Pension abroad: How to secure your claims in good time!

Pension abroad: How to secure your claims in good time!

13496 Berlin, Deutschland - More and more German pensioners are considering spending their pension abroad. However, there are important aspects that must be observed. According to Ruhr24 keep pensioners who live abroad for a maximum of six months in the year. In the event of a permanent stay, however, the location of the pension reference becomes crucial, and pensioners should inform themselves in advance in order to avoid unexpected cuts.

For pensioners who move to an EU country or to countries such as Iceland, Liechtenstein, Norway and Switzerland, the pension is fully preserved. These states have social security agreements with Germany that ensure that pension claims are paid out without deductions. In contrast, when moving to countries outside the EU, there is a risk of cuts in pension without such an agreement. The German Pension Insurance (DRV) provides information about these risks and advises individual advice before moving to avoid possible disadvantages.

important information when moving abroad

When moving abroad, it is essential to inform Deutsche Post AG's pension service at least two months before the move. This also includes the notification of the new account and the address. Pension payment can be transferred to an account of your choice-however, it is important to note that additional costs can arise for transfers outside the SEPA zone. Checks are also an option, but associated with longer processing times, which can lead to delays.

• pension is retained in the full amount of stay in an EU country or the states mentioned.
• In the case of countries without social security agreements, pension cuts can occur.
• inform the pension service at the latest two months before the move.
• annual life certificate required to confirm the pension entitlement.

In addition, pensioners must make sure that according to Deutsche Rentenversicherung An annual evidence of its life situation, the so-called life certificate, must be submitted. This is sent in the middle of each year and should be sent back immediately to secure the pension entitlement.

social security agreement and their importance

The Federal Government has concluded social security agreements with numerous states to ensure that foreign working hours and pension entitlements are not lost. These agreements enable German pensioners to assert their claims abroad. There are currently 18 two -sided agreements with 21 states, including the sending agreement with the People's Republic of China, which is intended to avoid double insurance, but does not contain any regulations on pension claims. These agreements are particularly important because they largely reduce the disadvantages that could arise from different insurance systems in different countries.

Overall, pensioners who plan to move abroad should act early and get a comprehensive advice in order not to endanger their pension claims. Direct communication with German pension insurance is essential to take all the necessary steps in good time.

For further information on the social security aspects and agreements, the Deutsche Rentenversicherung on its detailed pages. There are all relevant details on international pension claims.