Koenig & Bauer announces a 3.7 per cent price increase effective 1 April 2018
- Award for a modern and fair pension concept
- Conversion from salary-dependent benefits to a contribution-based system
The prize is sponsored by the Confederation of German Employers’ Associations (BDA), the Federation of German Industries (BDI) and the German Institute for Retirement Provisions (DIA). Guest speaker at the award ceremony was the former Federal Minister for Labour and Social Affairs, Walter Riester. Basic contributions to the new company pension are calculated according to a wage- or salary-group-dependent scale and are paid in full by the company. In addition, the employees are able make own contributions to the company pension and can in this way actively influence their later retirement provisions. “The company pension is thus more transparent and more interesting for the employees,” says Schiele. The new company pension model also serves to strengthen the ties of existing employees to Koenig & Bauer, while at the same time attracting new employees to the company.
Source: Koenig & Bauer