On 2 February 2023, the Act of 26 December 2022 amending several provisions to strengthen transparency in the context of the second pension pillar, called the “Transparency Act” for short, was published. The Transparency Act reforms the communication to plan members about their occupational pension and this at the time of affiliation, during the period of affiliation, at the time of exit and at the time of pay-out. These amended rules are of practical importance for all pension plans (group insurance or pension funds – see below) and apply to both employees and self-employed persons.

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