What options do I have if my pension is too low?
December 24, 2023 | 50,00 EUR | answered by Christian Voigt
Dear Attorney specializing in social security law,
My name is Friedhelm Klinger and I am currently receiving my pension. Unfortunately, I have noticed that this pension is not sufficient to adequately cover my living expenses. I have been paying into the social security system for years and therefore expect that my pension should be sufficient. Unfortunately, it seems that this is not the case.
My monthly pension is not enough to cover my rent, groceries, medical expenses, and other costs. I am worried about how I can improve my financial situation and if there are ways to increase my pension.
What options do I have if my pension is too low? Are there specific requirements to receive a higher pension? What steps do I need to take to improve my financial situation?
I would greatly appreciate it if you could inform me about my rights and options to increase my pension. Thank you in advance for your support and guidance.
Sincerely,
Friedhelm Klinger
Dear Mr. Klinger,
Thank you for your inquiry regarding your pension and your financial concerns. It is understandable that you are worried about how to improve your financial situation, especially if your current pension is not sufficient to cover your living expenses adequately.
There are various ways to increase your pension if it is too low. First of all, you should check if you are eligible for additional social benefits that could supplement your pension. This could include basic security in old age and in case of reduced earning capacity. This involves assessing whether your income and assets are below certain limits to receive additional support.
Furthermore, you could investigate if you are entitled to a higher pension through voluntary contributions or back payments. For example, if you had periods without paying pension insurance contributions in the past, you may be able to make back payments to increase your pension entitlement.
It is also advisable to carefully review your pension notices and, if you believe that your pension was calculated too low, to lodge an objection if necessary. In some cases, it may also be useful to consult a pension consultant or lawyer specialized in social security law to review your entitlements and, if necessary, enforce them.
Additionally, you should also check if you may be eligible for other benefits such as housing allowance or other social benefits that could improve your financial situation.
Overall, it is important that you analyze your situation carefully and explore all options to increase your pension and cover your living expenses adequately. I recommend contacting a specialized lawyer in social security law to discuss your individual situation and take appropriate measures.
I hope this information is helpful to you and I am available for any further questions you may have.
Best regards,
Christian Voigt
Lawyer specializing in social security law
