29.10.2021 – 15:00
On the occasion of its 20th anniversary, the joint pension fund of the social partners Gesamtmetall and IG Metall is presenting exclusive data evaluations. Around 1 million employees from 50,000 companies today provide for their old age with the offers from MetallRente or secure their workforce with MetallRente. That makes MetallRente two decades after it was founded the largest branch supply company in Germany.
Between 2018 and 2020 alone, the stock of company pension commitments grew by an annual average of 7.7 percent – the entire market for company pension schemes only grew by 1.3 percent. Today every 20th company pension in Germany is a metal pension. According to data from the Federal Ministry of Labor and Social Affairs (BMAS) as of December 31, 2019, the pension fund’s market share in direct insurance is as much as 9.8 percent.
Heribert Karch, who has been managing director of MetallRente since it was founded in 2001, was extremely satisfied today at the festive event in Berlin: “I am delighted with this successful record. After 20 years we are further than we ever thought. Our dynamic growth is well above all expectations From a socio-political point of view, we will only have reached our goal if all employees have a company pension commitment in addition to their statutory pension, “Karch continues. “The collective bargaining parties and pension funds such as MetallRente are therefore of immense importance for additional security in old age.” The MetallRente managing director concludes accordingly: “The new federal government should do everything to support companies and collective bargaining partners in further expanding the tried and tested system of company pension schemes.”
Overall Metal President Dr. Stefan Wolf emphasized in his speech: “20 years of MetallRente are a great success story and excellent evidence of active social partnership Unions can do if they pull in the same direction and pursue common interests. ”
The first chairman of IG Metall, Jörg Hofmann, emphasized: “Compared to purely private provision, the joint pension scheme offers employees clear advantages thanks to the institutional structures and low costs.” Hofmann’s conclusion: “A stable statutory pension together with good company pensions are the key to a good life in old age.”
MetallRente was founded on October 29, 2001 as a joint institution of the collective bargaining parties Gesamtmetall and IG Metall. The pension fund provides offers for company and private old-age provision as well as coverage for occupational disability, basic skills, care and surviving dependents. In addition to the metal and electrical industry, the steel, textile and clothing, IT, wood and plastic industries have joined MetallRente.
Press graphics and further information
Here you can download graphics on MetallRente’s track record after 20 years for your reporting.
Michael Brey, press officer
Car: +49 175 65 52 778
Bettina Theek, media and communication
Car: +49 160 90 44 15 69
Original content from: MetallRente GmbH, transmitted by news aktuell