Current partial retirement

Definition

Basics of partial retirement

• Beneficiaries.
• Eligibility requirements.
• Block and part-time model, gradual reduction.
• Labor law regulations.

Organizing partial retirement

• Application of existing collective agreements.
• Drafting of a works agreement.
• Term and contract offers.
• Involvement of the works council and representatives for severely disabled employees.
• Determination of authorized employees.
• Process description: from budget calculation to retirement.

Contents of the partial retirement employment contract

• Continuation of the previous employment contract on a part-time basis.
• Working hours, remuneration and top-up benefits.
• Continued payment of wages in the event of illness.
• Agree deviating regulations for the passive phase.
• Repayment obligation, taking up secondary employment.
• Insolvency insurance (surety/bond insurance).

Remuneration calculations in partial retirement

• Comparative calculation full-time/part-time.
• Total cost accounting.
• Determination of standard pay and top-up amounts.
• Other remuneration (e.g. vacation pay) in the active and passive phases.
• Treatment of Sunday, public holiday and night bonuses.
• Management of credit balances.
• The progression proviso.
• Correctly account for "incidents" (long-term illness, death).

Working time accounts at a glance

• Working hours.
• Determine vacation entitlement.
• Dealing with flexitime and overtime.
• Use of long-term and lifetime working time accounts.

Partial retirement - Gradual retirement

• Who can retire when and how?
• Type of pension and benefits: Standard old-age pension, old-age pensions for particularly long-term insured persons, for long-term insured persons, for severely disabled persons.
• Additional income opportunities.
• Check your insurance history and apply for a pension.
• Unemployment benefit after partial retirement.
• Combination of work and pension.