The fairy tale of the unprofitable German pension insurance scheme

– When a funded pension would be comparable –   The Deutsche Rentenversicherung Bund (DRV) lets its insured know that voluntary contributions in particular lead to an annual pension of 5.18%. In many cases, it is nonsensical to compare returns, as this would require consideration of the increasing payouts, including increasing life expectancy. The answer […]

bAV: Details on insolvency protection gaps in pension commitments

By Johannes Fiala, lawyer, and Andreas Michael Bosl, corporate consultant for occupational pension schemes Distribution approach of the pension commitment Your pension commitment is safe: Either it is pledged to a GGF ‘bomb-proof’ or the PSVaG steps in”. But this idea is far removed from the reality of practical GmbH insolvency cases in medium-sized companies. […]