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Regulated Pension Funds

Press release of the febs Consulting GmbH, 09.08.2010 the guaranteed discount factor of insurance companies and pension funds is currently not exactly lush with 2.25%. I’m glad to see that there is at least the one or the other provider of operational Altersversorgung in the market, with a slightly higher interest rate. It is usually known as regulated pension funds. These are pension funds, which are subject to a comprehensive obligation of approval by the Bundesanstalt fur Finanzdientsleistungen (BFin). The anzuwendende assumed interest rate is checked at this pension funds by BFin. Still considerable risks to the employer, if he opts for such a pension fund”, Andreas Buttler, Managing Director of bAV consulting firm warns febs consulting from Grasbrunn near Munich.

Pension funds employers assume generally that their commitment – including the pension adjustment is abgegolten shall – according to section 16 by payment of contributions. In a judgment of the 03.03.2010 has Hesse was decided that this does not apply to regulated pension funds, if the guaranteed interest rate of 2.25%. 16 adjustment can not be compensated then by the policyholder participation, but pensions need to be angepasst according to the increase in the cost of living. The surpluses for this purpose are not sufficient, the employer for the difference must come up. The employer shall be liable also for so-called rehabilitation clauses. These are clauses under denen a regulated Pension Fund financial problems can cut the services. This risk can also contractually not simply shift the employers on workers, as in 1 para 1 shall so regulated, that the employer for the promised supply is liable even if carried out by an externen carrier.

In addition to the issue of liability the need may arise according to the febs experts in addition to expel the obligation in the annex to the balance sheet. Companies wanted just that but with the choice of the Often just avoid implementation way pension fund. FEBS professional help offered undertakings concerned zumindest to limit the damage. News provides up-to-date information on many other current topics related to occupational pensions febs under. Your contact of febs Consulting GmbH Andreas Buttler CEO in the high field 3 85630 Grasbrunn/Munchen Tel. 089 / 890 42 86-10 as we employers in all questions relating to pension and TimeValue accounts consult independent experts and certified pension consultant. We analyze and refurbish existing power plants, create actuarial opinion of balance of and assist employers in the implementation of the new balance of power.