Georg Heubeck

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Georg Heubeck (born June 24, 1911 in Neustadt an der Aisch ; † November 15, 1989 in Cologne ) was a German pioneer in the field of actuarial mathematics and is the founder of the "Heubeck mortality tables".

Career

After graduating from high school in Amberg in 1931 , Georg Heubeck studied mathematics , law and economics in Göttingen, Munich and Basel. In December 1937 he received his doctorate in applied mathematics , and until 1941 he worked as an actuary in Leipzig. In July 1945 his son Klaus Heubeck was born in Cologne. In 1946 Georg Heubeck founded the “Büro Dr. Heubeck ". The mortality tables developed by him and Kurt Fischer first came onto the market in May 1947.

Heubeck's mortality tables

The mortality tables serve as a suitable biometric calculation basis in company pension schemes and must take into account the specifics of company pension schemes, the specific workforce and structures, the different, often quite complex pension regulations and the tax and legal framework conditions in company pension schemes. They should be easily applicable to the various carriers, if necessary appropriately modified. These are tables on an actuarial and biometric basis, from which, among other things, the occupation and gender-specific life expectancy for the purpose of forming pension provisions in companies , pension funds and pension funds . Because of the probability of withdrawal, life expectancy, occupational characteristics or the dependence of life expectancy on the year of birth, these are complex tables. The mortality tables are still - further developed and refined by Klaus Heubeck - the generally recognized calculation basis for German company pension schemes.

The mortality tables are used almost without exception by companies across Germany and create an important mathematical basis for calculating pension provisions. In practice, the mortality tables usually serve as the basis for calculating the partial value of pension obligations and correspond to recognized actuarial rules. The second edition of the copyrighted mortality tables appeared in 1983, and further editions followed in 1998 and 2005.

In July 2005 updated calculation bases for company pension schemes were published. Under the designation “Richttafeln 2005 G”, these tables list values ​​based on more recent statistics for the transition probabilities relevant in occupational pension schemes (mortality, reduced earning capacity, frequency of marriage). "G" stands for "generation table", ie a life table that differentiates the probabilities not only according to age and gender, but also according to the year of birth and thus allows the changes over time to be followed in the evaluation in a "generation-appropriate" manner. The tax administration has approved these tables for the valuation of pension provisions in the tax balance sheet .

Expert for the 1957 pension reform

Georg Heubeck was already a prominent guest on October 2, 1948 at the "Cologne Day of Actuaries". For the large-scale pension reform of 1957 , Federal Finance Minister Fritz Schäffer commissioned him to review the calculations of Federal Labor Minister Anton Storch . According to Heubeck's actuarial calculations, the planned pension reform would cost a few billion marks more than the government bill in the first few years. In addition, in many cases it would have no sociopolitical effect. Heubeck calculated that 1.4 million pensioners would not benefit from the reform at all and would only be saved from deterioration by the so-called acquisitions clause of the reform draft. Heubeck confirmed that the actuarial part of the Pension Act was apparently incorrect and based on estimates that were far too optimistic. Heubeck found that the cause of the miscalculations was that the Ministry of Labor's calculations were based too much on the current conditions; they are created statically without taking into account the likely development. In his report, Heubeck came to the conclusion that the pension plans were doomed to failure in the intended form. As a result, the reform was made more realistic, but not as it should have been according to Heubeck's calculations. The long-term problems identified in his report were later confirmed.

Features and publications

Georg Heubeck published a large number of essays , comments and expert reports in his specialist area, including a statement on the reform of stock corporation law in 1965 or the legal commentary on the company pension law (1976). Between 1969 and 1984 he was chairman of the ABA e. V. It was not until 1973 that he received a teaching post from the University of Cologne for actuarial mathematics, which he held until 1983. From 1970 to 1985 he was a board member of the German Society for Insurance Mathematics (dgvm) . He published specialist articles until 1988.

Klaus Heubeck

Georg Heubeck's son Klaus Heubeck (born July 19, 1945 in Cologne) studied mathematics, law and economics in Munich and Göttingen and received his doctorate in 1974 from the University of Basel . He joined his father's company in 1973, where a fundamental second edition of the mortality tables appeared in 1983. In 1983 Klaus Heubeck took over his father's company based in Cologne-Marienburg , which was converted into Heubeck AG in August 2001 . The AG looks after over 1000 corporate customers, numerous pension funds, pension funds, supplementary pension funds and professional pension funds. In July 2007 she entered into a cooperation agreement with the Sparkassen-Finanzgruppe , which has held a 90% stake in Heubeck AG since August 2010 . Heubeck-Richttafeln GmbH , founded in 1983, holds the copyrights and distribution rights to the Richttafeln.

Klaus Heubeck has been an honorary professor for actuarial mathematics at the University of Cologne since 1992 . A Heubeck report from October 2011 with proposals for a change in contributions was officially published at the general autumn meeting of the Arbeitsgemeinschaft für Betriebsvorsorge e. V. (ABA) and thus released for political discussion.

See also

Individual evidence

  1. Klaus Heubeck, Richard Herrmann, Gabriele D'Souza: The 2005 G model mortality tables, derivations, formulas . ( Memento of the original from February 1, 2014 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. In: Pages of the DGVFM , Volume XXVII, Issue 3, April 2006, p. 473 ff. @1@ 2Template: Webachiv / IABot / aktuar.de
  2. Peter Koch, History of Insurance Science in Germany , 1998, p. 292
  3. Ahrend / Förster / Rößler in Blümich, Income Tax Act, Corporation Tax Act, Trade Tax Act, Commentary , 14th edition, § 6 a EStG marginal no. 324, 325; Höfer in Littmann / Bitz / Hellwig, Commentary on Income Tax Law , 15th edition, § 6 a EStG marginal no. 115; Seeger in Schmidt, Income Tax Act , 13th edition, § 6 a No. 11
  4. BMF letter of December 16, 2005, reference IV B 2 S 2176 106/05, BStBl. I 2005, pp. 1054-1056
  5. Pension reform: dynamism or dynamite? In: Der Spiegel . No. 44 , 1956, pp. 15th f . ( online ).
  6. Georg Heubeck: The identification of the pension obligations according to the Stock Corporation Act 1965 . DB 1966, p. 190 ff.
  7. 75 years of ABA - a historical review. (PDF)
  8. Georg Heubeck: Company Pensions , HdV 1988, p. 75