Corner stone of social protection of the population of Germany is pension insurance. It gives a guarantee, that the former workers of the enterprises will not get to a distress upon termination of the labour activity. Pension insurance is necessary to all workers and employees under the law. The people who are engaged in independent activity and those who because of the accessory to certain groups of trades have no obligatory insurance, can submit the petition on obligatory insurance. Who does not fall under obligatory insurance, concludes pension insurance voluntary.

Insurance payments - 20,3 percent from earnings total sum, should not exceed the top limit of the sum on which basis insurance payments are calculated. Now it makes 8. 200 marks. In the new federal earths - 7.100 marks. Insurance payments are brought accordingly half-and-half by the hired worker and the employer. In the area of pension insurance old-age pensions and on professional invalidity are paid or is simple on неработоспособности. After death insured, relatives receive a certain part of its pension.

The defining moment for pension reception is <expectation term>, that is the established minimum term during which it is necessary to pay payments in a pension fund. The old-age pension, as a rule, is paid on reaching 65-year-old age. Under certain conditions it can be paid and before achievement of 63 or 60 years. Women receive the old-age pension on reaching 60 years. The size of pension depends, first of all, on the sizes of the salary.

After reform of system of a provision of pensions in 199th year at elderly hired workers became more freedom in choosing at an exit on pension. It is possible to receive a part of pension and to continue to work. For many hired workers pension - frequently the unique income in an old age. Therefore and in the future to long-term payers of payments the pension should be guaranteed reached to an exit on pension a standard of living. After reform of system of a provision of pensions in 1957 pure, base, the pension in the west of Germany has reached almost 70 percent of the average net profit of the hired worker with average earnings and the experience of work of 45 years. The pension of hired workers annually grows in the new federal earths together with their salary. Since January, 1st, 1992 in Germany the uniform pension right operates.

Pension payment - not a unique problem of system of pension insurance. It should provide and preservation, improvement and restoration of work capacity of insurers. So, it gives resort treatment and there is a help in acquisition of a new trade if it is required on a state of health. Valuable addition to the pension insurance provided by the law are <pensions of the enterprises>, which many firms voluntary pay to the former employees.