Seminar program 2020

1st seminar day: Presentation and intentions of the Kenston Academy for Occupational Pensions and Working Time Accounts and Kenston Pension Ltd

Fundamentals, requirements and implementation of company pension schemes – specialisations in labour, civil, tax and accounting law

  • Introductory excursus on the licensing requirement for legal and tax advice in the areas of occupational pension provision and working time accounts
  • Nature, purpose and development of occupational pension provision in the Federal Republic of Germany – Influences under European law
  • The labour law basic relationship of the company pension scheme – “The pension commitment“
  • Deferred compensation
  • The implementation channels of occupational pension schemes
  • Methodology and background to the formation of pension provisions
  • The recognised rules of actuarial mathematics Special case – The lump-sum endowed provident fund
  • The statutory vesting periodt
  • Severance pay
  • Transference
  • Early retirement pension
  • Statutory insolvency protection
  • Adjustment of benefits
  • International Accounting
  • Effects of the German Accounting Law Modernization Act (BilMoG)
  • Detailed view: Outsourcing of pension obligations
  • Changes to pension commitments
  • Occupational pension scheme on transfer of business and universal succession
  • Current developments
2nd seminar day: Summary of the 1st seminar day and introduction of the 2nd seminar day

The company pension scheme for the controlling shareholder-managing director of a corporation

  • Fundamentals of the shareholder-managing director pension scheme
  • The special position of the shareholder-managing director due to his participation in the company
  • Tax treatment of a direct pension commitment in the case of a corporation
  • Tax law treatment of an indirect pension commitment at a corporation
  • The tax treatment of a direct pension commitment by the shareholder-managing director
  • The tax law treatment of an indirect pension commitment by the shareholder-managing director
  • Waiver, severance payment
  • Revocation of pension commitments
  • Transfer, change of debtor and change of implementation channel
  • Managing Partner in the Social Insurance Division
  • Civil law insolvency protection
  • Sensible financing possibilities
  • Specific implementation issues in practice
  • Comparative considerations: Pension commitments to “other, dominant” company managers
  • Current developments
3rd seminar day: Final day of the seminar series

Time value accounts in the operational implementation – legal bases, application of law and design options

  • Social, Political and Economic Backgrounds – Time Value Accounts in the Conflicting Field of the Current Situation
  • Current status of statutory, occupational and private pension schemes – Legal basis and functioning of working time accounts
  • Deferral of working time accounts from deferred compensation as part of company pension plans
  • Definition: Differentiation between different types of working time accounts
  • Accruals and deferrals of working time accounts and partial retirement models
  • Advantage considerations: Working time accounts as a partner of the company pension scheme and successor to the statutory partial retirement scheme
  • Financing options for working time accounts
  • Investment opportunities and strategies for the reinsurance of value assets
  • Legal requirements for working time accounts incl. effects of the “Act to Improve the Framework Conditions for Safeguarding Flexible Working Time Regulations and for Amending Other Acts (Flexi-G II)”: Labour law requirements / social security law requirements / insolvency protection of assets / effects of the creation of assets on other legal areas
  • Tax and accounting treatment of working time accounts in the company – Effects of the influences of the Federal Ministry of Finance (BMF)
  • Tax effects on the employee
  • Design options and advantage considerations: Treatment of employer subsidies / transfer of credit balances to a new employer or to the German Pension Insurance Association
  • Requirements and prerequisites for the technical and legal introduction and ongoing administration of working time account systems
  • Current developments
Written final examination about the seminar contents of the previous seminar days.

Upon successful completion, the certificate of Certified Cooperation and Consulting Partner for Occupational Pensions and Working Time Accounts of Kenston Pension Ltd is awarded.

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