Event
1 Dec.

Outsourcing German pension liabilities using the Pensioner Company approach

Thursday, 11:00 a.m.

For many companies, pension liabilities are a significant part of the balance sheet which will need to be paid out over the next few decades. Often, these liabilities were accrued years in the past when the company had a much larger workforce in Germany and now represent a material risk to the employer and employee (who can lose a significant part of the value of the pension if the former employer becomes insolvent).

Why think about using the approach? What are the advantages and disadvantages of the approach? Which design options can be used to limit risks for all stakeholders to the desired extent?

Webcast | 1st December 2022, 11:00–12:00 CET and 11:00–12:00 EST

Registration CET

About the webcast

Pensions: volatile balance sheet due to discount rate changes, inflation increasing pensions, longevity increasing the period over which the pensions are paid, associated costs. Moving pension liabilities to an appropriately funded pension company could be the most cost-effective solution.

In this webcast, which will be jointly organized by Deloitte and UBS, we will introduce the Pensioner Company as an outsourcing option for pension liabilities of ex-employees. Compared to other outsourcing and financing models, the Pensioner Company allows a more flexible, extensive, and efficient risk transfer.

The Pensioner Company market has developed over the past few years with new providers offering a range of solutions. We will outline the issues involved and ways to cope with them.

Our guest speaker Tom Payne, from UBS, will introduce an additional feature that they have developed to address the 10-year joint liability issue when a corporate spins-off a new pensioner company under the German Corporate Restructuring Act (UmwG).

Please register here for the webcast at 11:00 a.m. (CET).

Please register here for the webcast at 11:00 a.m. (EST).

Topics

  • Why outsource pension liabilities?
  • The design elements
  • Taking account of various stakeholders
  • Legal aspects
  • Accounting treatment
  • Special feature on dealing with the joint liability issue: UBS guest speaker 
  • Q&A

Information

Date
Thursday, 1st December 2022
11:00–12:00 CET
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11:00–12:00 EST
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Registration
Please note that the same webcast is picked up twice at different times.
Register here for the webcast at German time and here for the webcast at American time.

This event is jointly organized by Deloitte Consulting GmbH and UBS. 

Participation fee
Participation in the event is free of charge.

Zoom
Zoom is a leading tool in modern corporate video communications. It is certified by several independent testing organizations who confirm that it meets Deloitte’s requirements for processing confidential information. Functions that do not meet these requirements such as file transfer and attention tracking are disabled at Deloitte. In addition, all data at Deloitte are transmitted via encrypted channels using secure protocols.

Contact
For further questions, please contact Peter Devlin, Tel: +49 89 29036 7948.

Deloitte Speaker

Peter L. Devlin

Peter L. Devlin

Partner Human Capital | Total Rewards

Peter is a Partner and head of the Total Rewards practice in Germany. He is responsible for advising clients on Total Rewards (German and international, compensation, pensions and benefits). In addition he heads up Germany’s M&A Human Capital team dealing with both due diligence issues and post-merger integration projects. He has 20 years’ experience of advising clients on international Total Rewards issues. Prior to moving to Germany he was a benefits actuary and investment consultant based in London, UK. He has written numerous articles on international pension & benefits, compensation, M&A and PMI topics.

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Thursday, 1 Dec 2022 11:00 a.m.
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