Translation of "Betravg" in German

According to the German BetrAVG there are no specific rules regarding the funding of the pen sion obligations.

Labour court jurisprudence is equally important; its main principles have been consolidated in the act on the improvement of occupational pensions (Gesetz zur Verbesserung der betrieblichen Altersversorgung, BetrAVG). AVG).

Under the terms of an agreement between MTU and Dr. Rainer Martens’ former employer EADS, the retirement benefits accrued on the basis of both employer’s and employee’s contributions during his previous employment were transferred to MTU in accordance with Section 4, paragraph 2(2) of the German Company Pension Act (BetrAVG).

Particular attention should be given to the current legislative activities to amend both the Temporary Employment Act [Arbeitnehmerüberlassungsgesetz, AÜG] and the Company Pensions Act [Betriebsrentengesetz, BetrAVG] over the coming year.

The amount of the legally vested entitlement of a prematurely leaving employee is determined according to the quotation principle of Article 2 (1) BetrAVG (the entire entitlement is being time-proportionally reduced)

As of January 1, 2014, SZAG and its domestic Group companies carried out the examination on adjusting company pensions prescribed under Section 16 of the German Occupational Pensions Improvement Act (BetrAVG).

When the insolvency proceedings were opened, an other plaintiff did not yet have a legally vested entitlement, so that he is not entitled to any claim against the pension security association upon the occurrence of the insured event (Section 7 para. 2 BetrAVG).

Section 4a BetrAVG is being reviewed and will extend the notification obligations of the employer, respectively the pension company, concerning the expectancies.

In some cases, it is difficult to differentiate between defined contribution and defined benefit plans. In Germany, for example, a minimum level of benefits is guaranteed for defined contribution plans, such that, even when the plan is organized via an external fund or insurance company, it is still the employer that remains liable (the so-called ‘ultimate liability of employer’ pursuant to Section 1 (1) sentence 3 of the German Law on Retirement Pensions (BetrAVG).