Germany's old-age pension system consists of three pillars. As the statutory part has been decreasing in the last years, occupational coverage today plays an important role and is sponsored by the government.

The standard retirement age in Germany is 67. However, an earlier or later start of retirement is possible.

In the finance sector, occupational pension plans are often salary-linked and jointly financed by the employer and employee.

The government offers tax benefits: Contributions are deductible as business expenses for the employer and largely exempt from income tax for the employee. Pensions will be taxed when paid out to the beneficiary.

Measured by its capital investment volume, BVV is Germany's largest pension institution.
(Status 31.12.2023)

1. Externally financed and administered pension plans, that are in line with the finance sector's needs

2. Flexible pension plans with or without the employee's participation

3. Transfer of existing pension systems in connection with the outsourcing of pension reserves from direct benefit or benevolent fund agreements

Good to know: As a member-owned pension institution all BVV pension solutions are free of commissions or acquisition fees.

• We help you to find the right pension model for your company
• We advise you on all aspects of occupational pension provision
• We support you in informing your employees
• The BVV network includes events, newsletters and circulars
• We provide free advice for your employees
• We offer simple administration solutions

As a member of BVV, we will be happy to offer you an individual solution that fits your company's needs.

Based on our experience, the following model can be considered as the market standard and gives you a first overview of our main product. It consists of two components:

1. Basic pension coverage

In addition to the statutory pension insurance, a wage-based monthly contribution is paid to BVV by the employer. The employee may participate in the payment by way of deferred compensation. Each contribution will be credited to a personal BVV pension account. Later benefits are derived from the sum of accrued pension increments plus possible surpluses.

BVV compact cover includes:

• Lifelong retirement pension
• Protection in the event of disability
• Surviving dependants' pension

2. Supplementary pension

Your employees can increase their retirement pension individually, profiting from tax benefits and our excellent tariffs. This additional deferred compensation scheme is financed by the employee only.

We also provide brief English information for your employees.

Selected bulletins in english: