Wrong pension notices cause trouble – expert advises to control

Almost half of all pension notices in Germany are flawed. For years, pensioners receive less money. Pension advisors therefore advise on a comprehensive audit.

If a person is late in paying contributions to Sodra, it calculates late payment interest and can deduct money from the account at any time. However, Sodra itself may not pay people pensions if it does not receive their applications within the specified time. Thus, residents who are “late” lose the money they are entitled to. Even if they have dutifully paid all contributions. Is giving people their money “too much of a burden”? Recently, a gr…

Reading time 3 minutesSince 1 January 2025, new pension provisions have entered into force, which apply to many pensioners. The changes relate in particular to the income allowances for the basic pension. The background to these changes is the adjustment of the pension value, which has already been in force since 1 July 2024 and thus forms the basis for calculating the new income allowances. Why are the income allowances increased? The main reas…