The purpose of the foundation is to provide benefits to the employees (beneficiaries) of the founding company and to the surviving dependents to cope with the economic consequences of old age, disability and death. This purpose can be achieved in particular by: granting voluntary supplementary benefits in addition to the statutory retirement benefits in the event of old age, disability and death; paying voluntary buy-ins within the legal framework by the employees; granting funding benefits for contributions (including sanitation contributions) or insurance premiums to other tax-exempt occupational pension institutions for the benefit of the beneficiaries. Employer contributions may only be paid by the foundation if reserves have been made previously and declared separately. Furthermore, the foundation aims to support employees and their survivors in emergency situations such as illness, accident, disability or unemployment. To achieve its purpose, the foundation may conclude insurance contracts and join existing contracts in which it must itself be the policyholder. By decision of the foundation board, the staff of companies closely linked economically or financially to the founding company may be affiliated to the foundation, provided that the necessary funds are made available to the foundation and that the acquired rights of the previous beneficiaries are not diminished. Such a decision must be notified to the supervisory authority. The delegation of powers and asset management to the foundation board is recognized with the signature of the written affiliation agreement necessary for this purpose. This can be terminated. The terms of termination must be regulated in the affiliation agreement. Beneficiaries may assert individual rights to the foundation's assets only if such rights have been assigned to them by regulation or by decision. Article 89a paragraphs 7 and 8 CC concerning institutions without statutory benefits is reserved.
Outbound Leads by COHAGA