The fairy tale of insolvency protection for pension commitments

Buko 2006 (from 07 – 10 September 2006)
Numerous insurers, tax advisors and financial service providers reassure the entrepreneur with the statement ‘your company pension scheme is insolvency-protected’.
Recent BGH rulings and the latest report of the Petitions Committee of the German Bundestag show: The insolvency administrator can collect and realise the reinsurance of the pension commitment ? the garnishment protection goes nowhere.
The working time account is similarly problematic for the GGF. Most family entrepreneurs are not aware of the problem ? the tax advisors have been sitting on incomplete contracts that have not been ?maintained? for decades. There is a need for action.

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About the author

Dr. Johannes Fiala Dr. Johannes Fiala

Dr. Johannes Fiala has been working for more than 25 years as a lawyer and attorney with his own law firm in Munich. He is intensively involved in real estate, financial law, tax and insurance law. The numerous stages of his professional career enable him to provide his clients with comprehensive advice and to act as a lawyer in the event of disputes.
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