This social security update issues a set of warnings for retirees. In the final days, a preliminary draft suggests potential fines for more than two million people if 25 percent of retirees fail to present proof of eligibility for an extraordinary benefit tied to the minimum pension supplement. While some official reports show positive signs, the system aims to collect an extraordinary amount. In current times, payments of 30.40 euros per month are noted, but during economic downturns even smaller amounts still matter.
The discussion includes an additive pension supplement intended to reduce the gender gap. It replaces the maternity supplement as part of demographic contributions and seeks to repair the gaps created by career interruptions for caregiving. Men or women who take on primary caregiving responsibilities may benefit from this policy, which acknowledges the impact of child care on pension timelines and earnings.
Between 425.60 and 1,696.8 Euros per year
The annual payment range is defined by the general state budget for each year. For 2023, the benefit equals 30.40 euros per month for each child, with a limit of four times the monthly amount. In annual terms, this translates to at least 425.60 euros per year. The total contribution grows with the number of children: 848.4 euros for two children, 1,272 euros for three children, and 1,696.8 euros for four children.
Eligible recipients include anyone already receiving a pension, widows or widowers, or individuals with permanent disability who qualify for the supplement. The payment is issued monthly, with two outstanding payments in June and November. The program details, criteria, and other features are outlined on the official SGK website, which explains how to apply and what is required for eligibility.