Pension fund

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In Germany, pension funds are usually organized in the legal form of a corporation under public law and entrusted with the provision of civil servants .

General

Pension funds are organized at the state level and were set up on the basis of a specific law. The Rheinische pension funds in Cologne-Deutz, founded in 1888, were founded on the basis of the “Law on the municipal pension funds and supplementary pension funds in the state of North Rhine-Westphalia”, which also applies to the communal pension funds Westphalia-Lippe . Mandatory members of the municipal pension funds are the municipalities belonging to their area of ​​responsibility with the exception of cities , other municipalities and associations of municipalities and other corporations , institutions and foundations under public law . Parliamentary groups as well as central municipal associations and comparable central municipal organizations can be admitted as voluntary members, provided they are based in the business area of ​​the pension funds.

The occupational pension is ensured by pension funds of doctors, pharmacists, lawyers, artists, etc. (such as the Bavarian Ärzteversorgung ).

tasks

In addition to the civil service pension (about payment of pensions , service accident compensation ) there is still the fiduciary asset management of pension reserves , calculating, determining and paying the aid , payment of civil servant salaries , billing of travel expenses and additional supply. The latter is often covered by independent supplementary pension funds . In addition to civil servants , these tasks are also carried out for employees in the public sector .

Usually, the pension funds do not create their own security assets for future pension benefits , but finance ongoing pension payments and their own administrative costs through uniform allocations for the compulsory members.

Other pension funds

The Federal and State Pension Fund is the largest German supplementary pension fund in the public sector. Among other things, there is also the Bavarian supply chamber (as authority of Bavaria organized) Local Versorgungsverband Baden-Wuerttemberg , municipal pension funds Kurhessen-Waldeck or the pension fund for pastors and church officials .

Individual evidence

  1. ↑ VKZVKG of April 8, 1975, GV. NW. P. 286
  2. ↑ In accordance with Section 13 (1) BVO NRW, municipal pension funds can be commissioned to set the aid.
  3. ↑ PricewaterhouseCoopers AG WPG (ed.), Public-law companies of the municipalities: Cross-country representation , 2015, p. 421