VBV - pension fund

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The VBV - Vorsorgekasse AG is the largest pension fund in Austria . It is a company of the VBV Group , a financial services company in the field of company pension schemes in Austria.

General

VBV - Vorsorgekasse was founded on June 28, 2002 as a joint subsidiary of V ereinigte Pensionskasse AG and BV P-Pensionskassen AG (the short form VBV was derived from the first letters of these companies).

The operational business of the pension fund began in 2003. The company initially operated as an employee pension fund . As a result of an amendment to the law that includes the self-employed in the Severance Pay Act, the company name changed on January 1, 2008 from VBV employee pension fund to VBV pension fund.

In Austria, the VBV supports employees as well as companies and the self-employed in the area of ​​mandatory company pension schemes. It sells the pension product through financial service providers (banks and insurance companies) as well as broker cooperations throughout Austria. At VBV - Vorsorgekasse, sustainability is a central part of the corporate strategy.

Every pension fund in Austria receives a key number (this defines the pension fund and is comparable to the bank code of credit institutions). The key number of the VBV - Vorsorgekasse is 71,600 .

Group structure and investments

VBV - Vorsorgekasse is one of seven companies in the VBV Group.

The following shareholders are directly involved in VBV - Vorsorgekasse: VBV - Betriebliche Altersvorsorge AG (91%), Merkur Versicherung AG (3%), Wüstenrot Versicherungs AG (3%), pension schemes for Austrian municipal employees (3%).

Via the stake in VBV - Betriebliche Altersvorsorge AG, the following are indirectly involved in the pension fund: Erste Group Bank AG, WIENER STÄDTISCHE VERSICHERUNG AG Vienna Insurance Group, Österreichische Beamtenversicherung, mutual insurance association, UniCredit Bank Austria AG, UNIQA Insurance Group AG , DONAU Versicherung AG Vienna Insurance Group, Grazer Wechselseiten Versicherung AG, Sparkassen Versicherung AG Vienna Insurance Group, UNIQA Österreich Versicherungen AG, 3-Banken Beteiligungs Gesellschaft mbH, Steiermärkische Bank und Sparkassen Aktiengesellschaft, Kärntner Sparkasse Aktiengesellschaft, Allgemeine Sparkasse Oberösterreich Bankaktiengesellschaft, Hypo Tirol Bank AG, Vorarlberger Landes -Versicherung VaG, Vorarlberger Landes- und Hypothekenbank AG, Tiroler Versicherung VaG, Bankhaus Carl Spängler & Co AG, Austrian Anadi Bank AG, Landes-Hypothekenbank Steiermark AG, Kärntner Landesversicherung a. G.

Task of the pension funds

The task of the company pension fund is the secure administration and assessment of those contributions that are to be made in accordance with the company employee and self-employed pension law (BMSVG).

  • For employment contracts concluded after January 1, 2003, the employer pays 1.53% of the gross salary from the 2nd month of employment to the selected pension fund through the regional health insurance fund.
  • Since January 1, 2008, the company pension scheme has also been opened for independent contractors, the self-employed and the liberal professions. Since January 1, 2010, civil engineers can also take part in the self-employed pension scheme. The contribution rate for the self-employed is also 1.53% (maximized with the maximum contribution base).

Pension funds grant a gross capital guarantee on the contributions paid. The entitlements can be paid out under certain, legally clearly defined conditions; As a rule, they make an important contribution to the second pillar of pension provision (there is the option of a lifelong, tax-free supplementary pension).

The contributions that flow into the collective investment scheme are held in personal accounts in the beneficial ownership of the beneficiaries.

Around 425,000 self-employed and freelancers and around 3.5 million employees make contributions to a total of eight pension funds. The obligation for employees, freelancers and the self-employed therefore already has a high level of market penetration.

The Austrian system of company pension funds is unique in Europe. The company pension funds are among the flagship models in Europe, as the rucksack principle means that the entitlements can be taken with you and thus every employee receives a severance payment. Entrepreneurs can also rely on social security in this system.

Awards & certificates

The Association for Consumer Information awarded VBV the test winner in the test of all pension funds in 2016. The company was the only pension fund to receive the grade very good. The top position was also confirmed for 2017 and 2018. The financial services provider has been the Austrian Climate Protection Prize winner in the companies category since 2016 . In 2017 the company was awarded the State Prize for Corporate Quality.

Individual evidence

  1. ↑ GPA homepage, BVK comparison
  2. ↑ VBV - Vorsorgekasse: a pioneer in sustainable investments for 15 years. Retrieved March 27, 2019 .
  3. ^ VBV: Company profile. Accessed January 30, 2019 .
  4. ↑ Company employee and self-employed pension law
  5. ↑ Platform of the provident funds
  6. ↑ Dr. Fritz Janda: Company pension funds in Austria. Company pension fund platform, 2018, accessed on March 27, 2019 .
  7. ^ Association for consumer information
  8. ↑ Austrian Climate Protection Prize 2016, bmnt.gv.at. Accessed January 30, 2019 .
  9. ↑ State Prize for Corporate Quality 2017 for VBV - Vorsorgekasse - Quality Austria. Accessed January 30, 2019 .

Web links

Coordinates: 48 ° 13 ′ 8.2 ″  N , 16 ° 22 ′ 19 ″  E