Not The pension system affects everyone equally tough: While some age groups are still comparatively well insured, others have to get by with significantly less money as they get older.

The reason lies in the interaction of several factors – from the aging of society to reforms and changes in the labor market.

• Birth years from 1964 and younger: They are the first generation for whom the standard retirement age of 67 years fully applies. Retiring without deductions will only be possible in 2031.
• Late 1950s to early 1960s: This group was hit by several reforms at the same time – for example the sustainability factor in the pension system. In addition, there were often uncertain employment trajectories, for example after reunification.
• Women born between 1955 and 1970: Part-time work, raising children or caring periods often lead to lower pension entitlements. Despite improvements, the pension gap between men and women is significant.

Labor market disruptions continue to have an impact today

Many employment histories are no longer as stable as they used to be. Phases of unemployment, low wages or mini-jobs have a direct impact on the so-called earnings points – and thus on your later pension.

These ruptures have left particularly deep traces, particularly in structurally weaker regions or in eastern Germany.

• long periods of part-time work
• low wages
• interrupted employment histories

Although basic security in old age is still only relevant for a portion of the population, the number of those affected has increased in recent years.

What has changed politically

With the 2025 pension package, the security level was increased of at least 48 percent by 2039 committed. In addition, the so-called generation capital should contribute to long-term stabilization.

Previous forecasts that expected pension levels to fall to around 43 percent are therefore considered outdated.

What those affected can do now

Even if there is no easy solution, risks can be reduced:

• Clarify retirement account: Check and add missing times
• Check additional posts: Voluntary deposits can make sense
• Use company pension scheme: Particularly attractive with employer subsidies
• Build private provision: For example, through broad ETF savings plans
• Work longer: Retirement later increases the monthly pension

It’s not just the vintage that matters

Even if certain generations are under greater pressure: In the end, it is not the year of birth alone that determines the amount of the pension.

The decisive factor is primarily the earning points collected – i.e. income, years of contributions and employment history.

If you take countermeasures early and build up additional provisions, you can noticeably improve your own pension – despite all the structural challenges.