Abroad Pensions: Germany's Pension Insurance Dishes Out 12,600 Pensions Abroad
Overseas Pension Insurance Office Disburses 12,600 Benefits Abroad - Foreign pension benefits distributed: 12,600 recipients outside domestic borders
Germany's pension insurance, Mitteldeutschland, dishes out approximately 12,600 pensions to foreign lands. A whopping 96% of these pensions, roughly 12,100, find their way to EU member states, according to a recent announcement. This accounts for roughly 0.8% of all pension distributions by the Krauts' Pension Insurance in Saxony, Saxony-Anhalt, and Thuringia.
Living and earning a living as employees within the European Union doesn't leave a social security gap, as the German Pension Insurance informed on Europe Day, May 9th.
Around 3,600 pensions are bestowed upon retirees dwelling abroad, with about 3,300 residing in EU countries. Five years ago, there were only 2,200 payments on the books, a considerable 55% surge.
The statistics from German Pension Insurance Mitteldeutschland underscore that a growing number of folks from other EU states are putting in their time in Saxony, Saxony-Anhalt, and Thuringia, complying with the mandatory pension contributions. For instance, in Saxony, about 35,600 people can be found now, contrasted to 24,700 five years ago. This leap is attributed to the strengthening of the freedom of movement of workers, making life easier for many EU citizens to work in Germany.
In Saxony-Anhalt, roughly 18,600 foreign citizens from EU countries were found in the latest count, compared to 12,100 five years ago. In Thuringia, the number swelled from around 17,100 to approximately 24,300 over the past five years.
German Pension Insurance Mitteldeutschland, stationed in Leipzig, forks over around 1.5 million pensions each month.
- German Pension Insurance
- Pension Insurance
- EU
- Mitteldeutschland
- Saxony
- Saxony-Anhalt
- Thuringia
The exact distribution and increase trend of German pensions paid abroad—especially to EU countries—for the past five years isn't readily available in existing data[1]. For definite, up-to-date figures, official reports from the Deutsche Rentenversicherung or Eurostat would be essential. Still, it's clear that an increasing number of EU citizens are finding work in Germany, contributing to the nation's pension system.
- The German Pension Insurance, Mitteldeutschland, has been issuing approximately 12,600 pensions to foreign countries, with about 96% of these pensions going to EU member states.
- Approximately 3,300 retirees living overseas receive pensions from the German Pension Insurance, with the majority residing within the European Union.
- The increase in the number of pensions issued to EU countries over the past five years has been considerable, with a surge of 55% in the number of pensions paid to retirees living overseas.
- In line with this trend, there has been an increase in the number of EU citizens working in Germany, with the number of foreign citizens in Saxony, Saxony-Anhalt, and Thuringia rising significantly over the past five years.
- Despite lacking precise data on the exact distribution and increase trend of German pensions paid abroad, it is clear that an increasing number of EU citizens are finding work in Germany and contributing to the nation's pension system.
