Pension fund Hoesch

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Pension fund Hoesch Dortmund death benefit insurance VVaG

logo
legal form VVaG
founding 1923
Seat Dortmund
management Jens Leder (Chairman), Uwe Gehrig (Deputy Chairman), Hans-Jürgen Derdau
sales EUR 259 million (total assets)
Website www.vkh-online.de
As of December 31, 2011

The pension fund Hoesch is a German death benefit fund . The fund has 130,000 members. It is organized in the legal form of a mutual insurance association and therefore belongs to the insured themselves.

history

The men of the blast furnace machine department of the Dortmund Westfalenhütte founded the “death benefit aid” in the spring of 1923 and thus laid the foundation for today's pension fund Hoesch (VKH). Initially intended as help among colleagues in the event of death, the number of those involved grew rapidly. In 1924, 300 members took part, each of whom paid one Reichsmark to the relatives in the event of the death of a colleague. The workers wanted to alleviate the distress of relatives after a death. Although the founder of the plant, Leopold Hoesch, already had important social institutions immediately after the Westfalenhütte was built in 1871 - such as the " Factory Health Insurance Fund" (1874), the "Pension Widows and Orphans Fund for Officials" (1872) and the "Workers' Pension Fund" (1906) - introduced; But that and the later state social package were not always sufficient. If a colleague died, his family often got into great financial difficulties.

Following a request from the city administration and initially massive protests by the workers, the “death grant aid” was placed under the jurisdiction of the Dortmund City Insurance Office in 1936 . As a result, the “death benefit allowance” became legally competent for the first time and the benefits were paid according to actuarial principles instead of on a pay-as-you-go basis.

After the Second World War, the fund grew enormously and therefore had to submit to the Federal Supervisory Office for Insurance and Building Societies in Berlin. This was accompanied by a change of name to “death grant allowance for the workforce of Hoesch Westfalenhütte AG”.

The merger of the Dortmund-Hörder Hüttenunion with the Hoesch AG in 1966 led to another rapid increase in membership. The area of ​​validity of the death benefit fund was expanded to include the entire workforce of the Phoenix and Union plants, so that the fund took 10,000 members. For administrative reasons, this has meant that since then the membership fees can also be withheld directly from the salary. Three years later, the death fund offered its services throughout the Hoesch group. From January 1, 1970, the option of so-called “child co-insurance” was offered with a monthly payment of DM 0.10 and an insured sum of DM 1,000.

The death fund continued to grow: membership numbers as well as assets and benefits climbed ever higher in the following years. In 1983 the death fund got its current name: "Vorsorgekasse Hoesch" (VKH). In 1988, the opening of the death fund for non-group members of the small solidarity community of 1923 finally became Germany's largest death fund with 130,000 members, 681,000 insurance contracts and total assets of 232 million euros. The generated surplus flows back to the insured in the form of profit surcharges and bonus increases.

By expanding its offer, the Hoesch pension fund adapted to the change from a company pension fund to a generally accessible pension fund. Since 1996, the VKH has offered life insurance in addition to death benefit.

Mergers and portfolio transfers since 1995

The pension fund grew in the past through numerous mergers and portfolio transfers so the welfare Sterbekasse Green (1 January 1995), the club spreader neighbors (1 January 1998), the burial aid Sprockhövel (1 January 1998), the death benefit self-help (1 January 1999), the burial fund Henrichshütte (1 January 1999), the burial fund Eisenwerk Rothe Erde (1 January 1999), the death benefit fund Muelheim-Ruhr-Hot (for 1 January 1999), the general Sterbekasse "Selbsthülfe" Schwerte (Ruhr) (as of January 1, 2000), the Death Assistance for Survivors Krupp VVaG Essen (as of January 1, 2000), the Hamburg-Harburg Funeral Association from 1923 (as of January 1, 2001) and the death grant from Slip of DAB VVaG (as of January 1, 2001).

In September 2004, the Henkel death fund was merged with the Hoesch pension fund. The 19,000 members of the Henkel death fund were taken over by the Hoesch pension fund, with retroactive effect from January 1, 2004. In 2006, the BKK Chemie Partner's death fund was taken over retroactively from January 1, 2005. On January 1, 2007, the Death benefit of the employees of DK Recycling and Roheisen . UK Geisweid was also taken over retrospectively as of January 1, 2007.

In December 2011, BaFin, as the competent supervisory authority, approved the merger of Allgemeine Sterbekasse Essen with VKH, which was merged retrospectively as of January 1, 2011. On August 31, 2012, BaFin approved the merger of the Justiz-Versicherungskasse Lebensversicherungsverein aG with 5,200 members into VKH, which was merged with retroactive effect from January 1, 2012.

On December 19, 2013, BaFin approved the transfer of the holdings of the Thyssen Draht death fund to VKH. On December 15, 2014, BaFin approved the transfer of the holdings of the Oberbarmer Death Fund “Einheit” VVaG to the VKH. On December 16, 2016, BaFin approved the transfer of the entire portfolio of the Dortmund-Bövinghausen VVaG to the VKH.

The transfer of the entire insurance portfolio of Versicherungsverein aG Witten to the pension fund Hoesch took place in December 2017. In December 2018, the transfer of the holdings of the “Hilfe am Grabe Freudenberg” VVaG was approved.

Web links

Individual evidence

  1. ↑ Imprint. VKH, accessed February 10, 2013 .
  2. ↑ Statistics from BaFin - Primary Insurance Companies 2011 (Death Funds). (PDF) BaFin, November 6, 2012, p. 146 , accessed on February 10, 2013 .
  3. ↑ a b c d e f g About us. VKH, accessed February 10, 2013 .
  4. ↑ Safe money for the last rest . In: Board of the Association of Henkel Retirees (ed.): The network for Henkel retirees: a publication by the Association of Henkel Retirees . 2004, ZDB -ID 2399440-X ( henkel-pensionaere.de [accessed on October 8, 2012]).
  5. ↑ Transfer of an insurance portfolio . In: VerBaFin . October 2006, ZDB -ID 2101169-2 , p. 5 ( bafin.de [PDF]).
  6. ^ Matthias Pieper: Dissolution of the death benefit of the employees of DK Recycling . In: DK in focus: The employee magazine of DK Recycling und Roheisen GmbH . No. August 30 , 2008 ( dk-duisburg.de [PDF; 2.3 MB ; accessed on October 8, 2012]).
  7. ↑ Amalgamation of death benefit funds . In: BaFinJournal . April 2012, ZDB -ID 2271033-4 , p. 25 ( bafin.de ).
  8. ↑ The supervisory authority (BaFin) approves the merger of the Justiz-Versicherungskasse Lebensversicherungsverein a. G. to the VKH. VKH, August 31, 2012, accessed February 10, 2013 .
  9. ↑ Amalgamation of death benefit funds . In: BaFinJournal . October 2012, ZDB -ID 2271033-4 , p. 31 ( bafin.de [PDF]).
  10. ^ Thyssen Draht death benefit fund . In: BaFinJournal . March 2014, ZDB -ID 2271033-4 , p. 35 ( bafin.de [PDF]).
  11. ↑ Oberbarmer death fund "Einheit" VVaG . In: BaFinJournal . February 2015, ZDB -ID 2271033-4 , p. 35 ( bafin.de [PDF]).
  12. ^ Pension fund Hoesch Dortmund death benefit insurance VVaG . In: BaFinJournal . February 2017, ZDB -ID 2271033-4 , p. 44 ( bafin.de [PDF]).
  13. ^ Pension fund Hoesch Dortmund death benefit insurance VVaG . In: BaFinJournal . January 2018, ZDB -ID 2271033-4 , p. 41 ( bafin.de [PDF]).
  14. ^ Death fund "Hilfe am Grabe Freudenberg" VVaG . In: BaFinJournal . February 2019, ZDB -ID 2271033-4 , p. 49 ( bafin.de ).

Coordinates: 51 ° 31 ′ 41.9 ″  N , 7 ° 28 ′ 58.9 ″  E