In Germany, everyone who goes to work pays a contribution for various taxes and insurance. A compulsory insurance is the statutory pension insurance. You deposit an amount every month and get paid out again when you retire. Currently the retirement age is 67 years. This means that in most cases people over the age of 67 no longer have to work and should live on the money from their pension. The amount of the contribution is fixed as a percentage and depends on your salary. The contribution is automatically deducted from your salary if you work full time. Through the pension insurance you should be financially secure in old age. If you can no longer work or can only work to a limited extent due to an illness or disability, or if you are widowed or orphaned, you can also be supported by the statutory pension insurance. In addition to the statutory pension insurance there are also private pension insurances. You can get advice on the subject of pension insurance, for example from the German Pension Insurance.    <\\/p>\