Germany: Verdi and Talanx unveil pioneering agreement on an equity-based company pension model with no return guarantee

On Thursday 11 March, the trade union Verdi and insurance group Talanx presented a collective agreement to set up a company pension model based on social partnership. Three years after a law bolstering company pensions came into force, this agreement is the first of its kind to implement the provisions of the text. These allow for a model for financing company pensions that offers no guarantee of return and is based in part on riskier and more profitable financial instruments.

Through . Published on 15 March 2021 Ă  15h43 - Update on 15 March 2021 Ă  15h43

Lack of guarantee a deterrent. The collective agreement presented by services union Verdi and insurance group Talanx marks the first time that the provisions contained in the law to bolster company pensions, which came into force in 1998 (see article n°9939), are actually used.…

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