- Jochen Pimpertz / Oliver Stettes ·
- IW-Trends No. 3 ·
- 13 August 2018
Strengthening Occupational Pensions Act: A New Boost for Occupational Pensions?
Three out of four companies in Germany rely on “direct insurance”, a product offered by an external life assurer, to provide occupational pensions for their employees. Independent “pension funds” and “support funds” have been established in 28 and 18 per cent of firms respectively. Every eighth company operates a “direct commitment” system, disbursing pensions from their own accruals.