"We secure generations." This is the message conveyed by the public appearance of the German Pension Insurance. But what does statutory pension insurance mean for around 81 million citizens in Germany today, and especially in 20, 30, or even 50 years? For many citizens, the German Pension Insurance (DRV) and its statutory benefits represent a fixed planning component. The insured receive protection—whether in the case of reduced earning capacity or in old age. For many survivors, it provides an additional financial anchor. With the introduction of the Retirement Income Act in 2005, the tax treatment of statutory pension insurance was redefined. Based on this, the three-pillar model was developed. This book examines both the working phase and the retirement phase, with numerous practical examples, within the framework of statutory pension provision I – the basic provision.