Annual additional earnings threshold for early retirees increased!
Until now, recipients of an early old-age pension were only permitted to earn a total maximum of EUR 6,300 per year in additional income without their statutory pension being reduced.
This additional earnings threshold for the early old-age pension is being raised to EUR 44,590 until the end of 2020!
Frequently asked questions
Frequently asked questions
What is the regular additional earnings limit for early old-age pensions?
Recipients of an early old-age pension may regularly earn up to EUR 6,300 per year in addition without any reduction of their statutory pension. If this threshold is exceeded, the excess amount is partially offset against the pension.
What was the additional earnings threshold for early retirees raised to in 2020?
Due to the coronavirus crisis, the annual additional earnings threshold for early retirees was raised to EUR 44,590 until the end of 2020. This was intended to allow early retirees to support systemically relevant sectors without a pension reduction.
For what period does the increased additional earnings limit of EUR 44,590 apply?
The increased additional earnings limit of EUR 44,590 applies on a temporary basis until the end of 2020. Thereafter, the regular limit of EUR 6,300 per year will resume, unless a further statutory extension is enacted.
Who is affected by the increased additional earnings limit for pensions?
This affects recipients of an early old-age pension, meaning those who retired before reaching the regular retirement age. For regular old-age pensioners who have reached the standard retirement age, no additional earnings limit applied in any case.