Pensions in Germany Pensions in Germany Pensions in Germany are based on a “three pillar system”. The scheme is based on the pay-as-you-go (or redistributive) model. Funds paid in by contributors (employees and employers) are not saved (or invested) but are used to pay current pension obligations. Civil servants in Germany do not pay any contributions themselves but their salaries are correspondingly lower than those in the private sector. Recent changes to the system mean that from 2012 to 2023 the retirement age will go up to 66 by 2023. From 2023 the retirement age will be increased by two months each year,
Old-Age Pensions Act 1908 up by the county councils. Those eligible had to be over the age of 70, must have been a British subject for 20 years and have resided in the United Kingdom. It was open to both men and women, both married and single, and their "yearly means" must not exceed £31. 10s. Forms for applicants were available from the end of September 1908 and had to be returned to the postmaster of the post office that would pay the individual's benefit. The claims were assessed by the pension officers and then sent to the local pension committee for approval. On