Pension amount wrongly calculated? Late night legend Harald Schmidt really gets that much pension

TV legend Harald Schmidt

According to ProSieben, Harald Schmidt studied acting in Stuttgart until 1981. His TV career started just a few years later in 1988 with “MAZ ab!”. In 1995 his successful late-night show, the “Harald Schmidt Show”, finally started on the private broadcaster Sat.1. He later earned the nickname “Dirty Harry” mainly because of his special, sometimes somewhat cynical sense of humour. However, the presenter was well received by the audience. His show was first canceled in 2003. However, in 2011 the late night show came back for another year.

Only around 270 euros pension

In an interview with the German Press Agency, the late-night legend talks about the current political situation. The topic of demographic change and pensions also comes up. According to him, demographic change is the topic of the future. “More and more retirees, fewer and fewer who pay in. That’s going to be a huge issue, so many packages have to be put together.” The TV legend himself recently turned 65 and is therefore at retirement age. “I think it’s still eight months for me. Born in ’57. I was a freelancer most of the time. But I’ve paid in full for 15 years to get a mini-pension,” says Schmidt. According to the current status, Schmidt should only receive a pension of 272 euros per month. But the famous presenter doesn’t let that deter him: “I’ll collect it, too, I’ve paid in, I’m entitled to it. It’s not alms, it’s a deal I made with the state. Give it to me!”

Is Schmidt’s pension notice wrong?

Now the question arises as to how Schmidt’s pension amount can be just 272 euros a month if, according to his own statements, he has “paid in full for 15 years”. The Federal Association of Pension Advisors clarifies this. First of all, it must be clarified how the pension is calculated. “The contributory remuneration achieved over the course of an insurance life is simply divided by the average earnings of all pension insured persons for each calendar year. This results in the so-called “remuneration points”, which are the basis of every statutory pension,” explains the association. If you now assume that Schmidt has “paid in full” for 15 years, i.e. made contributions at the highest possible level, you can count on around two payment points per calendar year. This results in a total of 30 final money points. These would have to be multiplied by the current pension value of EUR 36.02, which results in a monthly pension of around EUR 1,080. “Anyone who has earned an income at the level of an average earner who only works part-time for 15 years can expect a pension of 272 euros,” explains the association. If this calculation is correct in Schmidt’s case, the TV legend should be happy about an increase in the pension amount.

E. Schmal / Editor finanzen.net

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