WHAT CAN WE STILL EXPECT FROM THE STATUTORY PENSION INSURANCE TODAY?
For those born after 1961, the model of the occupational disability pension has been replaced by the reduced earning capacity pension: they only receive the full reduced earning capacity pension (approx. 34% of their last gross income) if they are capable of working for less than 3 hours a day. If you are capable of working 3-6 hours a day, you can only count on half the reduced earning capacity pension (approx. 17% of the last gross income). If you are ready to work for more than 6 hours, no benefit is payable, since the learned profession is not taken into account and pure workability counts in any possible gainful employment. If you were born before 02.01.1961, you will be slightly better off and receive half of the reduced earning capacity pension even if you cannot work more than six hours a day in your learned or comparable occupation.
HOW HIGH SHOULD YOUR OCCUPATIONAL DISABILITY PENSION BE PER MONTH?
The optimum amount of the occupational disability pension depends on your personal needs. However, you should cover at least one-third of your current net salary; the optimum would be 60% to 80%. When calculating your pension, you should take into account any payments from occupational pension schemes or rental and interest income, as the lower you can calculate your pension. The occupational disability pension should always be high enough to enable you to pay pension contributions even in an emergency. It is also possible to arrange for an exemption from your pension contributions in the event of occupational disability.
WHAT SHOULD YOU PAY ATTENTION TO DURING THE HEALTH CHECK?
The questions on health must be answered completely and truthfully in order not to risk the existing insurance cover. Insurance companies often ask for medical check-ups within the last five years. In the case of hospitalisation, the last ten years are asked. Especially in the event of a claim, the insurance company reserves the right to check your details carefully. This is done by releasing the attending physician from the duty of confidentiality. In addition to health issues, precise information on hobbies and profession is also required. If your profession changes during the contract period or you start a risky hobby, this does not have to be reported.