About this video

• Video Title: Rente mit Jahrgang 1966: Was ist möglich?
• Channel: SoVD SH - Sozialrecht verständlich erklärt
• Speakers: Christian Schultz
• Duration: 10:09

Overview

This video explains the various pension options available for individuals born in 1966 in Germany. It covers eligibility for regular retirement, early retirement due to disability, retirement after 45 years of insurance, and the possibility of a partial pension while continuing to work.

Key takeaways

• Standard Retirement Age: For those born in 1966, the normal retirement age for the "Regelaltersrente" is 67, requiring at least 5 years of insurance contributions.
• Retirement with Disability: Individuals with a disability rating of at least 50 can retire earlier. With 35 years of insurance contributions, retirement is possible at 65 without deductions. Retiring earlier, even at 62, incurs a deduction of 0.3% per month before 65.
• Retirement with 45 Insurance Years: Those with 45 years of insurance contributions can retire at 65 without deductions. It's not possible to retire earlier than this with this specific insurance duration.
• Retirement with 35 Insurance Years: Individuals with 35 years of insurance contributions can retire at 63, but with deductions of 0.3% for each month before the standard retirement age of 67, totaling 14.4% if retiring at 63.
• Partial Pension (Teilrente): It is possible to receive a partial pension (between 10% and 99.99%) while continuing to work. Since 2023, there is no income limit for earned income when receiving an early or partial pension. This option also provides some benefits for extended illness or unemployment compared to a full regular pension.
• Important Considerations: Checking one's pension statement ("Rentenauskunft") and exploring the possibility of obtaining a disability pass ("Schwerbehindertenausweis") are crucial steps.

A disability rating of 50 or higher, which allows for obtaining a disability pass ("Schwerbehindertenausweis"), opens up several early retirement options. With 35 years of insurance contributions, one can retire at age 65 without any deductions. It's also possible to retire even earlier, but each month before age 65 will result in a 0.3% deduction, leading to a total of 10.8% deduction if retiring at age 62.