From nothing, comes nothing.
You know this quote. It sounds trivial, but it isn‘t. The Physikum, the medical state exams and the specialist qualification do not fly to anyone. You have to do something for it and have perseverance.
It is the same with your old-age pension. It is primarily the result of the contributions you have made. The more contributions you make and the higher these are, the higher your retirement pension will be. If you are obliged to pay contributions, we will send you information about the amount of your entitlement to an old-age pension every year. This enables you to track the development of your pension entitlement.
Non-contributory times do nothing. Times when small contributions are made make little difference. We recommend that you avoid such times as much as possible. Those who only make small contributions will receive a small pension that is not enough to live on in retirement. We do not have a minimum pension based on social motives. We think this is right, especially since the state does not grant us any subsidies.
In Schleswig-Holstein, doctors are on average 29 years old at the time they start paying their current contribution immediately after starting their career. This entry age is relatively high. Most workers in other professions start building their retirement savings at an earlier age. When calculating the pension we grant, neither school nor academic years are taken into account. For many of our members it is therefore important to catch up. It‘s good if you pay us more than the mandatory contribution. We‘ll tell you how to do that!
If you start your medical profession later than other colleagues, you will in principle receive less pension than this or you will have to pay longer contributions in order to reach the same pension level. This can be avoided by making voluntary contributions that exceed the mandatory contribution. We would be happy to advise you!
Life is rarely always in a straight line. The professional life of many doctors is more changeable than in earlier times. A change of employer often leads to idle periods in between. The same applies to time-outs that are taken to start a family or to relax. During periods in which you are not practicing a medical activity, you can be exempted from compulsory membership and thus from the obligation to pay contributions. However, we recommend that you do not do this and continue your membership with subscription payments. Talk to us about it!
Even in the private sphere, there can be vicissitudes and even strokes of fate. Around every hundredth member becomes incapacitated during their active employment or dies after illness or accident. Our disability and survivors‘ pensions are higher, the more contributions are made. On the other hand, they are significantly lower if there is neither a membership with us nor with another professional pension fund in Germany when the benefit event occurs. Anyone who moves abroad or to a completely different profession for some time or longer is therefore well advised to keep their membership with us.
About every third marriage in Germany ends in divorce. The consequence of a divorce is usually a pension equalization in which the part of the pension entitlement acquired during the marriage is split up and transferred to the other spouse. The legislature prescribes this for us too. By replenishing their contributions, our divorced members can mitigate the reduction in their pension or even avoid it entirely. We recommend it to you.
Please do something for your pension in good time and permanently. We would be happy to advise you!