You may be entitled to a standard old-age pension after reaching the standard retirement age:
- If you were born between 1947 and 1963, the standard retirement age is raised in stages.
- If you were born in 1964 or later, it is 67.
You can only claim the standard old-age pension if you have been insured for a certain period of time. This minimum insurance period is called the waiting period. The waiting period for the standard old-age pension is five years.
The following are taken into account for the waiting period:
- Contribution periods, for example:
- Contributions from employment or self-employment.
- The following also count under certain conditions:
- Months in which you received sickness benefit or unemployment benefit, for example,
- Months between January 2005 and December 2010 in which you received unemployment benefit II or transitional allowance.
- Voluntary contributions
- Child-raising periods for the first two and a half or three years of life.
- Months of non-occupational home care.
- Contributions from mini-jobs that you paid together with your employer.
- Substitute periods: for example, months of political persecution in the GDR.
- In the event of divorce: eligible months from pension equalisation.
- Creditable months from pension splitting between spouses or registered partners.
- Creditable months for insurance-free mini-jobs.
You cannot receive the standard old-age pension early, even with deductions.
If you receive a standard old-age pension, you can earn unlimited additional income.