Pension Institution of the Federal and State Governments

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Pension Institution of the Federal and State Governments

logo
State level Federation
legal form Institute of public right
Supervisory authority Federal Ministry of Finance and Federal Financial Supervisory Authority
founding February 26, 1929
Headquarters Karlsruhe , GermanyGermanyGermany 
Authority management Richard Peters ( CEO )
Servants 827 (December 31, 2017)
Web presence www.vbl.de

The Federal and State Pension Fund (VBL) is a public law institution with legal capacity and is supported by the federal government and the federal states - with the exception of Hamburg and the Saarland - and is based in Karlsruhe .

With around 4.7 million insured persons , 1.4 million pensioners and around 5,300 participating employers, the VBL is the largest German supplementary pension fund for employees in the public sector .

Its task is to provide the employees of the employers involved with additional old-age, reduced earning capacity and survivors' benefits. This is made possible by insurance under private law.

history

The VBL was founded on February 26, 1929 during the Weimar Republic under the original name of the Supplementary Pension Fund of the Reich and the Länder (ZRL) in Berlin. The task of the ZRL was at that time to provide the workers of the Reich administration and the administrations of the participating states as well as their survivors with subsidies to the statutory pension in order to compensate for the unequal treatment between civil servants and non-civil servants in the public service. At the beginning of the 1950s, the VBL got its current name and moved to Karlsruhe. After German reunification , the supplementary pension was also introduced in the new federal states in 1997.

Board of Directors and Board of Directors

The organs of the VBL are the executive board and the administrative board.

The board consists of 17 members, including 3 full-time board members.

The statutory body of the VBL is the VBL Board of Directors with equal representation, which consists of 38 members. 19 members are appointed by the Federal Ministry of Finance on the proposal of the sponsors and 19 other members are appointed for four years on the proposal of the trade unions. The group of employer representatives and the group of employee representatives each appoint a chairman from among their number. They hold the chair every calendar year.

At sight

The VBL as an institution and the compulsory insurance VBLklassik are subject to the supervision of the Federal Ministry of Finance . The voluntary insurance is managed in its own accounting association, which is supervised by the Federal Financial Supervisory Authority .

Compulsory insurance

The core business of VBL is the compulsory insurance VBLklassik, based on the collective agreement on company pension schemes (ATV). This means that anyone who begins to work for one of the approximately 5,300 employers involved in the VBL and fulfills the relevant requirements will be registered in the VBLklassik.

The compulsory insurance is based on a points model. In the point model, insured persons acquire pension points annually as pension modules, which are converted into a monthly pension when the insured event occurs. The amount of the annual supply points essentially depends on the amount of the remuneration subject to additional benefits and the age of the insured.

calculation

Through the 2001 pension plan and the collective agreement on the company pension scheme for public service employees (collective agreement for old-age provision - ATV) of March 1, 2002, the parties to the collective bargaining agreement in the public sector fundamentally redesigned the law on supplementary benefits. The previous overall pension system was closed on December 31, 2001 and replaced by a company pension system.

VBL has been offering the VBLklassik for over 80 years. The new supplementary care is based on a care point model. This replaces the overall view of statutory pensions and supplementary pensions and benefits are provided independently of external reference systems such as statutory pension insurance , civil servant benefits and the tax and social security system. The company pension determined according to the points model is added to the basic pension (statutory pension) and develops separately from it.

In particular, the consideration of the final salary based on the civil service pension (three-year period before the occurrence of the insured event) was given up. It has been replaced by a formula that reflects the total work performance in the supplementary pension during compulsory insurance. Pension points are determined annually, which take two essential individual components into account: the remuneration subject to supplementary pension provision for each insurance year and the so-called age factor, which includes the interest effects of the (fictitious) premium payment on which the point model is based.

Financing in the VBLklassik

In order to finance the pension benefits, the VBL uses both the partial coverage method and the capital coverage method. The compulsory insurance VBLklassik is pay-as-you-go in tariff zone West. Both funded and pay-as-you-go billing groups exist in the east tariff area.

Settlement Association West

The accounting association West of the VBL is financed in the section cover procedure through levies and restructuring funds. The expenses that are required to meet the pension benefits during this coverage period are determined for a coverage period. In addition, there is a fluctuation reserve of six monthly expenses. The amount of the required surcharges and restructuring funds for a coverage section are determined on the basis of an actuarial report.

The contribution rate is calculated in such a way that the contribution to be paid for the duration of the cover period, together with the other expected income and the available assets, is sufficient to cover the expenses during the cover period and the six following months. Since January 1, 2002, the contribution rate has been 7.86 percent of the remuneration subject to supplementary benefits. Employers contribute 6.45 percent of this and employees 1.41 percent of the remuneration subject to supplementary pension provision. In addition, employers pay an additional employee contribution to the allocation.

The additional employee contribution is used to finance additional costs due to the change in biometric risks. It is initially saved in a special fund of the Settlement Association West. The amount of this additional contribution is determined as a percentage of the remuneration subject to supplementary pension provision and staggered over time depending on the application of the respective collective bargaining law.

Accounting group east / surcharge

Since January 1, 2004, the contribution rate has been one percent of the remuneration subject to supplementary pension insurance in the accounting association East / Umlage (Section 64 (2) VBL Statutes). The responsible actuary determines the generated surpluses annually on the basis of a fictitious actuarial balance sheet. The same principles apply to the calculation as in the accounting group West.

Settlement Association East / contribution

In the tariff zone East, since January 1, 2004, contributions to the funded system have been levied in addition to the levy. This is borne equally by the employers and the employees. Since 2010, the contribution rate has been a uniform 4 percent of the remuneration subject to supplementary benefits.

In addition to the employee's share of the contribution of 2 percent, the employers pay an additional employee contribution to the funded procedure in the accounting association East / contribution depending on the application of the respective collective bargaining law.

Legal proceedings

Since the Federal Court of Justice (BGH) made the calculation of the starting credits in the points system on November 14th, 2007 ( IV ZR 74/06 ) for those born after 1947 and insured before 2002 as illegal (as well as on September 29, 2010 - IV ZR 99/09 - for non-contributory insured) complained about and declared parts of the articles of association to be ineffective, the parties to the collective bargaining agreement agreed to change the calculation. Thousands of those affected complained against the conversion of supplementary benefits by several instances. On March 9, 2016, the Federal Court of Justice ruled that the regulation on the initial credits for insured persons who are not retired according to the comparison model is ineffective ( IV ZR 9/15 and IV ZR 168/15 ). The Association for Securing Supplementary Pension Funds represents the interests of those affected . V.

Voluntary insurance

In addition, those insured with the VBL have the option of building up an additional, funded company pension scheme - VBLextra - through their own contributions. Both the Riester subsidy and the deferred compensation can be used as state subsidies. The civil service parties to the collective bargaining agreement have agreed the basis for deferred compensation in the collective bargaining agreements on deferred compensation.

literature

  • Rütger Boeddinghaus: Pension scheme at the VBL - collective bargaining autonomy as a savior in the event of restructuring? In: Der Personalrat 2008, pp. 401–406.

Web links

Individual evidence

  1. ↑ a b Board of the VBL, on vbl.de. Retrieved July 3, 2019 .
  2. ↑ a b VBL. Federal and state pension institutions: data, facts, history. Retrieved July 3, 2019 .
  3. ↑ VBL Annual Report 2017, page 5, on vbl.de. Retrieved July 3, 2019 .
  4. ↑ a b c Statutes of the VBL, 25th amendment to the statutes, on vbl.de. Retrieved July 3, 2019 .
  5. ↑ a b Financing in the VBLklassik, on vbl.de. Retrieved July 4, 2019 .
  6. ↑ http://www.startgutschriften-arge.de/
  7. ↑ http://www.startgutschriften-arge.de/5/Dossier_Verraten_und_verkauf_VBL.pdf
  8. ↑ VBL pension institution of the federal government and the states: Press release: BGH declares start credit regulation according to the comparison model to be ineffective. Retrieved May 16, 2019 .
  9. ↑ VSZ-EV - home page. Retrieved May 16, 2019 .