Employment Law

DE

Abolition of supplementary income limits even in the case of early retirement. A contribution to securing skilled labour?

Retirees who reach their statutory retirement age can earn an un­limited amount without having to accept deductions from their statutory pension. This opens new opportunities to retain skilled labour in the company.

The supplementary income limits for the statutory pension (GRV) were abolished on 1 January 2023 (see also https://lnkd.in/dWx8qtDg). This opens opportunities for employers and employees alike to organize smooth transitions from active working life to retirement. Our consulting experience shows: A combination of part-time work and retirement can keep the skilled staff needed in the company for longer. The company pension scheme is an elementary component in enabling employees to achieve this flexibility economically.

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From Dietmar Ketzer and Alexander Schaub

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