Metal pension

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The logo of MetallRente GmbH

MetallRente is a pension scheme for employees in the metal and electrical industry and related industries. The pension institution was founded in 2001 by the collective bargaining parties of the metal and electrical industry, IG Metall and Gesamtmetall , to provide products for company pension schemes that comply with collective bargaining agreements . In addition, it offers old-age provision through the Riester subsidy in accordance with § 10a , § 82 EStG and products from the occupational disability and disability insurance as well as long-term care provision .

The benefits of the pension fund are available to members of over 46,000 companies. MetallRente has a total of around 900,000 contracts (as of December 2019). In the 2019 financial year, new contributions in the area of ​​old-age provision broke through the EUR 100 million threshold for the first time. According to its own information, this makes MetallRente the largest cross-sector industrial pension fund in Germany.

Role and function

In addition to funded pension solutions, MetallRente meets the requirements of the collective wage agreements on remuneration conversion (EUW) and benefits for employees in the metal and electrical industry as well as associated industries by providing pension products that are in accordance with collective agreements.

Companies and associations that do not belong to the metal and electrical industry, such as wood and plastic processing, IT, textile and clothing and steel industries, are also affiliated. Craft businesses can also be found in the pension fund.

Because of the existing problems in deferred compensation , the metal bond is controversial. IG Metall emphasizes time and again positively that tailor-made offers for retirement can be made for employees. Balodis and Hühne critically object that IG Metall is politically in favor of a better statutory pension, but indirectly to the detriment of the employees, by promoting the conversion of remuneration, is lowering claims from the statutory pension insurance .

Structure and bodies

The interests of MetallRente, which is run as a corporation , are represented by the two collective bargaining parties, the metal industry union and the employers' association Gesamtmetall, who are equally involved as shareholders. The company's organs are the shareholders' meeting, management and the advisory board.

History of the MetallRente

January 1, 2002 has been deferred compensation claim in the Company Pensions Act introduced § 1a BetrAVG . According to § 17 BetrAVG, this is subject to the relevant collective bargaining parties. On the basis of the legal reform on September 4, 2001, they agreed to found a joint institution and agreed a collective agreement for the option of converting collective wages. In December 2001, there was also a framework agreement on cooperation with insurance companies affiliated with a consortium to provide pension solutions for company pension schemes.

On April 22, 2006, IG Metall and Gesamtmetall signed the collective agreement on old-age pension benefits (AVWL), which diverted existing collective bargaining rights to capital-building benefits into old-age savings.

Today the following insurance companies are consortium partners of the MetallRente pension scheme: Allianz , ERGO , R + V Versicherung and Swiss Life . Allianz is in charge of company pension schemes, while Swiss Life is in charge of private employee protection offers and additional long-term care insurance.

Pension offers

The MetallRente pension scheme offers companies and employees various options for employee- and / or employer-financed company pension schemes as well as modules to cover the risk of occupational disability and protection for survivors.

In this special framework of the MetallRente (as of 2020) the following are offered in detail:

Partnerships

UN PRI

The MetallRente GmbH has the principles of the United Nations for Responsible Investment - signed (United Nations Principles for Responsible Investment UN PRI). MetallRente has thus committed itself to actively advocating ecological sustainability, social responsibility and ethical issues in corporate management and to taking the principles of the UN PRI into account in its investment strategies. The PRI was developed by the UN organizations UNEP Finance Initiative and the UN Global Compact together with an international group of institutional investors. They reflect the increasing importance of environmental, social and corporate governance criteria (English: environmental, social and governance = ESG) in investment decisions.

CDP

As a signatory investor, MetallRente GmbH has also been a member of the Carbon Disclosure Project (CDP) initiative since June 2010 . The Carbon Disclosure Project (CDP) is a non-profit organization founded in London in 2000. Its aim is to enforce more transparency with regard to climate-damaging greenhouse gas emissions. Investors, companies, political decision-makers, scientists and the media use the CDP data to find out about climate-relevant data and corporate strategies. Investors may use this data. a. to evaluate long-term opportunities and risks in your portfolios, to determine your investment strategy and to develop investment products and indices.

TREE

Under the abbreviation BAUM, the Federal German Working Group for Environmentally Conscious Management e. V. since 1984 successful and future-oriented economic, ecological and social issues, i.e. the principles of sustainability, with one another. Today, BAUM, with over 500 members, is the largest business environmental initiative in Europe.

ddn

Members of the Demographic Network e. V. are companies of all industries and sizes, but also public institutions, scientists and private individuals who deal with the topic of demography. The Demography Network e. V. is a network of companies for companies that have come together to face the challenges of demographic change together. Ddn was founded in March 2006 on the initiative of the Federal Ministry of Labor and Social Affairs (BMAS) and the New Quality of Work initiative (INQA).

literature

  • Tobias Wiß: The change in old-age insurance in Germany: The role of social partners , Springer-Verlag, Wiesbaden 2011, ISBN 978-3-531-18211-7 , collective pension funds , p. 242 ff. ( Online )
  • Heribert Karch: The MetallRente pension fund - goals and strategies of a social partnership institution , in: Gotlind Ulshöfer, Gesine Bonnet (ed.): Corporate Social Responsibility on the financial market: Sustainable investment - political strategies - ethical foundations , 1st edition 2009, VS Verlag for Social Sciences, Wiesbaden, ISBN 978-3-531-16077-1 , pp. 177 ff. ( Online )
  • Gerhard Bäcker , Gerhard Naegele , Reinhard Bispinck, Klaus Hofemann, Jennifer Neubauer: Social policy and social situation in Germany. Volume 2: Health, Family, Old Age, and Social Services. 5th, revised edition, Wiesbaden 2008. ISBN 978-3-531-33334-2 , p. 459. ( online )

Web links

Individual evidence

  1. ↑ Metall-Rente starts. Retrieved April 30, 2018 .
  2. ↑ Numbers and facts 2019 . In: MetallRente GmbH . January 1, 2020 ( metallrente.de [accessed February 20, 2020]).
  3. ↑ Another record result for the MetallRente pension fund. MetallRente GmbH press release on business development in 2019. MetallRente GmbH, February 3, 2020, accessed on February 20, 2020 .
  4. ↑ a b Holger Balodis, Dagmar Hühne: The great pension lie. Why good and affordable old-age insurance is possible for everyone. Westend Verlag, Frankfurt / Main 2017, pp. 164–167.
  5. ↑ a b c MetallRente - a strong piece of collective bargaining partnership. In: Andreas Molitor, Hans Böckler Foundation, Düsseldorf, www.boeckler.de. November 2011, accessed October 23, 2019 .
  6. ↑ MetallRente. In: Heribert Karch, MetallRente GmbH, metallrente.de. 2019, accessed October 23, 2019 .
  7. ↑ MetallRente GmbH . In: PRI . ( unpri.org [accessed November 26, 2018]).
  8. ↑ These companies are members of the BAUM network. Retrieved November 26, 2018 .