# Pension insurance, statutory (statutory pension insurance, old age pension scheme)

- Canonical URL: https://www.gerhardmerk.de/pension-insurance-statutory-statutory-pension-insurance-old-age-pension-scheme
- Post ID: 594610
- Modified: 2023-07-25T21:14:42+00:00
- Language: en

## Definition

In Germany, compulsory insurance (statutory insurance) dating back to 1889 to guarantee income in the event of accidental disability and old-age pensions. Today, it represents an important parafiscus, having been redesigned many times and adapted to the prevailing circumstances. - See old-age pension contracts, Federal Employment Agency, health care spending, health insurance, statutory, pension, funded, long-term care insurance, tax financing. - Cf. the financial behavior of the statutory pension insurance shown in the statistical section of the respective Monthly Report of the Deutsche Bundesbank, section "Public Finances in Germany," Monthly Report of the Deutsche Bundesbank of April 2008, p. 51 ff. (thorough presentation; outlook; overviews; in the appendix, important legal regulations), Monthly Report of the Deutsche Bundesbank of November 2011, p. 77 (financial situation since 2009). Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

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