Basics of the Social Insurance System in Germany
(www.deutsche-sozialversicherung.de/en/)
Goal: to maintain the standard of living of the insured person and
his/her standing in society in situations that threaten his/her
livelihood
Principles: compulsory insurance, financing through contributions and
solidarity
2/3 of the German social budget are allocated to the 5 branches of
social security
• health insurance
• long-term care insurance
• retirement pension insurance
• unemployment insurance
• statutory occupational accident insurance
Based on the concept “income through employment” voluntary
social insurance for self-employees and pension system for civil
servants