Work & family · Jurisdiction DE

Reading the pension statement

The pension statement from German statutory pension insurance shows what pension has built up on today's rules. It is not a guarantee of the amount in old age.

In more detail

The statement names the pension built up so far for old age and for a pension for full reduction in earning capacity, plus a projection of the standard old-age pension if contributions continue at the average of the last five years. Beside that are two calculation variants that assume a yearly adjustment of 1 percent and of 2 percent. Those are not forecasts. All of these figures sit under today's law and under assumptions. None is a notice of a pension already awarded. Finmon does not read an insurance record.

Background

Gaps in the record, missing periods or a later state of the law can change the figures. For that there is the record clarification at German statutory pension insurance, an administrative procedure and not a calculator in this app. Someone who wants to read their own statement asks the pension insurance. Finmon builds no forecast.

An example

The statement shows several euro amounts: the entitlement built up so far, the projection if contributions continue, and the variants with a 1 percent and a 2 percent adjustment. None of them is a promise that those exact euros will arrive later. If a period is missing from the insurance record, you tell the pension insurance and submit evidence; it can then check that period.

A common misconception

The figure on the pension statement is the amount that will certainly be paid later.

It shows a position under today's law and under assumptions. The law, the periods and further contributions can change it.

Source: DRV · Broschüre „Die Renteninformation: mehr wissen“. Last reviewed: 2026-10-29. Editorially reviewed on 2026-10-29. Next review 2027-10-29. Version 0.2.0. Finmon explains. It does not advise. Not investment, tax or legal advice.