How does pension fund pro react

when a contract is cancelled?

In a fair, professional and well-prepared manner.

Termination of contract

Termination of contract

Vertragsauflösung

If an affiliation contract is terminated and the funding ratio is less than 97.5%, the vested benefits are reduced by the amount of the actuarial deficiency (imputation principle). The mandatory retirement assets, however, may not be reduced. The available fluctuation reserves or disposable assets of the affiliated pension fund are used to reduce or eliminate the deficiency.

From a funding ratio of above 97.5% the affiliated pension fund is entitled to surplus funds.

From a funding ratio of above 105%, the foundation's fluctuation reserves and disposable assets are added to the vested benefits on a pro rata basis.

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