bAV Company pension scheme

A company pension scheme is used to build up a private pension in addition to the statutory pension. There are different ways to do this. One option is for you as an employee to contribute part of your salary to a savings plan in the form of deferred compensation. The conversion reduces your salary subject to tax and social security contributions. However, the net salary you receive is normally only reduced by part of the conversion amount. The employer can top up this conversion amount. The other option is for your employer to pay the contributions alone. Employers can make the payment of an additional contribution to a contract dependent on you also contributing a certain amount yourself. In all cases, you will receive an additional pension for life. This pension must also be taxed like the statutory pension and is subject to social security contributions. As the personal taxes payable in old age are generally lower than in working life, and only health and long-term care insurance are charged as social security contributions, for which there are also allowances, the company pension scheme is normally still worthwhile.

In order to receive the fairerjob@logistics premium seal, employers can select the payment of contributions in addition to the saved social security contributions to a company pension scheme as a criterion.