pension benefit plans -
A direct commitment to the pension
The direct commitment or pension promise is a variant of the company pension plan, which is often used for senior executives and managing directors.
The employer ensures in this case the employee, possibly also his survivors, one-time or ongoing benefits under certain conditions after the termination of employment . Possible are here both, defined benefit and defined contribution plans.
The benefits of a company pension plan must be provided by the employer. For this purpose, pension accruals of the employer are formed for the related risk and / or liquidity requirements, which can be optionally allocated to insurance companies by so-called reinsurance.
In order to get the pension promise binding and irrevocable, there are some conditions such as the amount of total supply or affordability, which must be met.
Get competently and consistently advised by our experts. We determine the right solution for you.