As a member of the Staff Pension Fund Commission, you shape the occupational retirement benefits of your company.
How does a Staff Pension Fund Commission work?
The Staff Pension Fund Commission represents the interests of all insured persons in its company. For example, it ensures that the pension plans of Profond are optimally adapted to the needs of employees and employers and that these people are carefully informed and advised.
The Staff Pension Fund Commission comprises at least one representative each of employees and employers.
If the Staff Pension Fund Commission is composed of more than two members, employees and employers must always be equally represented.
The Staff Pension Fund Commission organises itself and is, among other things, the link to the Profond Foundation Board.
What are your responsibilities as a Staff Pension Fund Commission member?
As a Staff Pension Fund Commission member, you assume a responsible role your company’s retirement benefits. You decide on pension plans, communicate with Executive Board and the teams and answer any questions they may have from their colleagues.
Rights:
- Insight into all matters relating to staff pension schemes
- Design, change and approve the pension plan (elective savings plans)
- Participation in the use of uncommitted funds
- Participation in the election and change of pension solution
Duties:
- Informing colleagues about the organisation, activities and investments of the pension fund
- Supervision of reporting: The members of the Staff Pension Fund Commission check whether all personnel changes relating to the insured are correctly reported to Profond. This includes, for example, entry and exit as well as reports of incapacity to work.
- Supervision of the timely payment of employee and employer contributions
- Election of the Staff Pension Fund Commission (initiating substitute elections/new elections)
- Election of the Foundation Board of the pension fund incl. submission of election proposals
Liability
Liability analogous to Art. 52 (1) BVG (German)
Members of the Staff Pension Fund Commission are responsible for damages that they cause intentionally or through negligence.
Duty of confidentiality,analogous to Art. 86 BVG (German)
The duty of confidentiality applies to content received by Staff Pension Fund Commission members in the course of their activities. This obligation also applies if you are no longer engaged as a Staff Pension Fund Commission member.
We support you
Staff Pension Fund Commission election guide
The election of employee representatives for the Staff Pension Fund Commission is coming up? Our guide will take you through the process step by step in the form of a checklist, so that the election is compliant and transparent. Download now as a PDF document.
Further information
