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Our Topics Labour Market Labour Law Occupational safety and health Research Initial and continuing training Social Security Pensions Participation of persons with disabilities International Affairs Europe European processes European social policy European employment policy Mobility within the EU Migration from third countries Coordination of social rights EU external relations. Programmes and Funds ESF European Globalisation Adjustment Fund FEAD EaSI International International organisations G20 Services Contact Publications Shopping cart Press Recent Publications Press photos Press photos of the minister Press photos of the state secretaries RSS Visitor Centre The Ministry BMAS at a Glance Political Staff New Work - New Security
Pensions
Pensions

One of the core tasks of the Federal Ministry of Labour and Social Affairs (BMAS) is to maintain, safeguard and progressively improve the efficiency and capacity of Germany's statutory pension insurance.

Demographic developments in Germany are raising enormous challenges for the country's pension system. Fewer children are being born. At the same time, the life expectancy of pensioners is on the rise. As a result, a declining number of workers will have to finance a growing number of pensioners in the future through their pension insurance contributions. Statutory pension insurance is and will continue to be a fundamental component in retirement provisions. It ensures that insured individuals will also be able to enjoy financial security in their old age.

One of the core tasks of the Federal Ministry of Labour and Social Affairs (BMAS) is to maintain, safeguard and progressively improve the efficiency and capacity of Germany's statutory pension insurance. At the same time, the Ministry works to establish conditions that enable all members of society - irrespective of their financial means - to make sound provisions for their old age. The aim of these efforts: In the future, everyone will build their retirement provision on three pillars, namely the statutory pension system plus two additional pillars: occupational pension schemes and private retirement provision.

The German government provides financial assistance for private retirement provision - such as the "Riester" pension - so that future retirees will be able to maintain their living standard in old age. Working together with the Deutsche Rentenversicherung Bund (German Federal Pension Insurance) and other partners, the BMAS launched the education campaign Altersvorsorge macht Schule (Planning for Retirement) which offers retirement planning courses at adult education centres with an eye to helping people with their old-age provision.

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Pensions