First of all, the retirement system in Germany is very similar to our INSS (National Insurance Institute).
In this sense, the staff contributes for social security during working life.
And this contribution produces a bottom.
And thus, ensuring your retirement in the future.
Some benefits attract the attention of people all over the world.
For example, quality of life, health and safety.
However, whoever moves to the land of potatoes to to work, one soon wonders how social security works in the country.
Therefore, there are some important details to be said.
For example, the minimum age to retire, which is 67 years old.
But of course there are some exceptions for people who work in more difficult conditions.
Oh, and there's the issue of contribution time.
Which in general, is of 35 years old.
But look, the value of retirement varies a lot.
It all depends on the salary you have earned during your life.
And the average value in the last years of work.
Additionally, there is still an option of early retirement.
However, the value may be lower than expected.
Overall, the German system is always well ordered.
How does retirement work in Germany?
We know that the country has a great single health system.
Furthermore, Germany is among one of the best countries to have a good quality of life.
Therefore, life expectancy is among the highest in the world.
In this sense, with the population aging more.
The social security system is becoming less and less prepared to meet all the needs of the elderly.
Retirement in Germany works on a one-year plan simple distribution.
But do you know what this is?
Let us explain…
Employers and active workers help finance the retirement of those who no longer work.
This contribution is compulsory.
Corresponding to 18.6% of the salary.
So half of it is the employer who pays.
And the other half is the employee!
Some of the freelance professionals also pay this contribution. compulsory form.
Journalists, for example, are one of them.
Already in some categories of self-employed workers.
The person has the right to decide whether or not they want to participate in this system.
Ultimately, the amount received upon retirement in Germany is defined by several factors.
Such as age, average income during the period worked and contribution time.
When applying for retirement.
The value of the benefit that will be PAID is calculated.
Nowadays, the minimum retirement age is 65.6 years.
Since 2012, this age has gradually increased.
The focus is to reach 67 years of age in 2029.
Amount received
Retirement in Germany offers retirees an amount that, on average.
It corresponds to 48% of the amount they already earned while working.
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Unlike Brazil, where the minimum wage is defined based on retirement.
In this sense, there is no minimum value for the benefit.
Making poverty among the elderly always a much discussed topic in the country.