Supplement for taking late retirement

The retirement pension may be postponed as long as compulsory contributions are still made. In this case, a supplement of 0.5% is granted for each month that the retirement pension is postponed after reaching the normal retirement age. For example, if the retirement pension is requested one year after having already reached the normal retirement age, this adds up to 12 months x 0.5% = 6%. The postponed retirement pension then equals 106% of the attained pension entitlement. This request may be submitted at the latest six weeks prior to the desired date to begin receiving a pension. In order to be able to issue the pension statement on time, we should have received any additional payments at the latest two months prior to the desired date to begin receiving a pension and these payments should be indicated in writing. (Legal basis: § 27 and § 30 of our Statutes.)