Any plan, fund, or scheme established by an employer which provides retirement income. In Germany, as a result of the Retirement Assets Act, such institutions are also subsidized by the state. The funds are subject to supervision by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht); statistical and regulatory information is provided in its annual report. – See pension contracts, vesting period, balance sheet, holistic, contractual trust arrangement, salary sacrifice, life annuity, pension fund, rabbi trust – See ECB Monthly Report January 2012, p. 66 (definition of “Pensionskasse”), BaFin Annual Report 2011, p. 114 (contribution income), BaFin Annual Report 2012, p. 116 et seq. (the ECJ’s ruling on unisex tariffs does not apply to occupational pensions), Deutsche Bundesbank Monthly Report of August 2013, p. 41 (statistical coverage of Pensionskassen to be refined), Financial Stability Report 2013, p. 19 (unfavorable demographic trends pose risks to pension institutions). – Cf. on the financial accounts of pension funds also the quarterly survey by the ECB, shown in the annex “Euro area statistics”. In the respective annual report “Statistics on primary insurance companies and pension funds” published by BaFin, also overview of contributions, investments and the earnings situation of the companies in Germany as well as other key figures with explanations.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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