Retirement pension More allowance for the golden years
What is it about?
Living well, even in old age! Everyone wants that, but it's hardly possible with the statutory pension alone. The pension level is set to reach 43% by 2030. To help you maintain your standard of living and receive more pension later, we provide more employer contributions than required by law. Those with lower salaries find it particularly difficult to make private provision and therefore receive a special subsidy from ELATEC. We have also selected an insurance partner who invests the funds according to sustainable criteria.
Typical case
Max is 28 years old and has already been able to put some money aside for his retirement years. He would like to contribute more. But he wonders: is it worth it at all and, if so, how much can and should he take away from his salary to do so? Max had taken out a direct insurance policy with his old employer. At ELATEC, he first seeks advice. Then he decides whether he should continue with his old contract or switch to the group contract at ELATEC. Either way, Max benefits from the 30 percent subsidy ELATEC pays him on his premium. And because he doesn't earn that much yet as a junior, he even gets an extra 40 EUR every month. Max doesn't have to think twice.
What do I get out of it?
- You get a larger pension, because the employer subsidy is 30% instead of the legally required 15%. In addition, you benefit from better terms thanks to the group contract.
- When concluding the contract, you will be advised by experienced insurance experts who not only have yield targets in mind, but also focus on green and sustainable investment. Our insurance partner for new direct insurance policies is Stuttgarter Versicherung, which also takes ethical, social and ecological aspects into account in its investments.
- If you already have a direct insurance policy, it will be taken over (after risk assessment) or transferred to Stuttgarter Versicherung. Other employers often do not offer this, because it means administrative effort. For us, this is secondary—because the focus is on securing your future, i.e. your pension.
How does it work?
- ELATEC pays a subsidy of 30% on the employee's deferred compensation for a direct insurance policy.
- You don't know anything about company pension plans? Don't worry, you have a competent contact person: Ramona Mayerhofer from our partner, Solfina Financial Solutions GmbH, will advise you.
- Whether you already have an existing contract or are interested in taking out a new one, it's best to contact Mrs. Mayerhofer directly (+49 8161 / 23 90 90, ramona.mayerhofer@solfina.de)—she will give you comprehensive advice and then take all the necessary steps.
- If you earn EUR 3,500 gross or less, you will receive a monthly employer allowance of EUR 40—regardless of whether you invest money yourself. If gross income rises above EUR 3,500 over the course of your service with the company and the entitlement thus lapses, the fixed allowance remains in place. However, this will be taken into account in the next salary adjustment.
