Tag: refund calculation
As part of the social security act, Germany has a mandatory state pension. Contributions into the German state pension are compulsory for all employees. This means that a certain percentage of your net salary (9,3%) is going towards the state pension.
Hence, if you have worked in Germany for some time, there is a big possibility that you paid a lot of money into your pension without even knowing it.
If you moved away from Germany, you might be eligible to claim your pension contribution without waiting until you turn 65.More