Retirement Provision

Private pension provision must become more attractive. Because state pension funding will in future only be able to provide a basic level.

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BVI has always been committed to strengthening private pension provision. Because of demographic developments, state pension funding will only be able to provide a basic level. In the current discussion on private provision for old age, we advocate a new, lean Riester pension with significantly less complexity and bureaucracy. Specifically, we have submitted the following proposals to the legislator:

  • Enlargement of the circle of eligible persons - self-employed persons should also be able to receive a Riester style pension
  • Simplification of the subsidy system - pure bonus subsidy (50 cents subsidy for every euro paid in) instead of a coexistence of basic bonus and tax deductibility
  • Reduction of complexity - no grant application procedure
  • More flexible premium guarantee in order to take better account of individual customer needs.

Positions

BVI's positions from A-Z

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