Next stage for retirement at 67 begins!
Next stage starts 2025
In 2025, those born in 1960 will reach the statutory retirement age of 65. However, turning 65 in that year does not automatically mean you can retire without deductions. This is due to the gradual increase in the standard retirement age to 67, which has been in effect since 2012. This also extends the waiting period for the 1960 cohort to receive a full pension without deductions.
Standard retirement pension
The standard retirement age has been increasing annually since 2012 – initially by one month per birth year, and from the 1959 cohort by two months each year. For those born in 1960, this means the full pension without deductions is available at 65 years and 10 months. So, if you turn 65 in 2025, you will need to wait about ten more months to retire without deductions.
Pension for those with particularly long insurance periods
Those with particularly long insurance periods, meaning at least 45 years of contributions, could originally retire at 63 without deductions. For those born from 1953 onwards, the retirement age is also being gradually increased – by two months per birth year. The 1962 cohort, turning 63 in 2025, can therefore receive the full pension at 64 years and 8 months. From the 1964 birth year, the earliest retirement without deductions is at 65 years.
Pension for those with long insurance periods
Those with at least 35 years of insurance can retire at 63 – but must accept permanent deductions. The deduction is 0,3% for each month the pension is taken early. For the 1962 cohort wishing to retire at 63 in 2025, this results in a permanent deduction of 13,2%.
Retirement pension for severely disabled people
Severely disabled individuals with a disability degree of at least 50 can retire earlier under certain conditions – provided they have at least 35 years of insurance. Here too, the retirement age is being gradually increased.
The 1960 cohort can receive the full pension at 64 years and 4 months, the 1961 cohort at 64 years and 6 months, and the 1962 cohort at 64 years and 8 months.
Early retirement is possible but comes with deductions of up to 10,8%. For example, the 1964 cohort can receive the retirement pension for severely disabled people from 62 years – but with the full deduction.
Protection of legitimate expectations
Certain transitional regulations still apply for some severely disabled insured persons. Those born before 01.01.1964, who were already severely disabled on 01.01.2007 and received adjustment payments from the mining industry, can still retire without deductions at 63. Retirement at 60 is possible with a deduction of 10,8%.
Disability pension
In the case of full disability, earlier retirement is possible. In 2025, a disability pension without deductions is paid from 65. If the pension is claimed earlier, deductions of 0,3% per month, up to a maximum of 10,8%, must be accepted.
Widow's or widower's pension
The age limit for the large widow's or widower's pension is being gradually raised from 45 to 47 years by 2029. If the insured person dies in 2025, the age limit for the large widow's/widower's pension is 45 years and 16 months, i.e., 46 years and 4 months. For recipients of the small widow's/widower's pension, it is converted into the large widow's/widower's pension upon reaching this age limit.
Pension taxation
Pension taxation is also increasing. For pensions starting in 2025, the taxable portion of the pension is 83,5%. The fixed personal pension allowance remains unchanged from the third year of retirement. From this point, the pension is fully taxed after deducting the allowance and the standard deduction for income-related expenses of 102 Euro.
