Glossary:

An employer can create a so-called pension fund, in order to guarantee the old-age pension of its coworkers. The legal form is a cooperative insurance company on mutuality is established. A statute is specified, which are contained as high the contributions, which the employer would like to deposit into the pension fund. The pension fund is to be accumulated also entitled its own fortune, whose proceeds benefit then the pensions. As VVaG the pension fund is subject to the liability to insure by the Federal Institution of the supervision of financial achievement.

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