GERMANY - Germany's Social Services Minister, Ulla Schmidt, has announced plans to bring forward employer contributions to the country's first pillar scheme in a move that could net it a one-off e3.2bn (US$4.1bn) windfall.
Payments are currently made in the middle of the month after wages are paid, but the changes would see that brought forward to the end of the relevant month, effectively giving the scheme 13 monthl...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
