Pension fund of the press
The pension fund of Presse GmbH (often also called press supply for short ) is a supply facility for the communication and media industry. The non-profit organization , based in Stuttgart, has an insurance portfolio of around 9 billion euros, has investments of over six billion euros and manages around 160,000 insurance contracts .
The press supply insures journalists and media operators in the area of old-age , survivors , occupational disability and long-term care provisions .
In 2015, the press supply was opened to other economic sectors and professional fields (e.g. for advertising agencies and information service providers), as the group of people that can be insured is constantly changing due to the spread of new technologies.
The group of shareholders is formed by the Federal Association of German Newspaper Publishers , the Association of German Magazine Publishers and the German Association of Journalists with its regional associations and the United Services Union ver.di in the fields of media, art and industry.
Founding history
In the middle of the 19th century, many writers and journalists were still living a life of hardship. Miserable wages and inadequate protection in the event of illness, occupational disability and death characterized the situation of many newspaper editors. Only a few large publishers such as Rudolf Mosse in Berlin, M. DuMont Schauberg in Cologne or Girardet in Essen already provided for a pension for editors.
Pension institution for German journalists and writers from 1893
The "Pension Institute of German Journalists and Writers , an association founded on the general German journalists and writers 'day in Munich July 8, 1893 (based on the model of the Cooperative of German Stage Members or that of the General German Teachers' Pension Institution, sd") guarantees its members after they turn 60 At the age of sixteen or in the event of an earlier disability, a retirement pension, which is usually a maximum of 5455.88 Mk. The waiting (waiting) period is 10 years, but can be shortened to 5 years for an additional payment. Members who become disabled before the end of the waiting period receive five sixths of their fees back. The establishment, whose seat is in Munich, has the rights of a legal person, was recognized by the Imperial Private Insurance Office in 1902 as a mutual insurance association and at the end of 1905 was divided into 27 local associations. At the end of 1905 the assets amounted to 1 million marks, the number of members to 800 excluding pensioners and excluding extraordinary (supporting) members. A widow's and orphan's pension fund will join this institution over the next few years. ”There is evidence that several journalists, such as Rudolf Singer (editor-in-chief, 1845) on the board of directors and the supervisory board of the German newspaper landscape, were involved.
Only ten percent of the 10,000 journalists at the time joined the pension fund. The low demand in connection with the rapid inflation after the First World War led to the cessation of business operations in 1924.
Pension institution of the Reichsarbeitsgemeinschaft der Deutschen Presse from 1926
The previous version of today's pension scheme has its roots in 1926. On January 9, 1926, the pension scheme of the Reichsarbeitsgemeinschaft der Deutschen Presse was founded in Berlin as the first professional contract based on collective bargaining law. Shareholders were the Reich Association of the German Press ( RDP ) as a journalists 'organization and the employers' association of the German newspaper industry.
By 1945 the insurance portfolio had grown to almost 6,500 insurance contracts, and the income was around 3.5 million Reichsmarks . With the end of the Second World War, however , the entire assets of the pension fund were lost. The occupying powers imposed a ban on the payment of premiums and confiscated all assets of the institution, which completely paralyzed it. It was therefore urgently necessary to rebuild the pension scheme for journalists.
Re-establishment in 1946
The driving forces behind the start-up were in particular publishers and journalists from the British occupation zone , who from August 1946 came together in the Northwest German Press Working Group . From the social welfare institution that was newly established there ( pension fund of the Northwest German Press ), the pension fund of the Presse GmbH emerged in its current form. Its founding meeting was held on May 28, 1949 in the historical “Magister Dr. Faust House ”was held in Bad Kreuznach . The members of the seven-person board of directors included the publishers Dietrich Oppenberg and Artur Lauinger , and Paul Heile from Hamburg was elected chairman.
development
The shareholders (regional newspaper publishers and journalists' associations) transferred the insurance cover to a consortium of life insurers. In the founding phase, these were Allianz , as well as Gerling and Colonia . Colonia was subsequently absorbed by AXA and Gerling by HDI . The insurance risks are today by Allianz (in charge), HDI, AXA and R + V worn. R + V has been included in the consortium as a further life insurer since January 1, 2019 , subject to the approval of BaFin .
The contracts concluded for the compulsory pension scheme for journalists are based on the relevant collective agreements. All shareholders waived profit distributions from the start . A separate accounting association for the capital investments prevented a mix-up with the investment funds of the consortium partners and individual strategies and investment priorities could be chosen. To cope with the supply problems for the editors of the war generation, the pension fund of the German press was also founded in 1953. The publishers paid a contribution of 2.5 percent of the salaries of their editors into this “support fund”. In 1974, a major step was taken with the conclusion of a collective bargaining solution for the magazine editors, which is why the Association of German Magazine Publishers (VDZ), the IG Druck und Papier industrial union and the German Employees' Union ( DAG ) joined the pension fund as additional shareholders. When the pension fund was closed for newcomers in 1998, the publishers paid their contributions to the pension fund for additional insurance for their editors. For magazine editors who have been registered with the press pension fund for the first time since April 2013, a new collective bargaining agreement applies with equal contributions (editor and publisher each 4%).
In addition to the “compulsory insurance”, the “voluntary insurance business” increasingly played an increasingly important role for the company. The share of this second business area increased to around 85 percent of the total portfolio in 2017. This includes both private and company pension schemes.
literature
- Heinz-D. Fischer , Erika J. Fischer: 100 Years of Publicists' Pensions in Germany , ECON Verlag, Düsseldorf 1997. ISBN 3-430-12789-0
Web links
Individual evidence
- ↑ Annual reports . Retrieved May 3, 2019 .
- ↑ https://www.presse-versorgung.de/vorsorgespektrum.html
- ↑ Philosophy & History. Retrieved May 3, 2019 .
- ↑ cf. Protocol of the General German Journalists 'and Writers' Day, p. 22, Schulz & Cie, Munich, 1884
- ^ Meyers Großes Konversations-Lexikon, Volume 15. Leipzig 1908, p. 570.
- ^ Minutes of the General German Journalists 'and Writers' Day, p. 22, Schulz & Cie, Munich, 1884
- ↑ cf. Advertisement Board of Directors and Supervisory Board In: Fischer, Heinz; Fischer, Erika, 100 Years of Publicists Pensions, p. 46, Econ, Düsseldorf, 1997
- ^ Dietrich Oppenberg, in the commemorative publication: 50 Years of the Pension Fund of the Presse GmbH. Telling contemporary witnesses , Stuttgart 1999 (p. 14f)