Retirement

Retirement refers to the condition in which a person is located at the end of working life. This status is obtained by the termination of work, particularly in old age and can be given in honor or professional titles with the abbreviation retd ( " retired ").

The retiring workers associated with complying with a corresponding entitlement to the first occupation of the pension from the statutory pension insurance and indicates the last period of life of the former employee. Officials receiving a pension at the end of their working life if the requirements for a retirement. Self-employed then enter retirement when they are in "their " company (if it exist after the retirement of its owner remains ) perceive no more management functions and then not otherwise gainfully employed.

The exercise of a marginal employment does not cause someone who is retired, loses the status of a retiree.

Regular retirement for employees and officials

The retirement began in Germany until 2011 with the month following the completion of the 65th year. Since 2012, the members of each new retirees - vintage 1959 two months must initially one month from the birth cohort remain in the workforce longer than the one year older when the person concerned wish to receive the full retirement pension. From the year 2029 the retirement age will begin with the age of 67. From this scheme, the 1964 and later births are affected. The rules for receiving benefits of the German pension insurance is also applied to most of the German officials. In Austria similar decisions shall be valid, while there is a flexible retirement age in Switzerland.

Many retirees who were formerly employed in Germany, living abroad, since payments, was acquired in Germany an entitlement, also be transferred usually abroad. The same applies to retirees who have spent most of their working lives in Austria or Switzerland.

Early retirement

Early retirement defined as the time between the termination of the employment and the entry of the statutory pension and retirement age. An early use of retirement benefits generally leads to a reduction of the amounts paid. In Germany everyone who prematurely retires or receives pension until his death in a deduction of 0.3 percent of the full pension benefits for each month by which he extended his retirement. To seniors who do not receive transfer payments from the public pension or no pension officials, the term early retirement is not reasonably applicable.

In Germany, a departure from the customary practice since the 1970s can be seen to send older workers to reduce unemployment in early retirement. Systematic early retirement, the relationship between payers shifts in the pension funds and pensioners.

Demonstrably increases the willingness of sufficiently healthy to remain in employment beyond to reach the statutory retirement age and partially. Here, the steady reduction in the amount of payments of the public pension system plays a role

However, if the amount of the retirement income would not matter, then more than half of the respondents would retire before his 60th birthday after a 2013 survey conducted by GfK. To employment over the age of 65, only nine percent of respondents would be willing.

Consequences of retirement

The transition to retirement may be personally very drastic for patients and their families, especially if retirees are no longer employed and maybe even no volunteer work. Major causes of the problems associated with the end of the employment changes in the accustomed way of life are: the reduction of income, the change of role behavior, the loss of status symbols, the lack of ideas and experience success, the loss of collegial relationships and the withdrawal of the social environment, in which one has spent a large part of his time.

Evaluation of a given fixed retirement age

According to two judgments of the European Court of Justice ( ECJ) on 16 October 2007 and October 12, 2010 it does not represent a case of age discrimination when an employee is sent against his will, on reaching the statutory retirement age to retire. On 13 September 2011, the ECJ ruled, however, that a collective agreement which provides for a strict age limit of 60 years for pilots, contrary to the Directive 2000/78/EC.

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