VW pays the deductible up to 454,700 euros – that’s how long ordinary people have to work for it.

VW It therefore pays up to 454,700 euros in severance pay to employees leaving the group. This is reported by “Wirtschaftswoche”.

The maximum amount is as follows: Anyone who has worked in the group for at least 20 years and is in the highest salary group “tax included” will receive 404,700 euros in severance pay. If the employee decides to quit within two weeks, VW will pay a so-called turbo bonus of another 50,000 euros. That makes a total of 454,700 euros.

Pension insurance calculates an average salary of 45,358 euros

To make it clear how much that is true, it is worth looking at the statistics. Germany’s pension insurance lists how much each of the approximately 58 million people covered by pension insurance earns on average per year. The total amount for this year is 45,358 euros. That’s just under 3,780 euros per month.

If you use this value as “normal income”, then the following calculation results: Each average recipient needs to work 10,024 years to earn the large retirement benefits of the highest paid people leaving VW. That’s a good 120 months.

Anyone receiving severance pay from VW must pay income tax. So the government also collects money. But this also applies to ordinary earners, that they have to pay part of their wages to the government.

VW pays good wages

The high deductible for VW depends on several factors. There are corresponding labor law agreements in the VW Group that provide for generous severance pay for employees willing to leave. This is in no small part due to IG Metall’s strong position in the company.

But of course the premium at VW plays a very important role in determining the stopping charge. Website Shopping collects data from employees of private companies and makes it public. This shows for Volkswagen:

• According to VW’s own information, project managers work on average every year 85.900 Euros a. The salary range is between 49,400 and 131,400 euros.
• Engineers earn an average salary at VW 83.200 Euros total per year, ie 6933 euros per month.
• Technical clerks at VW give their average salary 73.200 Euros in. The income range is between 41,500 and 101,000 euros, with an average of only 73,200 euros.

Other statistics determine an average income of around 51,900 euros

An average maximum salary of 45,358 euros applies to all those covered by pension insurance in Germany. You must know that this amount does not cover all the workers in this country. Most of the high earners do not pay into the pension fund at all and therefore do not appear in the German pension insurance statistics.

The calculated average income of all German workers is less than 51,900 euros. That’s 4325 euros per month, like ” Handelsblatt “In April 2024, citing the Federal Bureau of Statistics.

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