Kaiser Wilhelms donation

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The Kaiser Wilhelms donation was a general foundation for old-age, pension and capital insurance in the German Reich .

history

The foundation owes its creation to a collection that was organized in the German Empire after the rescue of Emperor Wilhelm I from imminent mortal danger due to the two assassinations of May 11 and June 2, 1878 . The collection brought together a total of almost 1,740,000 marks in 75,576 parishes from 11,523,972 contributors.

After a determination by Crown Prince Friedrich Wilhelm , their protector , to whom the sum was handed over with the request that it be used for a general charitable purpose, the Kaiser Wilhelm donation formed the basis of an old-age pension and capital insurance for the low-income classes, in particular for the workers, by serving as guarantee capital to cover administrative costs. In addition, the institution also had the purpose of supporting cooperative pension institutions for individual professional groups by providing the necessary statistical and calculation bases and by providing an advisory board in setting up the administration, etc.

The Kaiser Wilhelm donation enjoyed growing participation. In 1880 it had 337 members with an annual contribution of 41,855 marks and in 1885 8,363 members with an annual contribution of 841,375 marks; by 1905 a total of 24,288 members had joined. Paying offices have been set up for this foundation at many savings banks in the Reich.

After the total devaluation of their assets in the inflation from 1914 to 1923 and a partial, later state recognition of the gold mark value of their liabilities in the new pension and then Reichsmark currency (RM), the Kaiser Wilhelms donation merged in 1929 with the life insurance company for the army and Marine and the Prussian pension insurance company to the German civil servants insurance public life and pension insurance company (DBV). This has belonged to the Credit Suisse Group since 1997 , then to the Winterthur Group , which was taken over by the French insurance group AXA in 2006 .

literature

  • Statute of the Kaiser Wilhelms donation . Berlin 1879.
  • R. Stämmler: The Kaiser Wilhelms donation . Berlin 1880.