Deutsche Rentenversicherung

The Deutsche Rentenversicherung is the umbrella organization for Germany's 16 statutory pension insurance carriers, functioning as a cornerstone of the German social security system. Its primary mission is to ensure financial security for individuals in their old age, in the event of reduced earning capacity, and for surviving dependents. This involves collecting contributions from employees and employers, managing these funds, and disbursing pensions. In addition to retirement benefits, it provides comprehensive rehabilitation services to help individuals maintain or restore their ability to work, and offers free information and advice on all pension and rehabilitation matters. It is a self-governing public body operating under the legal supervision of the state.