Foreign Pension Payments: Germany's Pension Insurance Doles Out 12,600 Overseas Benefits
Foreign pension payments total 12,600 recipients internationally through the pension insurance system. - International Pension Distributions: Disbursing 12,600 Pension Payments Overseas
Let the journey dive into the world of overseas pension benefits, as Germany's Pension Insurance Mitteldeutschland doled out approximately 12,600 such benefits abroad. The lion's share, around 12,100 or 96%, found their way to European Union member states - a statement made in an official press release. This accounts for about 0.8% of the total pension payments made by the German Pension Insurance in Saxony, Saxony-Anhalt, and Thuringia. 🇩🇪🌐
On the occasion of Europe Day, celebrated on May 9th, the German Pension Insurance explained that working and living as employees in the European Union doesn't equate to any social security penalties.
Approximately 3,600 pensions are disbursed to German retirees residing overseas. Of this count, around 3,300 are enjoying retirement within the EU. This pension-savvy population has experienced a 55% surge in the past five years, going from 2,200 beneficiaries to 3,600.
The numbers from German Pension Insurance Mitteldeutschland hint that an increasing number of folks from other EU states are contributing to pension insurance in Saxony, Saxony-Anhalt, and Thuringia. In Saxony, this labor force has swollen from around 24,700 to approximately 35,600 in the last five years. The freedom of movement has made working in Germany seem easier for many EU citizens.
In Saxony-Anhalt, the number of workers from other EU countries has scaled up from around 12,100 to approximately 18,600 in the last five years. In Thuringia, this number has risen from around 17,100 to approximately 24,300.
The German Pension Insurance Mitteldeutschland, nestled in Leipzig, disperses around 1.5 million pensions per month.
- German Pension Insurance
- Pension Insurance
- EU
- Mitteldeutschland
- Saxony
- Saxony-Anhalt
- Thuringia
(Note: Over the years, the number of overseas pensions paid by the German Pension Insurance Mitteldeutschland has been steadily increasing, particularly within EU countries, due to the growing trend of freedom of movement, retirement migration patterns, and bilateral agreements facilitating pension payments across borders. For the most accurate and up-to-date figures, consult the official annual reports or statistical releases of the German Pension Insurance Mitteldeutschland.)
- The German Pension Insurance Mitteldeutschland has been increasingly paying out more pensions to retirees living overseas, with approximately 3,600 pensions currently distributed.
- A significant portion of these overseas pensions, around 3,300, are disbursed to German retirees residing within the EU, indicating a growing trend of retirement migration within the EU.
- Over the last five years, the number of workers from other EU states contributing to pension insurance in Saxony, Saxony-Anhalt, and Thuringia has significantly increased, reaching approximately 35,600 in Saxony, 18,600 in Saxony-Anhalt, and 24,300 in Thuringia.
- The potential disadvantages and financial implications of this trend, such as the impact on public finance and business in the regions, have not been explicitly discussed in the provided text.
