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Occupational pensions in Germany: changes ahead to implement the Portability Directive

25 January 2016

On 12 November 2015, the Bundestag (lower house of the German parliament) adopted national legislation (Gesetz zur Umsetzung der Mobilitätsrichtlinie) to implement the European Portability Directive. As a result, companies with occupational pension provision in Germany face increased costs and more red tape. Large parts of the legislation will come into force as of 1 January 2018.  Companies which are affected should use the period leading up to this date to prepare for the reforms.

The EU Portability Directive is intended to make it easier for workers to gain preserved rights to occupational pensions and to retain these rights if they move between member states. This note sets out  the main changes affecting German companies, and companies making workplace pension provision in Germany.

Please click here to read the full briefing note.

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