Table 1 The development of combined public/private pension replacement rates for an average earner. (Source: Bundesministerium für Arbeit und Soziales 2013, p. 176)
Year of retirement | Gross replacement rate (%) | Consisting of | Net combined replacement rate (%) | ||
|---|---|---|---|---|---|
GRV | Riester pension (%) | Private pension (%) | |||
2012 | 47.4 | 45.5 | 1.7 | 0.2 | 70.7 |
2015 | 47.4 | 44.6 | 2.4 | 0.4 | 70.1 |
2020 | 48.5 | 44.0 | 3.7 | 0.9 | 70.9 |
2025 | 48.8 | 42.3 | 4.9 | 1.6 | 71.8 |
2030 | 49.3 | 40.6 | 6.2 | 2.5 | 72.8 |