Insurance broker / Company pension schemes in Germany (bAV) / Policy wording archive
Hannoversche Pensionskasse Tarif E: the policy wording in full
Pensionskassentarif mit Altersrente und wählbaren Tarifstufen für Erwerbsminderungs- und Hinterbliebenenrente, Rentenbeginn bis 70 aufschiebbar, Kapitalabfindung auf Antrag drei Jahre vor Rentenbeginn.
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Everything about this policy
What the policy covers: 62 points, each with its clause
Quotes are shortened. The full German wording of each point is on the German page for Hannoversche Pensionskasse Tarif E.
Basics and funding vehicle
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Direct insurance (employer is policyholder, employee is the insured person) | not addressed | ||
| Pension fund or occupational group insurance as funding vehicle | yes | „Die Anmeldung der Mitarbeiter einer Mitgliedseinrichtung zur Versicherung erfolgt durch …“ | § 1 Nr. 1 AVB, page 3 |
| Reinsurance policy backing a direct pension promise or support fund | not addressed | ||
| Funding by employee salary sacrifice possible | not addressed | ||
| Purely employer funded pension possible | not addressed | ||
| Tax favoured contributions under local law | not addressed | ||
| Employer top up on salary sacrifice (Germany 15 percent) regulated in the wording | not addressed | ||
| Group framework contract with own terms (simplified acceptance, special costs) | not addressed |
Retirement benefit and guarantees
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Guaranteed technical interest rate during accumulation | not addressed | ||
| Contribution guarantee at retirement (share of paid contributions) | not addressed | ||
| Defined contribution with minimum benefit or contribution oriented benefit promise expressly covered | not addressed | ||
| Guaranteed annuity factor or minimum pension at retirement | yes | „Die Steigerungsbeträge ergeben sich aus auf die Beiträge bezogenen Prozentsätzen.“ | § 7 Nr. 3 AVB, page 8 |
| Lifelong annuity as standard benefit | yes | „Der Anspruch auf eine Rentenleistung erlischt spätestens mit dem Tode des Versicherten“ | § 8 AVB, page 9 |
| Option to take a lump sum instead of a pension | yes | „Der Antrag muss spätestens drei Jahre vor dem Eintritt des Versorgungsfalles …“ | § 6 Nr. 1.4 AVB, page 5 |
| Partial lump sum alongside the pension | not addressed | ||
| Flexible retirement start (earlier or deferred) | yes | „Ein Aufschub des Altersrentenbeginns über das für den Versicherungsvertrag maßgebliche …“ | § 6 Nr. 1.3 AVB, page 5 |
| Guaranteed annuity period or return of remaining capital in payout | not addressed | ||
| Pension increases in payment (profit use, indexation) | not addressed | ||
| Fund investment with fund choice during accumulation | not addressed | ||
| Profit participation and share of valuation reserves | not addressed |
Survivors and additional cover
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Death benefit before retirement (return of contributions or fund value) | yes | „beim Tod eines Leistungsanwärters 60 % der fiktiven Rente“ | § 7 Nr. 7 AVB, page 9 |
| Survivor pension to spouse or registered partner | yes | „Die Höhe der Hinterbliebenenrente gemäß § 6 Nr. 3.1 beträgt beim Versterben eines …“ | § 7 Nr. 7 AVB, page 8 |
| Orphan pension to dependent children | not addressed | ||
| Beneficiaries limited to survivors allowed under tax rules | yes | „Der Ehe ist die eingetragene gleichgeschlechtliche Partnerschaft gleichgestellt.“ | § 6 Nr. 3.1 AVB, page 6 |
| Funeral grant to other persons (amount) | not addressed | ||
| Disability cover as rider in the same contract | yes | „Die Rente wegen voller Erwerbsminderung ergibt sich in der Tarifstufe EnAI und EnAIW …“ | § 7 Nr. 6 AVB, page 8 |
| Premium waiver if the employee becomes disabled | not addressed | ||
| Long term care option or higher pension in case of care need | not addressed |
Vesting and change of employer
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Immediate vesting of rights from salary sacrifice | not addressed | ||
| Vesting period for employer funded parts | not addressed | ||
| Irrevocable beneficiary right of the employee from the start | not addressed | ||
| Insurance contract solution on leaving (policy passes to the employee) | yes | „Für außerordentliche Mitglieder und Mitglieder im Wartestand wird die bestehende …“ | § 4 AVB, page 4 |
| Transfer to a new employer or provider | not addressed | ||
| Private continuation with own contributions after leaving | yes | „Auf Antrag können sie als Einzelmitglieder die ordentliche Mitgliedschaft beantragen …“ | § 4 AVB, page 4 |
| Contribution pause during parental leave, sick pay or short time work | yes | „Eine Mitgliedseinrichtung kann eine Beitragsfreistellung für eine nach diesem Tarif …“ | § 3 Nr. 1 AVB, page 3 |
| Reinstatement after paid up status without new health check | not addressed | ||
| Insolvency protection of the entitlement | yes | „Das Vermögen, insbesondere die Vermögenswerte des Sicherungsvermögens und die Einkünfte …“ | § 5 Nr. 2 AVB, page 5 |
Costs, cancellation and disposal
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Zillmerised tariff (acquisition costs offset against first contributions) | not addressed | ||
| Acquisition costs spread over at least five years or the whole term | not addressed | ||
| Deduction on cancellation or paid up status | not addressed | ||
| Deduction on transfer to another provider | not addressed | ||
| Disposal restriction: assignment, loans and surrender by the employee excluded | yes | „Eine Beitragsrückgewähr ist ausgeschlossen.“ | § 4 AVB, page 4 |
| Free fund switch | not addressed |
Underwriting and employer duties
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Simplified health check for riders in group business | yes | „Die Prüfung der Gesundheitsverhältnisse ist nicht erforderlich, wenn sich die …“ | § 1 Nr. 4 AVB, page 3 |
| Minimum number of insured employees in the group | not addressed | ||
| Shareholder managing directors or family employees insurable | not addressed | ||
| Minimum contribution per insured person | yes, up to EUR 300 | „Die Beiträge müssen für jedes Mitglied in den ersten 12 Monaten seiner Mitgliedschaft …“ | § 3 Nr. 4 AVB, page 3 |
| Maximum contribution per insured person | yes | „die zur Aufrechterhaltung der Befreiung der Pensionskasse von der Körperschaftssteuer …“ | § 7 AVB, page 7 |
| Employer notification duties (leaving, salary change, parental leave) | yes | „Alle Änderungen, die das Versicherungsverhältnis betreffen, sind schriftlich oder in …“ | § 2 Nr. 3 AVB, page 3 |
| Consequences of late contributions (reminder, deadline, employee information) | yes | „Wird der Einlösungsbeitrag nicht rechtzeitig gezahlt, so ist die Kasse, solange die …“ | § 3 Nr. 2 AVB, page 3 |
| Annual statement to the employee | yes | „Das Mitglied erhält jährlich eine Anwartschaftsmitteilung“ | § 7 Nr. 4 AVB, page 8 |
| Pledge of the reinsurance policy to the beneficiary provided | not addressed |
Austria and Spain specifics
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Austria: occupational group insurance under section 93 VAG 2016 and Company Pensions Act | not addressed | ||
| Austria: pension fund contract with investment and risk group | not addressed | ||
| Austria: minimum return guarantee | not addressed | ||
| Spain: company pension insurance plan (PPSE) | not addressed | ||
| Spain: simplified occupational pension plan (PPES), also for self employed | not addressed | ||
| Spain: group insurance expressly funding pension commitments | not addressed | ||
| Spain: covered contingencies (retirement, disability, death, dependency) | not addressed | ||
| Spain: early access (ten year old contributions, serious illness, long term unemployment) | not addressed | ||
| Spain: control committee with employee representation | not addressed | ||
| Spain: tax imputation of employer contributions to employees | not addressed |
Evaluated by NAMMERT from published policy wordings.
Despite care, a value may be misread;
legally only the wording of your own contract in the edition stated there applies.
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Policy wordings and provider
- Legal entity
- Hannoversche Pensionskasse VVaG
- Distribution
- not known
- Allgemeine Versicherungsbedingungen Tarif E Edition: März 2025 Original from the insurer (PDF, German)
Full text of the wording
The full text exists only in German. It is printed on the German page for Hannoversche Pensionskasse Tarif E and available as plain text.
Volltext Hannoversche Pensionskasse Tarif E · As text (Markdown) Hannoversche Pensionskasse Tarif E