For a long time, employees in Germany set aside part of their earnings for mandatory pension investment, and in the end they get little. Specifically, the average pension after 45 years and two months of work is 1.500 euros.
For a pension of 1.250 euros, an employee must work and pay contributions for 37 years and seven months, the Ministry of Social Welfare announced at the request of Zeren Pelman, a member of the Left Party.
For a pension equal to the minimum insured sum of 938 euros, the worker must pay for 28 years and three months.
The Ministry based the calculation on the assumption that the employee retired on January 1 of this year, after receiving the average salary and average payments to the pension fund.
However, many do not earn the national average. According to the data of the state insurance, this year it is 45.358 euros, which indicates that millions in Germany do not get an adequate pension even after decades of work.
Pelman also asked how much the pensioners paid according to the set parameters.
For 1.500 euros per month, during their working life they had to pay 119.066 euros, deducting from the total gross earnings of 1,25 million euros.
For 1.250 euros, during those 37 years and seven months, they had to pay 107.800 out of the gross 107.810, and for the basic pension of 938 euros, that is 88.497 euros allocated from the gross earnings of 921.735.
The Left, the smallest party in the Bundestag, demands a 10 percent increase in all pensions.
"The German pension system has been battered by the politics of the Social Democrats (SPD), the Greens and the Liberals (FDP)," said Pelman, head of the Left parliamentary group.
"Pensioners get too little after long contributions," he added.
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