Insight into the German Pension Insurance Fund

Abstract

The main objectives of chapter 2 are to illustrate the role and relevance of the occupational pension scheme within the three-pillar pension system in Germany. The emphasis of this section will be centred on the expected or future role occupational pension funds may play given the funding issues the statutory pension system is facing. Demographic shifts in the society as well as radical changes in the labour environment are forcing legislators as well as regulators to position occupational pension solutions as a fundamental element of any pension mix, rather than a mere ‘add-on’ as they used to be perceived in the past.