Deutsche Rentenversicherung

Deutsche Rentenversicherung is Germany’s public pension system, responsible for providing retirement, disability, and survivors’ benefits. It is funded through contributions from employees, employers, and the government. The system aims to ensure financial security for individuals after work, based on their earning history and contribution years. It also offers rehabilitation and prevention services. The amount received depends on how much and how long a person has contributed during their working life. Overall, it’s a social insurance scheme designed to support individuals financially in old age or if they become unable to work.