Germany Increases Funds Jewish Pensioners May Transfer Abroad
Menu JTA Search

Germany Increases Funds Jewish Pensioners May Transfer Abroad

Download PDF for this date

Jews receiving pensions from West Germany may now transfer them to the United States, Israel, South America and South Africa at the official rate of exchange up to $119 (500 deutschemarks) monthly in comparison to the $71 (DM 300) formerly allowed, according to an announcement by the Federal Ministry of Economics.

For Jews residing in countries affiliated with the Organization for European Cooperation (OEEC), the transfer limit has been fixed at $190 (DM 800) monthly. In addition to Great Britain, Jewish pensioners in Austria, Belgium, Denmark, Eire, Greece, Holland, Iceland, Italy, Luxembourg, Norway, Portugal, Sweden, Turkey and the Anglo-American zone of Trieste, will benefit by this measure.

The new regulations apply to persons entitled to restitution or compensation and who receive regular monthly pensions, no matter from what source. Beneficiaries include former German zabbis and employes of Jewish communal bodies whose pension claims are now being satisfied, in some measure, by the Federal treasury.

Apart from pensions, it has become possible, since January 1, to transfer restitution and indemnification payments not exceeding $119 a month to all non-German countries. The same amount may be remitted from a blocked account to the original owner residing abroad.

Founding Funders

The digitization of the JTA Archive would not have been possible without the generous support of the following donors:
  • The Gottesman Fund
  • Righteous Persons Foundation
  • Charles H. Revson Foundation
  • Elisa Spungen Bildner and Robert Bildner, in honor of Norma Spungen
  • George S. Blumenthal
  • Grace and Scott Offen Charitable Fund