The statutory pension insurance is expecting a surplus of 2.1 billion euros at the end of the year. This was explained by Gundula Roßbach, President of the pension insurance. A deficit of 6.5 billion euros was predicted last year.

With a calculated surplus of 2.1 billion euros, the statutory pension insurance from the year 2022. That said the president of the pension insurance, Gundula Roßbach, of the German Press Agency in Berlin. “A year ago, a deficit of 6.5 billion euros was predicted.”

But despite multiple crises, the labor market in Germany is stable. “Accordingly, we have a good income situation,” said Roßbach. “We are experiencing an increase in mandatory contributions from January to November of 5.5 percent compared to the same period last year.” That is very positive.

“The feared recession did not materialize. Contributions have remained stable. We have the highest number of socially liable employees in the Federal Republic. If nothing changes in the fundamental factors of pension insurance over the next few years, the contributions will be able to remain stable in the medium term. At least until the end of the decade,” said the Berlin ARD correspondent Uli Meerkamm in the “Tagesschau”.

“Expenditure was slightly lower than estimated a year ago,” Roßbach continued. According to information from the Federal Statistical Office, there is a slower increase in life expectancy, which also affects pension expenditure.

“One reason is currently the corona pandemic, which has led to an increase in mortality, especially among older people.” The budget of the pension insurance is currently more than 350 billion euros.