ADVERTISEMENT
2. Calculation of Pension Benefits
Image: IMAGO / Political-Moments
Angela Merkel is entitled to a considerable pension due to her long career in the Bundestag and her time as Chancellor. According to Section 20 of the Members of Parliament Act, she is entitled to 65 percent of her parliamentary allowance as a pension after her term of office.
It should be noted that her various pension entitlements are offset against each other, which further increases the amount of her pension. The legal regulations ensure that former chancellors like Merkel receive a pension roughly equivalent to the salary of a well-paid bank director.
Continue reading…