Pensions in Germany
All employees in Germany - including expats - are automatically deducted a percentage of their salary each month to contribute to the German social security system. The main deduction is the Pension Insurance Fund (Rentenversicherung), currently 9.3% of the gross monthly salary. Once the employee hits retirement age in Germany (65 years and 7 months in 2020, rising to 66 in 2023), it becomes possible to receive the pension.
But what if you don’t plan on living in Germany until retirement? Well, if you decide to leave, you can claim a refund for your contributions to the Pension Insurance Fund in some cases
Requirements in order to be eligible
- You are not a citizen of member country of the European Union citizen
- You are no longer tax resident in the European Union
- You have not worked in Germany for the last 24 months (2 years)
Nationals from the USA, Canada, Australia, Brazil, South Korea, India, Israel, Japan, Uruguay, Chile, Morocco, Tunisia, Philippines, Moldova, Albania and Macedonia: as Germany has Social Security agreement with this countries, to claim a pension refund you need to have worked in Germany for less than 60 months (5 years).
All other nationals of non-EU countries have no contributed-time limit.
Check your Pension Status
If you are not sure if you are eligible – you can check with the German Pension Insurance Fund to find out.
We recommend Fundsback free PensionCheck service to make sure that your contributions are properly recorded in your personal pension insurance account. This step is very important as it ensures that no contributions are lost or credited.