Company pension: Federal government wants to close the protection gap

German Bundestag

Legislators want to do more to protect occupational pensions.

(Photo: imago images / imagebroker)

Berlin The Federal Government wants to better secure benefits from the company pension in the future. If an employer becomes insolvent, the Pensions-Sicherheit-Verein (PSV) should, under certain conditions, take over the payment of the company pension that the employer has promised to the employee.

The Bundestag recently gave the go-ahead for the project. The Federal Council’s vote is due on June 5. The state chamber will most likely also adopt the draft law.

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