Share on LinkedInShare on LinkedIn

ARTICLE · 16 JUNE 2016

Adjusting Occupational Pension Plans To Upcoming German Pensions Act Amendments

Mayer Brown
Mayer Brown
Contributor
Mayer Brown

Mayer Brown

Mayer Brown is a leading international law firm positioned to represent the world’s major...

View firm profile
Explore more from Mayer Brown

Pension law in Germany will be significantly amended by the transposition of the European Mobility-Directive (Directive 2014/50/EU) into German law, as announced on December 30, 2015.

GermanyEmployment and HR

Pension law in Germany will be significantly amended by the transposition of the European Mobility-Directive (Directive 2014/50/EU) into German law, as announced on December 30, 2015. The new rules will come into effect in 2018. Employers that operate pension plans in Germany should use the time remaining to thoroughly analyze the impact of the new rules on their pension plans and to make any necessary adjustments.

THE ACT'S MAIN CONTENT

New Rules on Vesting, Sec. 1b, para. 1, BetrAVG (new)

The vesting period for acquired pension entitlements will be reduced from five years to three years. The minimum age for the accrual of vested pension entitlements will be reduced from 25 years to 21 years.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

See more popular content from