Hamburg pension fund from 1905
| Hamburg pension fund from 1905 | |
|---|---|
| legal form | Mutual insurance association , registered cooperative |
| founding | June 20, 1905 |
| Seat | Hamburg, Germany |
| Number of employees | 155 |
| Branch | Company pension scheme |
| Website | www.hhpk.de |
| Status: 2017 | |
The Hamburger Pensionskasse von 1905 VVaG ( HPK ) is an inter-company company pension fund that grants employees early and old-age retirement benefits, in the event of reduced earning capacity and to protect their families, as part of the company pension scheme.
The HPK belongs exclusively to its member companies. Together with its management company, the Hamburger Pensionsverwaltung eG (HPV), the HPK offers its member companies for all methods of implementation ( pension fund , pension fund , provident fund , direct commitment ) all services for the design, management and safeguarding of pension commitments.
HPK and HPV are social profit companies. You work without your own profit interest. Any surplus will only benefit the beneficiary employees and pensioners.
Around 2,000 companies across Germany have joined the HPK and HPV. These mainly include large trading companies and companies in the food industry. The 12 largest member companies are Rewe, real, Kaufhof, Aldi Nord, Coca-Cola Erfrischungsgetränke, Globus, Deichmann, dmk, Ferrero, METRO, Media-Saturn and Rossmann.
Alignment
HPK and HPV share the conviction that the falling level of benefits in the statutory pension can most efficiently be compensated for by a collectively organized and simply structured system of company pension schemes. Her two types of company fit in with this: the mutual association and the registered cooperative (eG) . Both legal forms contain a special entrepreneurial orientation, namely that of a company controlled by the members. It works for its members without any profit interest and is therefore oriented towards social profit.
The members are the sole sponsors. Their satisfaction is at the center of business activity. The success of this orientation can be measured in numbers: The administrative costs of the HPK are only 4 euros per active member per year, which is uniquely low in Germany. The total interest rate of the pension accounts is 4%, well above the average.
history
The origins of the HPK go back to an initiative of the German consumer cooperative movement and in particular its leading personality, Heinrich Kaufmann . On June 20, 1905, the Cooperative Day in Stuttgart founded the support fund of the Central Association of German Consumers' Associations based in Hamburg. It made it possible for all employees of the consumer cooperatives and their affiliated companies to have affordable additional retirement benefits.
In the following decades, which were shaped by the two world wars, inflation and currency reforms, the pension fund proved itself as a partner for company pension schemes for its member companies, especially in the retail sector.
On October 8, 1992, the meeting of representatives decided on the new name Hamburger Pensionskasse von 1905 VVaG .
On March 1, 1993, the Hamburger Pensionsrückdeckungskasse VVaG (HPR) was founded on the initiative of the HPK. The existing reinsurance portfolio will be transferred to this new fund. Both funds jointly offer their member companies a combination model of pension fund commitments and reinsurance of direct and support fund commitments (dual system) . The largest member companies of the HPR include a. ZF, DGB support fund and the company health insurance funds.
On October 1, 1995, the HPK and the HPR outsource the entire administration by way of outsourcing to the HPV.
On July 1, 1997, HPV took over the administration of the Phoenix Pension Fund.
In the 1990s, many other trading companies joined the HPK (and in some cases also the HPR), including Marktkauf , REWE , Metro and Tengelmann . On September 1, 2000, the collective bargaining partners in the wholesale sector agree the first collective agreements on old-age provision, which the HPK provides as the carrier.
On July 1, 2001, a collective agreement on old-age provision was also agreed in retail. 22 of the 30 largest German retail companies use the HPK to implement the collective agreement.
On January 1, 2002, the Retirement Assets Act comes into force. It regulates the possibility of private provision through the Riester pension and at the same time improves financing through pension funds. Almost the entire food industry, for which the Nutrition and Enjoyment Pension Fund is set up, joins the HPK. Other large trading companies, such as B. ALDI-Nord, Globus, EDEKA and Rossmann are added.
On July 1, 2004, the HPV took over the administration of another pension fund, the pension, widow's and orphan's fund of the v. Bodelschwinghschen Anstalten Bethel VVaG.
The supervisory law will be changed on August 1, 2005. In future, a differentiation will be made between the sales-oriented pension funds established by banks and insurance companies and the company pension funds. The latter are characterized by their orientation towards the affiliated member companies and the renunciation of advertising and sales expenses. All pension funds managed by the HPV are recognized by the supervisory authority as company pension funds. To this day, the HPK is the largest mutual company pension fund in Germany.
On January 1, 2008, she was entrusted with the management of the Fritz Henkel VVaG pension fund, which was merged with HPK in 2015.
On May 1, 2011, HPV from the Swiss Re Group took over the management of the pension fund for the employees of the former Frankona Rückversicherungs-AG VVaG.
HPV has been managing the Schenker Pension Fund, which belongs to Deutsche Bahn, since January 2014, the Pension Fund for employees of Continental Aktiengesellschaft VVaG since January 2016 and the MER Pension Fund for TUI and DER since January 2017.
In 2016, the HPV with 155 employees managed the old-age provision for seven pension funds, 15 benevolent funds and numerous direct commitments with around one million people from over 2,000 member companies.
Individual evidence
- ↑ Directory of members of the Association of Company Pension Funds ( Memento of the original from February 7, 2010 in the Internet Archive ) Info: The archive link has been inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
Web links
- www.hhpk.de
- www.hhpv.de
- www.deinehpk.de
- Hamburg pension fund from 1905 in the company database of BaFin
Coordinates: 53 ° 32 '41.8 " N , 10 ° 0' 7.8" E