This is how it is calculated
Your future retirement pension
From the time you retire, you will receive a retirement pension and/or a lump-sum payment.
You can take voluntary retirement after your 60th birthday (or with some pension plans, after your 58th). If your employer agrees, you can stay in employment after you turn 65, and remain an active member of your pension plan until your 70th birthday at the latest. The contributions that you and your employer continue to pay after you turn 65 also further increase your pension. You can take partial retirement by reducing your working hours in a number of stages.
The annual retirement pension is calculated as follows: RA x CR = RP
RA = Retirement assets at the time of retirement
CR = Conversion rate for the retirement age
RP = Retirement pension per year
The conversion rate is calculated to the nearest month.
| Alter | Umwandlungssatz | |
|---|---|---|
| 60 | 4,47% | |
| 61 | 4,58% | |
| 62 | 4,70% | |
| 63 | Men and women, except women born in 1963 or earlier | 4,83% |
| 63 | Women born in 1963 or earlier | 4,90% |
| 64 | Men and women, except women born in 1963 or earlier | 4,96% |
| 64 | Women born in 1963 or earlier | 5,09% |
| 65 | 5,09% | |
| 66 | 5,24% | |
| 67 | 5,40% | |
| 68 | 5,58% | |
| 69 | 5,76% | |
| 70 | 5,96% |