How much will pensions rise in July 2026?

State pensions are set to rise by 3.7% from July 1, 2026. This is a gross increase before taxes and social contributions. The net gain varies by individual, depending on health insurance surcharge, care insurance, and any income tax due.

Why might my pension be lower in February or March 2026?

Some funds apply contribution recalculations or back-charges early in the year. That can reduce net payments in February or March 2026. These timing effects do not cut the annual amount, but they can affect monthly cash flow until the July increase arrives.

What does the 3.7% rise mean for a €1,500 pension?

A €1,500 monthly pension would rise by €55.50 gross from July 2026. The final net amount depends on your health and care insurance deductions and any income tax. Reviewing notices from your insurer and pension provider will clarify your personal outcome.

How can retirees protect their net income in 2026?

Review your health fund’s surcharge, check care insurance status, and plan for early-year adjustments. Build a small cash buffer for February and March. After July, confirm the new net amount and update direct debits. Consider setting aside part of the increase to cover variable contributions.

Global Market Insights

February 15: Germany Pension 2026 Hike Offset by Health Surcharges

ByDanny Kontos February 15, 2026February 15, 2026

Germany pension increase 2026 will raise state pensions by about 3.7% from July. Many retirees, however, will see smaller net gains because statutory health and care insurance deductions are set to rise. Timing effects in February and March can also reduce payouts briefly. We explain the gross versus net picture, show what typical pensions may receive, and outline why this matters for household spending and investors in Germany. Clear planning now can protect retiree net income and help investors set expectations for 2026.