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SpanishGermany. Retirement: income for the pension insurance increased significantly
The revenue of The statutory pension insurance increased significantly in January: With 19.4 billion euros, the level was 5.3 percent year-on-year. According to a spokesperson of the German statutory pension insurance scheme, the development is due mainly to the increase in wages and high employment.
However, the so-called Sustainability reserve of the pension Fund decreased in January to 38 billion Euro, a decrease of 0.2 percentage points compared to January, 2018. That’s the equivalent of 1,69 month of the pension insurance expenditure.
Experts attribute this decline to the recently adopted by the Federal government’s pension package. So, among other things, performance improvements in mothers ‘ pension, and disability pension were to the beginning of the year, entered into force.
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