The carriers of the general old age pension insurance must reproach a lastingness reserve (until at the end of calls 2003 also fluctuation reserve) by law. The lastingness reserve consists of surplus operational funds and reserves; from it deficits are to be covered and to be too adjusted income fluctuations in the yearly process. In this way short term rate of contribution adjustments can be avoided.

For the disbursement of the monthly pensions in emergency also the state occurs, which must close the gap of coverage over a preferred transfer of the monthly Federal subsidy or by a short term working capital credit.

The rate of contribution in the general old age pension insurance depends on whether on 31 December of a yearly with retention of the past rate of contribution the means of the lastingness reserve

1. presumably 20% of the average expenditures for a calendar month (minimum reserve) fall below or
2. presumably 150% of the average expenditures for a calendar month (maximum lastingness reserve) exceed.

The reconciliation of under-year old income fluctuations comes by the melting of the reserve increasingly into danger. The following overview shows, how the lastingness reserve developed since 1992. From at that time 25 billion euro (2.6 monthly expenditures) was diminished the fluctuation reserve until 1997 on 7,3 billion euro (0.6 monthly expenditures), although in the same period the rate of contribution was raised of 17,7 on 20,3 per cent. In the years 1996 to 1998 the legal goal value of the lastingness reserve was substantially fallen below.

The sinking of the lower goal value of the lastingness reserve on 0,2 monthly expenditures took place before the background of the economic weakness phase, which began starting from the year 2001. The sinking contributed substantially also to the fact that the rate of contribution could be held despite.

Described with the lower and the upper goal value of the lastingness reserve a range will be supposed to become balanced, within those fluctuations relating to market conditions. The goal values of the fluctuation reserve are referred to the year end and for the appointment of the rate of contribution relevantly.

The height of the lastingness reserve in the remaining months of the yearly is less of importance and follows a specific process. While the development of the expenditures of the old age pension insurance runs under-year old relatively evenly, the contribution entrances fail in the individual months differently highly. This development is not new, on the contrary under-year old liquidity fluctuations are inevitable due to special payments of the employers or a different number of bank working days. In particular the lastingness reserve continues to itself diminish regularly in the yearly process always and only in the month Decembers by the contributions arriving then to special payments ("Christmas benefit ") to its yearly final value is filled up. In the year 2004 this buildup amounted to in the month Decembers nearly 3 billion euro. Also in the past the lastingness reserve is in the yearly process pleases and to the year end in comparable order of magnitude risen. Thus the lastingness reserve was for example in November 1995 approximately 3.6 billion euro under the yearly final value. In the year 1996 there was 3.4 billion euro, in the year 1997 2.4 billion euro.

is announced in each case the lastingness reserve at the end of the month by the old age pension insurances to the Federal Insurance Office. Since at the end of January 2005 as follows developed the lastingness reserve in the general old age pension insurance after these monthly bulletins:

Articles in category "Lastingness reserve"

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• Csizmadia
  Cataloguing forgotten memories of individual lives, he leaves no illusion as to the lastingness of values. "Reserve of Dead Swiss" ...


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  Case Western Reserve University. Ramkrishnan V. Tenkasi ... expectation of mutual benefit and that of lastingness in the American cultural model of ...


• WASHINGTONIAN: Chat Transcript
  Todd Kliman: Lastingness. It's what a lot of restaurants aim for, certainly, ... You might want to try the sleek, steely bar (with a few no-reserve tables) ...