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Deutsche Rentenversicherung

Wikipedia

The Deutsche Rentenversicherung is the system of 16 carriers of the state pension insurance in Germany. Though it isn't an institution in its own right, it is a key component within Germany's social security system. It is set out according to the rules of the Sozialgesetzbuch, with all employees in Germany subject to the state pension insurance being mandatorily insured by DRV. The DRV offers its pension contributors and pensioners a variety of services, including the disbursement of different types of pensions, medical rehabilitation services and advisory services. Fundamental and cross-cutting duties, such as public relations, research, statistics and the common affairs of all pension insurance carriers are carried out by the Deutsche Rentenversicherung Bund. By the end of 2023, the DRV counted 58.5 million insured and 21.4 million pensioners by mid-year 2024; in 2024, it spent 403 billion euros on expenditures, including 360 billion euros on pension payments.

Explore deeper

Founded October 01, 2005

Area served Germany

Number of employees 62.400(2024-06-30)

Instance of item, Q16887380, 16887380

Instance of item, Q431289, 431289

Instance of item, Q2306006, 2306006

Wikidata description entirety of the 16 statutory pension insurance institutions in Germany

Wikidata id Q1203773

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