If you want to receive an unabridged statutory pension, you first have to reach a certain age. You can find out which standard age limit applies to you here.
When you can retire without having to accept deductions depends on the year in which you were born. Because depending on the year, the legislator provides for different standard age limits. Employees who were born before January 1, 1947 could still retire at the age of 65 without any deductions. A staggered regulation applies to all subsequent years.
The retirement age will gradually increase to 67 by 2031. 2023 is the last year in which the age limit will be raised by one month each year. With those born in 1959, it will begin to rise in two-month increments from 2024. You can see what this means for you in concrete terms in the following table.
Tables with the Rule Alters Limits
This table shows the retirement age by year of birth:
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Reaching the statutory retirement age alone does not, however, secure you a pension. You must also have paid into the statutory pension insurance for at least five years in order to receive an old-age pension at all.
Exception for long-term insured
You may also be able to retire before you reach retirement age without having to accept deductions. This applies to particularly long-term insured persons. You are included if you have at least 45 years of insurance history.
But there are also age limits for early retirement without deductions, better known as retirement at 63. Contrary to what the unofficial name would suggest, these are not all 63 years of age. The retirement age for this old-age pension also depends on your year of birth (more on this here).
If you do not reach 45 insurance years, but at least 35, you are considered to have been insured for many years and can also retire early. However, you will then not be able to avoid a pension reduction.
