Change of Employer: Company Pension Fund

Questions and answers regarding your tax return or investments
Post Reply
Frantic
Posts: 52
Joined: Mon Mar 04, 2024 2:18 pm
Has thanked: 5 times
Been thanked: 10 times

Change of Employer: Company Pension Fund

Post by Frantic »

I was not sure if Employment or this room was the right place for this thread.

Soon or Later I will leave my current company. They provide a Pension Scheme.
They put some money on their own in their Pension Funds and I can put small part of my salary there. By the way this Funds has a kind of guaranteed gain percentage which decrease year after year as much as you approach the retirement age.

I still did not asked directly but from other colleagues who talked with HR, it looks like that there is no way to cash out these money (for sure the ones put by the company) or move them to another COmpany Pension FUnd.

Before going to talk to HR I want to try to be prepared about what are my rights.

Is what above true ? Does this means that if I change company, assuming the new one will have a Pension Scheme, I will just keep collecting piece of small pensions from each company ?

ANd what happen if I join a company which is not providing any pension scheme ?
I was thinking to just put XXX euro each month in an ETF World, as an alternative. Afterall I am still around 20 years far from my retirement.

Generally speaking how to be sure to build a decent integrative pension in the case of a person who change employer each X years ?
User avatar
PandaMunich
Posts: 413
Joined: Sat Feb 17, 2024 3:26 pm
Location: Munich
Has thanked: 100 times
Been thanked: 629 times
Contact:

Re: Change of Employer: Company Pension Fund

Post by PandaMunich »

Frantic wrote: Thu Jul 17, 2025 12:26 pm I was not sure if Employment or this room was the right place for this thread.

Soon or Later I will leave my current company. They provide a Pension Scheme.
They put some money on their own in their Pension Funds and I can put small part of my salary there. By the way this Funds has a kind of guaranteed gain percentage which decrease year after year as much as you approach the retirement age.

I still did not asked directly but from other colleagues who talked with HR, it looks like that there is no way to cash out these money
That is true.
Frantic wrote: Thu Jul 17, 2025 12:26 pm or move them to another COmpany Pension FUnd.
That is not true, see here: https://www-vr-de.translate.goog/privat ... r_pto=wapp
Frantic wrote: Thu Jul 17, 2025 12:26 pm ANd what happen if I join a company which is not providing any pension scheme ?
They have to, it's the law.
If you say that you want to renounce a part of your gross salary and pay that into a company pension plan (betriebliche Altersvorsorge = bAV), then the employer has to provide a company pension scheme, please see here: https://www.lexware.de/wissen/mitarbeit ... svorsorge/
  • Eine Pflicht besteht nur für den Fall, dass Arbeitnehmer den Aufbau mittels einer Gehaltsumwandlung selbst finanzieren. Allerdings auch nur dann, wenn die Beschäftigten in der gesetzlichen Rentenversicherung pflichtversichert sind.
  • There is only an obligation in the event that employees finance the build-up themselves by means of deferred compensation. However, this only applies if the employees are compulsorily insured in the statutory pension insurance scheme.
And the employer has to co-pay, please read this very good Finanztip article: https://www-finanztip-de.translate.goog ... r_pto=wapp
Post Reply