Company pension

Why they are at risk from low interest rates and who is liable for them A new ruling by the Federal Labour Court (Bundesarbeitsgericht – BAG) confirms that employers are liable if a company pension scheme (bAV) sponsor reduces its benefits in accordance with its statutes. As a result of the continuing low level of […]

Saving over time

From 2012 onwards, Riester savers will be obliged to contribute a minimum amount of 5 euros per month if they wish to continue receiving allowances and tax benefits in 2012.   The following are thus abolished for spouses who are not gainfully employed and who are indirectly entitled to the allowance non-contributory contracts where only […]

Riester, Rürup, company pension schemes

What changes in 2012   Riester savers From 2012 onwards, Riester savers will be obliged to contribute a minimum amount of 5 euros per month if they wish to continue receiving allowances and tax benefits in 2012. This means that those non-contributory contracts for which only state allowances are paid in – but no personal […]

Unisex changeover 2013 – note new tariffs with immediate effect

Through the Occupational Pensions Act, the legislator has imposed an additional task on employers “as disinterested investment managers” of their employees and also holds them liable for this. The authors explain what employers, but also consultants involved in the human resources area of companies, must observe from 2012 in order to comply with the legislator’s […]

Employee damage due to company pension scheme

In a ruling of 15 March 2007 (reference number 4 Sa 1152/06), the Munich Regional Labour Court ordered an employer to reimburse a former employee for the difference between the “premium sum of converted wage contributions” and the “surrender value” at the end of the employment relationship. After about 3.5 years of deferred compensation through […]

OLG Celle: Pension providers are directly liable to employees for pension gaps

Advice errors by intermediaries, including on pension disadvantages in the event of a change of employer, open up the possibility of legal action against insurers, provident funds, etc…. – *by Dr. Johannes Fiala, Attorney at Law (Munich), MBA Financial Services (Univ.), MM (Univ.), Certified Financial and Investment Advisor (A.F.A.), Lecturer for Civil and Insurance Law […]