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Rentenversicherung

pension insurance

noun REN-ten-fer-zi-khe-rung Rare
People & Society Work

Also means

statutory pension scheme

Usage Note

Rentenversicherung is the compulsory state pension system in Germany, funded by contributions from both employers and employees. Deutsche Rentenversicherung is the administering body.

Examples

"Beiträge zur Rentenversicherung werden von Arbeitgeber und Arbeitnehmer je zur Hälfte gezahlt."

Natural Translation

Pension insurance contributions are each paid half by the employer and employee.

Literal Translation

Contributions to-the pension-insurance are by employer and employee each to-the half paid.

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