Statutory Pension Insurance
Protection in old age and in cases of reduced earning capacity.
Statutory pension insurance protects employees in old age, in cases of reduced earning capacity, and surviving dependents. The amount of the pension depends on the contributions paid in and the earnings points acquired. It is financed through a pay-as-you-go system.
The relevant statutes
§ 1 SGB VI
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General explanation for self-help, not legal advice (RDG). Individual cases may differ: if in doubt, contact a consumer advice center or a lawyer.