Rentenversicherung

Rentenversicherung is a German state pension system providing financial security for individuals after retirement. It works through mandatory contributions during working years, with employees and employers sharing the cost. These contributions build a pension fund that, once you reach retirement age, provides a regular income based on your earnings and contribution history. The system also offers benefits for disability and survivors. Its goal is to ensure that individuals have financial support after their working life, helping maintain their standard of living and reduce economic hardship in retirement.