The pension safeguard association cooperative insurance company on mutuality (PSVaG) is in accordance with "§ 14 of the operating pension law (BetrAVG) the carrier of the legal insolvency safety device for the Federal Republic of Germany and the Grand Duchy of Luxembourg. It ensures the company pension scheme, if the employer is insolvent.
Due to "§ 7 BetrAVG legally unverfallbare claims and current achievements are protected, those due to direct supplying promises (direct promises), determined direct insurance promises (revocable subscription right or irrevocable subscription right, if the contracts retired from the employer, beliehen or pawned are), relief fund promises or pension fund promises were given.
In order to finance this, those exists the o for employers. A. Forms of company pension scheme accomplish, a public obligation to pay contribution.
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