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OLD-AGE PENSION PROVISION

GERMANY
ALTERSVERSORGUNG
OLD-AGE PENSION PROVISION

Apart from personal savings, financial provision for employees after they have reached retirement age is ensured via the statutory pension scheme and also occupational pension schemes. Career public servants ("Beamte"), after retirement or in the event of incapacity for work, receive what is called "Ruhegehalt" (retirement pay) from their former public sector employer .



Please note: the European industrial relations glossaries were compiled between 1991 and 2003 and are not updated. For current material see the European industrial relations dictionary.

Page last updated: 14 August, 2009