Income and assets

Initial pension

Your income or other pensions you may receive do not affect the amount of the initial pension.

Continuing pension

Continuing pension consists of a basic amount and a means-tested supplement.

The supplemental amount is offset against nearly all other income you may have. Of the value of earnings, unemployment benefits, sickness allowances and the Child Home Care Allowance, 60% is offset against the supplemental amount of your continuing pension. For farmers and self-employed persons, income certified in accordance under the Self-Employed Persons' Pensions Act or the Farmers' Pensions Act counts for purposes of the suppelmental amount.

Income is assessed at gross value (minus any interest paid on housing loans).

If your income is EUR 55.62 per month maximum, you are eligible for a full amount of the continuing pension.

Assets

Assets have no effect on the initial or continuing pensions.

Updated 12/31/12