Retirement Pension Insurance

"Who will take care of me when I get old?" is a question that preoccupies many working people today. Particularly in old age, adequate insurance protection is of vital importance. Statutory pension insurance enables pensioners to enjoy their retirement years. Who is covered by statutory pension insurance? >>

With a range of assistance including classic old-age pensions, pensions for those with reduced earning capacity, or medical benefits for the maintenance of good health the statutory pension insurance provides financial protection and ensures a good standard of living. What benefits are provided by statutory pension insurance? >>

"All for one and one for all" this sums up the guiding principle at work here, because statutory pension insurance is financed primarily through contributions made by the insured persons and their employers. The amount of these contributions is aligned with the level of income and in turn determines the amount of benefits available. Overview of financing for statutory pension insurance >>

To find out which central associations have been set up by the pension insurance funds and just what self-administration entails in this context -- plus much more please see this brief overview of the outside and inside organisational structure of the pension insurance system. Overview of the organisational structure of pension insurance >>

The first social laws designed to protect workers were enacted at the end of the 19th century. In 1889 the Reichstag passed the first Pension Act. During the course of the last 120 years, the statutory pension insurance system has survived many periods of social and political change, but with its basic principles still intact. On the history of statutory pension insurance >>