The Deutsche Rentenversicherung Bund counted 816,000 new pensioners in 2019. Not only are there more and more people, they are also retired significantly longer than before.

The number of pensioners is increasing in Germany.

Dhe baby boomers are getting old: In Germany, more people are retiring every year. Last year, around 816,000 insured persons received a retirement pension from the statutory pension insurance for the first time. This was announced by the German Pension Insurance Association of the FAZ in Berlin. Compared to 2018, the increase was around 4.1 percent. “The increase is mainly due to demographic factors, as the more populated cohorts have retired,” explained the pension insurance. This means that around 21 million pensioners now live in Germany.

Most frequently, the pension insurance approved the so-called regular old-age pension in 2019. Here, the age limit for those who were born in 1954 and were 65 last year is 65 years and 8 months. Around 357,000 new retirees received this pension. Compared to 2018, there was an increase of around 5.1 percent. “This increase is mainly due to the fact that predominantly female insured persons have acquired a pension entitlement for the first time through the additional crediting of child-rearing periods of six months per child born before 1992,” it said. The black-red coalition decided to extend the maternal pension right at the beginning of the legislative period.