Cornerstones of German share pension set

(GermanPolicy.com) – The Deutsche Bundesbank has been selected by the Federal Treasury to manage the investment fund that will be used to pay for state pensions from shares in the future. The fund should operate in a yield-oriented manner. “In a first step, the fund should be fed exclusively from federal funds and the expected profits on the capital markets,” said Finance Secretary Florian Toncar, according to a media report. Based on the example of the Norwegian state fund, several billion Euros are to flow into the fund each year. The profits should go to the German pension insurance when a certain level is reached. The traffic light coalition had agreed on a share pension in their coalition agreement.

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