December 29, 2020
Due to contradictory and partly incorrect information circulating about various pension plans of the Substitute Occupational Benefit Institution the Foundation has decided to provide some clarification on this matter. It should be noted in particular that the W20 plans introduced by the Foundation on 1 January 2020 aim to reduce the increasingly high conversion losses at the expense of active insured persons. This measure was urgently needed to combat the misuse of the obligation to contract with the Substitute Occupational Benefit Institution.
December 4, 2020
Lukas Müller-Brunner is taking over from Martin Kaiser as Chairman of the Board of Trustees of the Substitute Occupational Benefit Institution LOB from 1st January 2021. This was decided unanimously by the Board of Trustees at its meeting today.