Kategorie: Soziale Sicherheit in Deutschland

Pensions in Germany are based on a „three pillar system“. ^[1]

• First pillar: mandatory state pension insurance ( gesetzliche rentenversicherung ). This part of the basic social security system. All employees and employers pay a percentage of wages into this system.
• Second pillar: Voluntary Occupational Pension Insurance
• Third pillar: private insurance

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Social security in Germany is codified on the Sozialgesetzbuch , or the „Social Code“, contains 12 main parts, including the following,

• Unemployment insurance and public employment agencies (SGB II and III)
• Health insurance (SGB V)
• Old age pension insurance (SGB VI)
• Invalidity insurance (SGB VII and IX)
• Child support (SGB VIII)
• Social care (SGB XI)

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