Deloitte "Legal Update" Webcast #18/2025: Update Pensions Run Off 2025

Details:

The complete transfer of obligations from direct company pension commitments (‘Pension Run-Off’) is moving further up the agenda for many companies in the context of strategic considerations for company pension schemes – among other things, in the context of internal group reorganisations, to reduce non-operational risks and in connection with changes in shareholders (especially in the case of (family) corporate succession).

Ongoing financing of pension obligations through traditional financing instruments (e.g. reinsurance contracts, CTAs) is only of limited help, as these do not affect the employer's original obligation to fulfil the company pension commitment and therefore neither reduce accounting requirements nor completely avoid risks. A permanent release from obligations can be achieved, among other things, by transferring the company pension obligations to a pension company (Rentnergesellschaft) under conversion law, which continues the company pension commitments and assumes their further fulfilment (pension buy-out).

In the 2025 calendar year, a growing number of companies from various industries considered a pension buy-out, some of which implemented it and transferred pension obligations on a large scale (i.e., in some cases with an obligation volume of well over EUR 100 million) to such a pension company – repeatedly with the involvement of management consultants, actuaries, lawyers and tax advisors from Deloitte Pension Experts (DPE). 

In our webcast, we will discuss the latest developments and options for implementing a pension run-off via a pension fund company. The planned topics are:

• Pension Run-Off@ pension company: Strategic and operational considerations
• Current market developments
• Transfer of company pension obligations to the pension company: Legal implementation
• Labour law framework... and structuring options
• Tax implications

Our experts Jens Denfeld, Dr Michael von Rüden, Dr Lars Hinrichs and Christiane Bourseaux will guide you through the webcast and will be available for a detailed Q&A session following their presentations

Please feel free to submit your questions for the Q&A section when you register.