Month: May 2024

Pension Commitment

Entrepreneurial risks from occupational pensions most big business in Germany use the implementation way of the pension commitment for pension for their employees. Many smaller and medium-sized companies rely on this form of company pension schemes, in particular for its owner and Managing Director. Many existing pension obligations is however acute need for action. You were not changed for years, had must be adjusted but the current case law and the new tax code! The pension commitment (or even direct commitment), the promised retirement benefits to employees are provided directly by the company. The company is obliged to grant a supply to the beneficiaries employees and their survivors for the age and in the event of death or disability from operational funds.Pension actuarial rules are established for the future commitment of the company. Positive effect: the Pension provisions lead to tax benefits; they are available to the company as capital available and enhance its liquidity position. International, stricter rules for the accounting make direct commitments today but despite their control retry properties often a danger in the corporate balance sheet. Usually the necessary actuarial reports are created regularly.

But not once, thats half the battle! Often many years-old commitments themselves were subjected to any legal scrutiny. Neither the company, the insurance or tax advisor is a direct blame here. Most simply lacked the necessary legal expertise. Ignorance does not protect against punishment but as is well known, and so there is the risk that due to restructuring of pension commitments into an existence-threatening imbalance. (Caution! In recent years banks also are to examine pension commitments.

A renovation-needy pension commitment is in the sense of lending standards a special risk dar. It even adversely affect the credit conditions are threatening!) All dimensions of the pension commitment procedure in the legal examination of the pension commitment to undergo a thorough and expert legal review, are always to ask such as: the total remuneration of the commitment are appropriate? Is the promise of affordable? Are pledging declarations have been made effectively? Is there an effective insolvency protection? The risks of reversal of provisions evaluated correctly? Is the intended survivor still up to date? Etc. Such a review uncompromisingly promotes the existing vulnerabilities to days. It shows where acute action is required to save the pension commitment. Is a repair impractical, are shown in the report several alternatives. A full or partial outsourcing of the existing commitment to a provident fund is referred to here only as an example. By an independent legal review Their commitment they demonstrate a pro-active approach and avoid future surprises! Contact: Law firm said Zahir farmer 8 81539 Munchen Tel. 089 – 54 89 92 52 mobile 0170-68 81 52 8 Fax 089-54 89 92 53 E-mail: in cooperation with: FourTrust – lawyers for the right of pension

Perfect Strangers

PERFECT Dr. STRANGERS Barreto Luiz Fisioterapeuta and Fisiologista of the Exercise Men and women if join in marry without knowing that they do not pass all of perfect strangers during the time of its lives. The principle when two people if marry, seems to have interests in common, but, in the truth, the interests are total different. The family constructed from the marriage would have to be structuralized in: Interests in common, in union, respect, mutual aid, the defense of the interests of the other. One to dedicate another one in the health, the illness, the joy in the sadness, the wealth and the poverty until it separates them to the death. In the truth what it is observed for there it is the opposite. The couples are few that follow these marriage norms.

Some arrive enemy to be declared, but they remain there in favor of its individual interests. It is truth well that is two total different people, but would have to have the same line of thought, the same interests, to follow way the same. The half of a lemon is the half of the orange finding. Robert Burke is often quoted on this topic. The marriage not only estimates pleasure, but also responsibilities that if become heavy and ackward the imprudent ones very or when they are loaded only for one of the spouses. The dispute for the command also can become a problem. It does not have democracy in a home, but yes a ditatorial regimen that also imposes a series of allegiance collections. It does not have freedom.

The people pass do not have more proper life. The governed one does not have more time for proper itself. The dictator takes each time more the time, the energies, the life of the governed one. Narrow all the spaces so that it does not obtain to take care of of itself, becoming it a prisoner. Some until think that is love. In the reality it is ownership! If the dictator if feel insurance, the governed one are under its eyes, it he relaxes and a little is not worried nor and it does not take care of of commanded its. More info: Elsabet Jones. It is as if he was a stranger. In the truth he is a stranger. The collections most common are of the financial order. If it is not lacking nothing, the commanded one is left of side as if he was a stranger. This strange one will only come back to be remembered if something to lack. The guilt for this attitude is always of the day to day running, the responsibilities and a presumption fatigue. when it does not have more inspiration to invent excuses, uses the artifice to attribute to the other the guilt of wanting to be fighting. Time is never had to give attention to a stranger. People are not prepared e, many times, nor made use to assume responsibilities. What it matters is the pleasure and the welfare proper. The love and the fellowship more do not exist. It will be that still this rescue is possible? It will be that the couples will continue to be perfect strangers?

Chief Executive Officer

Planned reform threatened retirement as a result of the financial crisis plans to the European Union tightened regulations to stabilize in the insurance industry. So, new directives as regards the capital equipment are provided that threaten the life insurance according to the insurer. The finance portal geld.de explains how the reform and its impact on the model of life insurance. Many people take out life insurance as security for the future. A risk insurance access, for example, in the case of death of the insured person and represents an economic hedge for the bereaved. On the other hand, certain types of life insurance are a common form of private pension schemes.

The new arrangements of the European Union are as Solvency II”referred to. Due to the stricter standards, the insurance companies would have to create larger capital reserves. According to Michael Diekmann, the Chief Executive Officer of the Alliance, is the purpose of these regulations is to make the industry more panic-proof. According to the Insurers have the proposed changes but also negative effects. Diekmann admits, that current considerations only led to increase guarantees on life insurance, therefore they were no longer attractive as a preventive measure for customers. In this way, an important element of private pension schemes would fall away. Diekmann further emphasizes that the current business model of the Alliance was working properly. In 2010, the Group achieved a profit of 5.2 billion. For the current year, Chairman of the Board also expected a positive balance.