Retirement provision: How company pensions and Riester pensions are being cut

Germans are diligent savers for retirement. Despite years of zero and low interest rates, millions of people continue to pay into contracts so that they can later receive a Riester pension, company pension, or Rürup pension. However, many will receive less supplemental pension than expected when they begin their retirement. This is due to the so-called pension factor. This conversion factor determines how much money a saver will receive once a month from their savings in retirement. And many insurers have reduced this pension factor. Often without their customers even noticing. Who could get less and who couldn't, and what consumer centers have already achieved in court – an overview.