Pension fund gives it in Germany since 01 January 2002. A pension fund is a insurance-similar, legally independent supply installation, which grants achievements of the company pension scheme to the employees of its carrier entrepreneurs. The pension fund grants a legal claim to the employees. It must become certified by the Federal Institution for supervision of financial service (BaFin) and is subject also after permission of the supervision by these.
The financing of the achievements of the company pension scheme must take place in the capital covering procedure. The capital is put on by the pension fund in shares and bonds. With the investment politics the pension fund is subject to smaller restrictions than pension funds or life insurance enterprises. Thus a higher net yield is to be achieved.
The legal definition of the pension fund is in "ยง 112 VAG.
Pension funds must be secured by the pension safeguard association against insolvency.
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