Retirement
The pension level describes the ratio of a standard pension (45 contribution years) to the average income and currently sits at about 48%.
The pension level (Rentenniveau) is a metric showing how high the statutory pension is relative to average income.
The reference figure is the so-called standard pension, that is the pension of a person who has paid contributions for 45 years at the average income level. The pension level currently sits at about 48%.
The pension level is a statistical measure and does not equal an individual's pension. A level of around 48% means the standard pension is noticeably below prior average income, which underlines the role of supplementary provision. The figures reflect the current position and are subject to change.
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