Pension system provides for old age, disability etc

However, in 2007 the German Parliament (Bundestag)
increased the statutory retirement age (Regelaltersgrenze) from
65 to 67. The statutory retirement age will be raised step by step
starting in 2012 and will reach age 67 in 2029 for those born in
1964 or later. The minimum vesting period for old age, disability,
and survivors’ pensions is fve years.

However, if certain statu-
tory prerequisites are met (e. G. Concerning birth year, number
of contribution years (Beitragsjahre), gender, and handicap)
employees may apply for a full retirement pension even before
they reach the statutory retirement age