Current pension value

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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 06.34 DM 53.2 0%
1970 12.90 DM 52.2%0 55.2%0
1980 27.39 DM 50.2%0 57.6%0
1990 15.95 DM 39.58 DM 50.2%0 55.0%0
01/01/1992 - 06/30/1992 23.57 DM 41.44 DM 48.5%0 53.1%0
07/01/1992 - 12/31/1992 26.57 DM 12.73% 42.63 DM 2.87%0
01/01/1993 - 06/30/1993 28.19 DM 06.1%0 48.8%0 53.4%0
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 03.64% 49.7%0 54.8%0
07/01/1994 - 12/31/1994 34.49 DM 03.45% 46.00 DM 3.39%
01/01/1995 - 06/30/1995 35.45 DM 02.78% 49.2%0 53.9%0
07/01/1995 - 12/31/1995 36.33 DM 02.48% 46.23 DM 0.50%
01/01/1996 - 06/30/1996 37.92 DM 04.38% 48.5%0 53.4%0
07/01/1996 - 06/30/1997 38.38 DM 01.21% 46.67 DM 0.95%
07/01/1997 - 06/30/1998 40.51 DM 05.55% 47.44 DM 1.65% 48.7%0 54%, 00
07/01/1998 - 06/30/1999 40.87 DM 00.89% 47.65 DM 0.44% 48.5%0 53.6%0
07/01/1999 - 06/30/2000 42.01 DM 02.79% 48.29 DM 1.34% 48.4%0 53.3%0
07/01/2000 - 06/30/2001 42.26 DM 00.60% 48.58 DM 0.60% 48.2%0 52.9%0
07/01/2001 - 12/31/2001 43.15 DM 02.11% 49.51 DM 1.91% 48%, 00 52.6%0
01/01/2002 - 06/30/2002 € 22.06224 € 25.31406
07/01/2002 - 06/30/2003 € 22.70000 02.89% € 25.86000 2.16% 48.3%0 52.9%0
07/01/2003 - 06/30/2004 € 22.97000 01.19% € 26.13000 1.04% 48.5%0 53.3%0
07/01/2004 - 06/30/2005 - NO - NO 48.6%0 53%, 00
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 € 23.09000 00.52% € 26.27000 0.54% 47.24% 51.31%
07/01/2008 - 06/30/2009 € 23.34000 01.08% € 26.56000 1.10% 46.58% 50.5%0
07/01/2009 - 06/30/2010 € 24.13000 03.38% € 27.20000 2.41% 47.58% 52.01%
07/01/2010 - 06/30/2011 - NO - NO 47.16% 51.62%
07/01/2011 - 06/30/2012 € 24.37000 00.99% € 27.47000 0.99% 46%, 00 50.1%0
07/01/2012 - 06/30/2013 € 24.92000 02.26% € 28.07000 2.18% 45.4%0 49.4%0
07/01/2013 - 06/30/2014 € 25.74000 03.29% € 28.14000 0.25% 45.1%0 48.9%0
07/01/2014 - 06/30/2015 € 26.39000 02.53% € 28.61000 1.67% 44.4%0 48.1%0
07/01/2015 - 06/30/2016 € 27.05000 02.50% € 29.21000 2.10% 44.1%0 47.7%0
07/01/2016 - 06/30/2017 € 28.66000 05.95% € 30.45000 4.25% 44.5%0 48.1%0
07/01/2017 - 06/30/2018 € 29.69000 03.59% € 31.03000 1.90% 44.8%0 48.3%0
07/01/2018 - 06/30/2019 € 30.69000 03.37% € 32.03000 3.22% 44.6%0 48.1%0
07/01/2019 - 06/30/2020 € 31.89000 03.91% € 33.05000 3.18% 44.7%0 48.16%
07/01/2020 - 06/30/2021 € 33.23000 04.20% € 34.19000 3.45% ? 48.21%
NO Zero round , no pension increase.

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

Period
01/01/1957 - 12/31/1957    04,281 DM
01.01.1958 - 31.12.1958 04,542 DM
01/01/1959 - 12/31/1959 04,812 DM
01/01/1960 - 12/31/1960 05,072 DM
01/01/1961 - 12/31/1961 05,325 DM
01/01/1962 - 12/31/1962 05,678 DM
01/01/1963 - 12/31/1963 06,142 DM
01/01/1964 - 12/31/1964 06,717 DM
01/01/1965 - 12/31/1965 07,275 DM
01/01/1966 - 12/31/1966 07,857 DM
01/01/1967 - 12/31/1967 08,490 DM
01/01/1968 - 12/31/1968 09,196 DM
01/01/1969 - 12/31/1969 09,780 DM
01/01/1970 - 12/31/1970 10,318 DM
01/01/1971 - 12/31/1971 10,967 DM
01/01/1972 - 12/31/1972 12,008 DM
01/01/1973 - 12/31/1973 13,371 DM
01/01/1974 - 12/31/1974 14,870 DM
     
Period
01.01.1975 - 31.12.1975    16,520 DM
01.01.1976 - 31.12.1976 18,337 DM
01/01/1977 - 12/31/1977 20,161 DM
01/01/1978 - 06/30/1978 21,608 DM
07/01/1978 - 12/31/1979 21,068 DM
01/01/1980 - 12/31/1980 21,911 DM
01/01/1981 - 12/31/1981 22,787 DM
01/01/1982 - 06/30/1983 24,099 DM
07/01/1983 - 06/30/1984 25,445 DM
07/01/1984 - 06/30/1985 26,310 DM
07/01/1985 - 06/30/1986 27,099 DM
07/01/1986 - 06/30/1987 27,885 DM
07/01/1987 - 06/30/1988 28,945 DM
07/01/1988 - 06/30/1989 29,814 DM
07/01/1989 - 06/30/1990 30,709 DM
07/01/1990 - 06/30/1991 31,661 DM
07/01/1991 - 12/31/1991 33,149 DM
  

Web links

Individual evidence

  1. Due to a safeguard clause , at least one so-called zero round takes place.
  2. Pension insurance in time series, page 258. German Federal Pension Insurance, October 26, 2018, accessed on July 10, 2019 .
  3. Pension Value Determination Ordinance (RWBestV) 2011
  4. Pension Value Determination Ordinance (RWBestV) 2012
  5. Pension Value Determination Ordinance (RWBestV) 2013
  6. Pension Value Determination Ordinance (RWBestV) 2014
  7. Pension Value Determination Ordinance (RWBestV) 2015
  8. Pension Value Determination Ordinance (RWBestV) 2016
  9. Pension Value Determination Ordinance (RWBestV) 2017
  10. Pension Value Determination Ordinance (RWBestV) 2018
  11. Pension Value Determination Ordinance (RWBestV) 2019
  12. 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 .