{"id":8198,"date":"2016-06-08T10:52:47","date_gmt":"2016-06-08T08:52:47","guid":{"rendered":"https:\/\/www.fma.gv.at\/en\/?page_id=8198"},"modified":"2025-11-11T12:15:43","modified_gmt":"2025-11-11T11:15:43","slug":"occupational-group-insurance","status":"publish","type":"page","link":"https:\/\/www.fma.gv.at\/en\/insurance\/information-about-individual-insurance-classes\/occupational-group-insurance\/","title":{"rendered":"Occupational Group Insurance"},"content":{"rendered":"<?xml encoding=\"utf-8\" ?><p>Occupational group insurance is a form of old-age provision in Austria. The basics relating to the framework of occupational group insurance and how it works are described here.<\/p><p><strong>Here you can find information about:<\/strong><\/p><p>\n<div class=\"card\">  <div class=\"card-header\" id=\"heading-6a38455b898c4\">    <h2 class=\"mb-0\">      <button class=\"btn btn-link btn-block text-left p-0 d-flex align-items-center justify-content-between\" type=\"button\" data-toggle=\"collapse\" data-target=\"#collapse-heading-6a38455b898c4\" aria-expanded=\"false\" aria-controls=\"collapse-heading-6a38455b898c4\">        <span>Occupational group insurance within the Austrian system of old-age provision<\/span>        <i class=\"fa-solid fa-chevron-down text-primary\" aria-hidden=\"true\"><\/i>      <\/button>    <\/h2>  <\/div>  <div id=\"collapse-heading-6a38455b898c4\" class=\"collapse\" aria-labelledby=\"heading-6a38455b898c4\">    <div class=\"card-body\"><p><\/p><p>The Austrian pensions system consists of three pillars:<\/p><ol>\n<li>state provisions<\/li>\n<li>company old-age provisions and<\/li>\n<li>private old-age pensions<\/li>\n<\/ol><p>Occupational group insurance is a form of <span style=\"text-decoration: underline;\">company old-age provision<\/span>.<\/p><p>An insurance contract for occupational group insurance may be concluded by an employer for employees on the basis of a works agreement, a collective labour agreement or an individual agreement between the employer and the employees.<\/p><p>The benefits of such insurance contracts prescribe a <strong>life-long old-age pension<\/strong> and a <strong>survivor&rsquo;s pension<\/strong> (<abbr title=\"id est (that is)\">i.e.<\/abbr>  widow&rsquo;s or widower&rsquo;s pensions as well as orphan&rsquo;s pensions), whereby the survivor&rsquo;s pension may also be of a temporary nature. In addition an <strong>invalidity pension &nbsp;<\/strong>may also be granted.<\/p><p>    <\/div>  <\/div><\/div><p>\n<div class=\"card\">  <div class=\"card-header\" id=\"heading-6a38455b89952\">    <h2 class=\"mb-0\">      <button class=\"btn btn-link btn-block text-left p-0 d-flex align-items-center justify-content-between\" type=\"button\" data-toggle=\"collapse\" data-target=\"#collapse-heading-6a38455b89952\" aria-expanded=\"false\" aria-controls=\"collapse-heading-6a38455b89952\">        <span>Framework for occupation collective insurance<\/span>        <i class=\"fa-solid fa-chevron-down text-primary\" aria-hidden=\"true\"><\/i>      <\/button>    <\/h2>  <\/div>  <div id=\"collapse-heading-6a38455b89952\" class=\"collapse\" aria-labelledby=\"heading-6a38455b89952\">    <div class=\"card-body\"><p><\/p><p>Since 23 September 2005, insurance undertakings have been allowed to offer occupational collective insurance pursuant to Articles 93 to 98 of the Insurance Supervision Act 2016 (<a href=\"https:\/\/www.fma.gv.at\/download.php?d=825\">VAG 2016<\/a>, Versicherungsaufsichtsgesetz 2016), which is a form of collective pension insurance. The tax law framework is aligned to that of the Pensionskassen (pensions companies).<\/p><p>Operational group insurance may only be operated in the form of a classical life insurance, with the acquisition costs being distributed equally across the whole duration of premiums being paid. An interest rate of up to 0,50% pursuant to the Regulation on the Maximum Interest Rate (<a href=\"https:\/\/www.fma.gv.at\/download.php?d=2800\">VU-HZV <\/a>&ndash; H&ouml;chstzinssatzverordnung) is used for this calculation. In addition the policyholder also receives a participation in profits, the amount of which is not guaranteed and in the first instance is dependent on the returns generated by investments of the respective insurance undertaking. Since the insurance undertakings guarantee the pension amount, the mortality tables applied for the calculation of pensions are already guaranteed at the time the contract is included.<\/p><p>    <\/div>  <\/div><\/div><p>\n<div class=\"card\">  <div class=\"card-header\" id=\"heading-6a38455b89964\">    <h2 class=\"mb-0\">      <button class=\"btn btn-link btn-block text-left p-0 d-flex align-items-center justify-content-between\" type=\"button\" data-toggle=\"collapse\" data-target=\"#collapse-heading-6a38455b89964\" aria-expanded=\"false\" aria-controls=\"collapse-heading-6a38455b89964\">        <span>Disposal options for employees<\/span>        <i class=\"fa-solid fa-chevron-down text-primary\" aria-hidden=\"true\"><\/i>      <\/button>    <\/h2>  <\/div>  <div id=\"collapse-heading-6a38455b89964\" class=\"collapse\" aria-labelledby=\"heading-6a38455b89964\">    <div class=\"card-body\"><p><\/p><p>In the event of involuntary termination of employment, the employer may dispose of accrued entitlements immediately (immediately vested amount), for example by continuing to leave the paid-up amount in the occupational collective insurance of their former employer or to transfer the amount of these entitlements (vested amount) in a Pensionskasse (pensions company) or the occupational group insurance of their new employer.<\/p><p>    <\/div>  <\/div><\/div><p>\n<div class=\"card\">  <div class=\"card-header\" id=\"heading-6a38455b89977\">    <h2 class=\"mb-0\">      <button class=\"btn btn-link btn-block text-left p-0 d-flex align-items-center justify-content-between\" type=\"button\" data-toggle=\"collapse\" data-target=\"#collapse-heading-6a38455b89977\" aria-expanded=\"false\" aria-controls=\"collapse-heading-6a38455b89977\">        <span>Information for beneficiaries (entitled) and beneficiaries (recipients)<\/span>        <i class=\"fa-solid fa-chevron-down text-primary\" aria-hidden=\"true\"><\/i>      <\/button>    <\/h2>  <\/div>  <div id=\"collapse-heading-6a38455b89977\" class=\"collapse\" aria-labelledby=\"heading-6a38455b89977\">    <div class=\"card-body\"><p><\/p><p>The <abbr title=\"Financial Market Authority\">FMA<\/abbr>  feels it important that beneficiaries (both those entitled and recipients) are informed regularly and comprehensively in a transparent manner. The minimum requirements for information to be sent to beneficiaries (entitled) and beneficiaries (recipients) are set out in the Information Requirements Regulation for Occupational Group Insurance (<a href=\"https:\/\/www.fma.gv.at\/wp-content\/uploads\/2019\/04\/Information-Requirements-Regulation-for-Occupational-Group-Insurance-BKV-InfoV-1.pdf\">BKV-InfoV <\/a>&ndash; Betriebliche Kollektivversicherung Informationspflichtenverordnung). In addition the <a href=\"https:\/\/www.fma.gv.at\/download.php?d=5298\"><abbr title=\"Financial Market Authority\">FMA<\/abbr> &nbsp;Minimum Standards <\/a>&nbsp;(in German only) published in August 2021 also contain the information to be provided to beneficiaries upon their inclusion in occupational group insurance as well as information to be provided if they leave the company prior to the occurrence of a benefit Event.<\/p><p>    <\/div>  <\/div><\/div><p>\n<\/p><h2>Further information<\/h2><p>\n<div id=\"reference-6a38455b899ae\" class=\"reference\"><h2 class=\"reference-heading\"><span class=\"fa-solid fa-scale-balanced fa-fw\" aria-hidden=\"true\"><\/span>Law<\/h2><p><\/p><p>Insurance Supervision Act 2016 (<a href=\"https:\/\/www.fma.gv.at\/download.php?d=825\">VAG 2016<\/a>, Versicherungsaufsichtsgesetz 2016)<\/p><p>Maximum Interest Rate Regulation for Insurance Undertakings (<a href=\"https:\/\/www.fma.gv.at\/download.php?d=2800\">VU-HZV<\/a>, H&ouml;chstzinssatzverordnung)<\/p><p>Information Requirements Regulation for Occupational Group Insurance (<a href=\"https:\/\/www.fma.gv.at\/download.php?d=1968\">BKV-InfoV<\/a>, Betriebliche Kollektivversicherung Informationspflichtenverordnung).<\/p><p><\/div><p>\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Occupational group insurance is a form of old-age provision in Austria. The basics relating to the framework of occupational group &#8230;<\/p>\n","protected":false},"author":60,"featured_media":0,"parent":8191,"menu_order":6,"comment_status":"closed","ping_status":"closed","template":"","meta":{"inline_featured_image":false,"footnotes":""},"class_list":["post-8198","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Occupational Group Insurance - FMA \u00d6sterreich<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fma.gv.at\/en\/insurance\/information-about-individual-insurance-classes\/occupational-group-insurance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Occupational Group Insurance - FMA \u00d6sterreich\" \/>\n<meta property=\"og:description\" content=\"Occupational group insurance is a form of old-age provision in Austria. The basics relating to the framework of occupational group ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.fma.gv.at\/en\/insurance\/information-about-individual-insurance-classes\/occupational-group-insurance\/\" \/>\n<meta property=\"og:site_name\" content=\"FMA \u00d6sterreich\" \/>\n<meta property=\"article:modified_time\" content=\"2025-11-11T11:15:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.fma.gv.at\/wp-content\/uploads\/2017\/05\/FMA_FB_Logo.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"925\" \/>\n\t<meta property=\"og:image:height\" content=\"524\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@FMA_AT\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/insurance\\\/information-about-individual-insurance-classes\\\/occupational-group-insurance\\\/\",\"url\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/insurance\\\/information-about-individual-insurance-classes\\\/occupational-group-insurance\\\/\",\"name\":\"Occupational Group Insurance - FMA \u00d6sterreich\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/#website\"},\"datePublished\":\"2016-06-08T08:52:47+00:00\",\"dateModified\":\"2025-11-11T11:15:43+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/insurance\\\/information-about-individual-insurance-classes\\\/occupational-group-insurance\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/insurance\\\/information-about-individual-insurance-classes\\\/occupational-group-insurance\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/insurance\\\/information-about-individual-insurance-classes\\\/occupational-group-insurance\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Insurance\",\"item\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/insurance\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Information about individual insurance classes\",\"item\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/insurance\\\/information-about-individual-insurance-classes\\\/\"},{\"@type\":\"ListItem\",\"position\":4,\"name\":\"Occupational Group Insurance\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/\",\"name\":\"FMA \u00d6sterreich\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/#organization\",\"name\":\"FMA - Finanzmarktaufsicht\",\"url\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.fma.gv.at\\\/wp-content\\\/uploads\\\/2017\\\/05\\\/FMA_Logo_Twitter_400x400.png\",\"contentUrl\":\"https:\\\/\\\/www.fma.gv.at\\\/wp-content\\\/uploads\\\/2017\\\/05\\\/FMA_Logo_Twitter_400x400.png\",\"width\":400,\"height\":400,\"caption\":\"FMA - Finanzmarktaufsicht\"},\"image\":{\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/x.com\\\/FMA_AT\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Occupational Group Insurance - FMA \u00d6sterreich","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.fma.gv.at\/en\/insurance\/information-about-individual-insurance-classes\/occupational-group-insurance\/","og_locale":"en_US","og_type":"article","og_title":"Occupational Group Insurance - FMA \u00d6sterreich","og_description":"Occupational group insurance is a form of old-age provision in Austria. The basics relating to the framework of occupational group ...","og_url":"https:\/\/www.fma.gv.at\/en\/insurance\/information-about-individual-insurance-classes\/occupational-group-insurance\/","og_site_name":"FMA \u00d6sterreich","article_modified_time":"2025-11-11T11:15:43+00:00","og_image":[{"width":925,"height":524,"url":"https:\/\/www.fma.gv.at\/wp-content\/uploads\/2017\/05\/FMA_FB_Logo.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_site":"@FMA_AT","twitter_misc":{"Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.fma.gv.at\/en\/insurance\/information-about-individual-insurance-classes\/occupational-group-insurance\/","url":"https:\/\/www.fma.gv.at\/en\/insurance\/information-about-individual-insurance-classes\/occupational-group-insurance\/","name":"Occupational Group Insurance - FMA \u00d6sterreich","isPartOf":{"@id":"https:\/\/www.fma.gv.at\/en\/#website"},"datePublished":"2016-06-08T08:52:47+00:00","dateModified":"2025-11-11T11:15:43+00:00","breadcrumb":{"@id":"https:\/\/www.fma.gv.at\/en\/insurance\/information-about-individual-insurance-classes\/occupational-group-insurance\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.fma.gv.at\/en\/insurance\/information-about-individual-insurance-classes\/occupational-group-insurance\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.fma.gv.at\/en\/insurance\/information-about-individual-insurance-classes\/occupational-group-insurance\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.fma.gv.at\/en\/"},{"@type":"ListItem","position":2,"name":"Insurance","item":"https:\/\/www.fma.gv.at\/en\/insurance\/"},{"@type":"ListItem","position":3,"name":"Information about individual insurance classes","item":"https:\/\/www.fma.gv.at\/en\/insurance\/information-about-individual-insurance-classes\/"},{"@type":"ListItem","position":4,"name":"Occupational Group Insurance"}]},{"@type":"WebSite","@id":"https:\/\/www.fma.gv.at\/en\/#website","url":"https:\/\/www.fma.gv.at\/en\/","name":"FMA \u00d6sterreich","description":"","publisher":{"@id":"https:\/\/www.fma.gv.at\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.fma.gv.at\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.fma.gv.at\/en\/#organization","name":"FMA - Finanzmarktaufsicht","url":"https:\/\/www.fma.gv.at\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.fma.gv.at\/en\/#\/schema\/logo\/image\/","url":"https:\/\/www.fma.gv.at\/wp-content\/uploads\/2017\/05\/FMA_Logo_Twitter_400x400.png","contentUrl":"https:\/\/www.fma.gv.at\/wp-content\/uploads\/2017\/05\/FMA_Logo_Twitter_400x400.png","width":400,"height":400,"caption":"FMA - Finanzmarktaufsicht"},"image":{"@id":"https:\/\/www.fma.gv.at\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/x.com\/FMA_AT"]}]}},"toolset-meta":[],"publishpress_future_action":{"enabled":false,"date":"2026-06-28 22:11:07","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"translation_priority","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.fma.gv.at\/en\/wp-json\/wp\/v2\/pages\/8198","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fma.gv.at\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.fma.gv.at\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.fma.gv.at\/en\/wp-json\/wp\/v2\/users\/60"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fma.gv.at\/en\/wp-json\/wp\/v2\/comments?post=8198"}],"version-history":[{"count":19,"href":"https:\/\/www.fma.gv.at\/en\/wp-json\/wp\/v2\/pages\/8198\/revisions"}],"predecessor-version":[{"id":20359325,"href":"https:\/\/www.fma.gv.at\/en\/wp-json\/wp\/v2\/pages\/8198\/revisions\/20359325"}],"up":[{"embeddable":true,"href":"https:\/\/www.fma.gv.at\/en\/wp-json\/wp\/v2\/pages\/8191"}],"wp:attachment":[{"href":"https:\/\/www.fma.gv.at\/en\/wp-json\/wp\/v2\/media?parent=8198"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}