Accident pension and old-age pension - you should know that.
The receipt of an old-age pension does not exclude the accident pension, but can also be paid in parallel. But what is actually behind the respective types of pension and when are they paid. A short guide gives you an overview
The statutory and private accident pension
Every employee is legally insured with the employers' liability insurance association. You do not pay any contributions for this, these are paid in full by the employer. All accidents that occur in connection with your work are insured, including accidents on the way to work.
Children are legally insured in school and kindergarten as well as on the way there. Accidents that happen outside of these times are not covered by the insurance.
If, as a result of an accident, a handicap occurs that restricts gainful employment, the statutory insurance pays an accident pension as the last alternative. With this pension, the reduced income should be compensated.
Since, according to statistics, only about 30% of all accidents happen in working life, it is a private one
Accident insurance sensible. It can be taken out for any age - including children.With private contracts, you can largely determine the insured benefits yourself. A combination of a one-off payment and an accident pension is often chosen. The latter usually only pays from a degree of disability of 50%
According to Section 3 (1a) of the Income Tax Act, the statutory accident pension is basically ...
Old-age pension - statutory and private
Every employee pays compulsory contributions to the statutory pension insurance. In addition, the self-employed can pay voluntary contributions to a claim on the statutory Retirement pension to acquire.
A full retirement pension is available from the age of 65. Age. From 2012 this limit will be increased annually by one month until the age of 67 is reached. In addition, from 2012 employees who have paid 45 years of age can also pay in before the age of 65. Year of age receive the full retirement pension. If you want to apply for a pension before this age limit, you will receive reduced payments.
It has long been known that the statutory pension will not be sufficient. For this reason, there are more and more private contracts to provide for old age. The spectrum ranges from pure savings contracts to contracts that pay out monthly amounts, similar to a retirement pension.
Depending on whether the contract is supported by government subsidies or not, the terms can be chosen more or less freely. In any case, the insurance amount or the pension that is saved through the monthly contributions. The earliest reference age is usually between 60 and 65 years.
Combinations of the two pensions
If you are already drawing a statutory accident pension and are reaching the age for the statutory old-age pension, you will not receive both pensions in full at the same time. The remaining accident pension will be offset against the old-age pension. This calculation is always individual and depends on various factors, such as degree of disability, age, payment years, etc. away.
In case you have an accident pension from a private insurance are not offset against the retirement pension. The old-age pension is paid independently of other income - this category includes the private accident pension. However, you must check the contract conditions of your private accident insurance to see whether the payment of the accident pension will be reduced or stopped with the receipt of the old-age pension.
Enter the private retirement provision a, this also does not affect the pensions from the statutory or private insurance. They are always additional.
Only when applying for the so-called basic pension - also known as Hartz IV - are all pensions, whether private or statutory, taken into account.
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