48.2% | 52.9% | |
07/01/2001 - 12/31/2001 | 43.15 DM | 2.11% | 49.51 DM | 1.91% | 48% | 52.6% | |
01/01/2002 - 06/30/2002 | € 22.06224 | € 25.31406 | |||||
07/01/2002 - 06/30/2003 | € 22.70 | 2.89% | € 25.86 | 2.16% | 48.3% | 52.9% | |
07/01/2003 - 06/30/2004 | € 22.97 | 1.19% | € 26.13 | 1.04% | 48.5% | 53.3% | |
07/01/2004 - 06/30/2005 | - NO | - NO | 48.6% | 53% | |||
07/01/2005 - 06/30/2006 | - NO | - NO | 48.32% | 52.57% | |||
07/01/2006 - 06/30/2007 | - NO | - NO | 47.84% | 52.23% | |||
07/01/2007 - 06/30/2008 | € 23.09 | 0.52% | € 26.27 | 0.54% | 47.24% | 51.31% | |
07/01/2008 - 06/30/2009 | € 23.34 | 1.08% | € 26.56 | 1.10% | 46.58% | 50.5% | |
07/01/2009 - 06/30/2010 | € 24.13 | 3.38% | € 27.20 | 2.41% | 47.58% | 52.01% | |
07/01/2010 - 06/30/2011 | - NO | - NO | 47.16% | 51.62% | |||
07/01/2011 - 06/30/2012 | € 24.37 | 0.99% | € 27.47 | 0.99% | 46% | 50.1% | |
07/01/2012 - 06/30/2013 | € 24.92 | 2.26% | € 28.07 | 2.18% | 45.4% | 49.4% | |
07/01/2013 - 06/30/2014 | € 25.74 | 3.29% | € 28.14 | 0.25% | 45.1% | 48.9% | |
07/01/2014 - 06/30/2015 | € 26.39 | 2.53% | € 28.61 | 1.67% | 44.4% | 48.1% | |
07/01/2015 - 06/30/2016 | € 27.05 | 2.50% | € 29.21 | 2.10% | 44.1% | 47.7% | |
07/01/2016 - 06/30/2017 | € 28.66 | 5.95% | € 30.45 | 4.25% | 44.5% | 48.1% | |
07/01/2017 - 06/30/2018 | € 29.69 | 3.59% | € 31.03 | 1.90% | 44.8% | 48.3% | |
07/01/2018 - 06/30/2019 | € 30.69 | 3.37% | € 32.03 | 3.22% | 44.6% | 48.1% | |
07/01/2019 - 06/30/2020 | € 31.89 | 3.91% | € 33.05 | 3.18% | 44.7% | 48.16% | |
07/01/2020 - 06/30/2021 | € 33.23 | 4.20% | € 34.19 | 3.45% | ? | 48.21% |
Up to and including 1995, the current pension value (east) was increased twice a year (on January 1st and July 1st) in order to enable a more rapid adjustment.
Due to a protective clause ( Section 255a, Paragraph 2, SGB VI), the annual percentage adjustment in the accession area must not be lower than in the old federal states.
On January 1, 2002, both current pension values were converted into euros using the official exchange rate.
precursor
The Reich Insurance Code (RVO), Employee Insurance Act (AVG), Reichsknappschaftsgesetz (RKG), Workers' Pension Insurance New Regulation Act (ArVNG) and Employee Insurance New Regulation Act (AnVNG) were in effect until January 1, 1992 .
Instead of today's remuneration points, value units were the basis for calculating pensions at that time. Today 100 value units correspond to 1.0000 earnings points.
The pensions were established as annual pensions and one twelfth was paid monthly. Instead of the current pension value, the starting amount for the pension calculation was the general assessment basis. For old-age pensions, it was multiplied by the increase factor 1.5 and divided by 12 (= 1.25 ‰). Based on the current assessment bases at the time, the fictitious “current pension values” given above can be determined up to 1991 (1.25 ‰ of the general assessment bases).
General tax base
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Web links
- Legal work instruction of the German pension insurance: Timeline of current pension value (1992 – today) West East
- Legal work instruction of the German pension insurance: § 68 SGB VI - current pension value
- Legal work instruction of the German pension insurance: § 255a SGB VI - current pension value (east)
- German Pension Insurance: Questions and Answers on the 2018 Pension Adjustment. Accessed November 2, 2018 .
Individual evidence
- ↑ Due to a safeguard clause , at least one so-called zero round takes place.
- ↑ Pension insurance in time series, page 258. German Federal Pension Insurance, October 26, 2018, accessed on July 10, 2019 .
- ↑ Pension Value Determination Ordinance (RWBestV) 2011
- ↑ Pension Value Determination Ordinance (RWBestV) 2012
- ↑ Pension Value Determination Ordinance (RWBestV) 2013
- ↑ Pension Value Determination Ordinance (RWBestV) 2014
- ↑ Pension Value Determination Ordinance (RWBestV) 2015
- ↑ Pension Value Determination Ordinance (RWBestV) 2016
- ↑ Pension Value Determination Ordinance (RWBestV) 2017
- ↑ Pension Value Determination Ordinance (RWBestV) 2018
- ↑ Pension Value Determination Ordinance (RWBestV) 2019
- ↑ Ordinance to determine the pension values in the statutory pension insurance and in the old-age security of farmers and to determine further values as of July 1, 2020. Federal Government, April 16, 2020, accessed on April 22, 2020 .