Deutsche Rentenversicherung – Corporate profile

• Organisational reform
• Board of Management / Auxiliary Board

Organisational reform

The pension insurance organisational reform on 1^st October 2005 introduced a common definition of what an insured person is. The former separation of pension insurance funds for blue-collar and white-collar employees was replaced by a specific unchanging classification of insured persons thereby enabling the establishment of an equal distribution of responsibilities among the insurance funds. Besides this general pension insurance the miners’ pension insurance for mining employees continues to exist. Agency of this class of insurance is solely Deutsche Rentenversicherung Knappschaft-Bahn-See. Administrative costs are reduced through improved management and coordination with the aid of binding decision-making and mergers of the pension insurance institutions. Since the organisational reform has been implemented, the German statutory pension insurance scheme has reduced the number of institutions from the previous 27 down to 16.

All pension insurance agencies from now on will conduct business under the unified name "Deutsche Rentenversicherung".The aim behind the new image is to emphasis that pension insurance is administered by a unified and common institution within the social insurance system, for which various agencies are responsible at the federal and regional level.

Deutsche Rentenversicherung Bund performs a double function. On the one hand it is responsible for primary and cross-sectional tasks and matters that are common to all pension insurance agencies and, in this regard, it is the successor to the former Verband Deutscher Rentenversicherungsträger. Deutsche Rentenversicherung Bund also has pension insurance fund obligations to fulfil. With regard to the latter aspect it provides services to customers of the former Bundesversicherungsanstalt für Angestellte - Federal Insurance Institution for Salaried Employees.

Board of Management / Auxiliary Board

The regular administrative activities of Deutsche Rentenversicherung Bund are the responsibility of the full-time Board of Management. This consists of the President who chairs the Board and two Directors who are elected by the general meeting of representatives following their nomination by the Board. The President is responsible for the primary and cross-sectional tasks of Deutsche Rentenversicherung Bund and its external relations. One of the directors, moreover, is primarily responsible for internal organisational matters, while the other performs tasks that largely relate to the provision of services.

The Auxiliary Committee (Erweiterten Direktorium), consisting of the five Directors of the regional agencies and one Director from Deutsche Rentenversicherung Knappschaft-Bahn-See (German Pension Insurance for Miners, Railway Workers and Seamen), is responsible for preparing any decisions that affect all of the pension insurance agencies. The Auxiliary Committee is statutorily also charged with specific tasks including matters relating to the classification of insured persons and financial management.