What you should do today to be unaffected in the age the Handelsblatt writes in an article by the 18.3.2010, that workers in Germany their right to occupational pensions take (bAV) much to little avail. A study of Accountants of KPMG revealed that the current occupational pensions is by no means sufficient to secure a decent standard of living together with the statutory pensions (source AP). Overall, only modest 2.75% of the income of an average earner flow in the year in the bAV. This occupational pensions must play (bAV) in the future an elementary role in reducing the risk of poverty in old age. The businesses have recognized the essential importance of occupational retirement provision for social security in the age though the average contribution level is sufficient but still rear and front not to ensure adequate protection in the age. What to do if employees prove bAV-muffle? Different systems of the bAV’s success depends on their respective structure. While in Germany most systems are based on that of workers bAV actively selects (opting in) a procedure is common in the United States, initially every worker is included in the, unless he is expressly contrary to (opt out).
This procedure is also possible according to local labor law and experts already argue for greater dissemination of opting models in the bAV also in Germany. Could reach including employee groups, which hardly take part in the bAV. Change of VN to AVL the reductions in social security contributions and the possibility of successive taxation make manageable the net savings investment for the bAV for the workers. Often it is worth savings contributions, which previously flowed into the capital-forming payments (VL) – savings, to invest in the future in the bAV and AVL therefore (Altersvermogenswirksame services) perform-Sparen. The main benefits for the workers are in the transition to AVL, that he compared to the VL-saving at a high net income achieved a significantly higher savings contribution can. For the employer, the benefit is also in terms of saving a portion of social security contributions. He could grant a higher subsidy to the AVL as the VL so if necessary – without financial burdens – workers. A bAV in your company can help the introduction or change specialized bAV – lawyers, as well as with the concept of an “opting” model or changing VL to AVL. Contact: Law firm said Zahir farmer 8 81539 Munchen Tel. 089 – 54 89 92 52 mobile 0170-68 81 52 8 Fax 089-54 89 92 53 E-mail: in cooperation with: FourTrust – lawyers for the right of pension
