Sun, 8 November 2009
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Germany's welfare system was once the envy of other nations, but it has been hit by a funding crisis. We set out a guide to the country's social state. |
Social insurance contributions are paid by employers and workers |
People employed in Germany have to contribute to four principal social insurance schemes. The contribution is paid half by the employer and half by the employee. This also includes trainees and members of the armed forces and civil service. The contributions are:
You can claim an old-age pension in Germany when you have reached 64. But while the state pension remains the most important part of old-age income, the German Government has moved to encourage workers to supplement their state pensions with private retirement schemes by offering tax breaks.
This has resulted in a raft of new private retirement schemes hitting the pension market. These can be arranged through your bank or at almost any insurance company. But it is very wise to shop around to work out what policy suits you.
This reflects the concerns that as a result of the greying of the German population, the deficit-hit state pension scheme will not be able to meet the full demands of a future generation of retirees.
Not all self-employed people have to pay contributions. But self-employed artists, journalists and members of the publishing profession have to pay contributions if their income exceeds a certain amount. This is handled by the 'Kuenstlersozialkasse' in Wilhelmshaven.
Trying to size up the education system is one of the hardest things facing those embarking on a foreign posting. We set out what you should know about German schools and daycare.
Want to move to Germany but haven’t figured out the details? Check out Expatica’s overview of the German visa and citizenship system.
When moving abroad, the owner must make an informed decision as to whether their pet is up to the trip. Here’s an overview of the factors involved.
Moving to Germany but still searching for a job? Check out Expatica’s comprehensive overview of the ins and outs of employment in Germany, including information on how to find work, recruitment agencies, employment contracts and labour law.
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