Germany Boosts Pensions for Low-Income Seniors
The German Pension Insurance Agency has announced a social security supplement programme for low-income seniors and those receiving social assistance. The programme, which is part of the basic security in old age, can provide an extra €281.50 per month. Friedrich Merz recently expressed concerns about the sustainability of social security and citizen's income.
To apply for the social security allowance, one must contact the social welfare office and provide evidence of income, rental costs, and assets. The allowance is available to those with at least 33 years of basic pension periods, including childcare, care, or periods with mandatory contributions in case of illness.
The German Pension Insurance Agency offers free assistance in filling out forms through social associations, advisory centers, and their own services. They also provide information about social security, basic security, and consultation appointments via their free hotline (0800 1000 4800).
The allowance ensures that part of the social security is not counted towards basic security, increasing the chance of receiving state support. However, savings up to €10,000 are protected when applying for basic security in old age. Regularly reviewing one's own records and seeking support when unsure is recommended by advisory centers.
The social security supplement programme for basic security in old age can provide a significant boost to low-income seniors and those receiving social assistance. With an extra €281.50 per month, it can help improve their quality of life. The German Pension Insurance Agency and other support services are available to assist with the application process.
