Hamburger Pensionskasse von 1905

The Hamburger Pensionskasse von 1905 VVaG (HPK) is a German inter-company pension fund (Firmenpensionskasse) headquartered in Hamburg. It was founded on 20 June 1905 on the initiative of the German consumer cooperative movement and its leading figure Heinrich Kaufmann, when the cooperative congress in Stuttgart established the Unterstützungskasse des Zentralverbandes deutscher Konsumvereine. Its purpose was to give employees of consumer cooperatives and affiliated businesses an affordable supplementary old-age provision. Today the HPK describes itself as one of the largest company pension funds in Germany and, by number of members, the largest mutual company pension fund in the country. The HPK is a Versicherungsverein auf Gegenseitigkeit (mutual insurance association) within the meaning of § 233 VAG. It is owned exclusively by its member companies; there are no anonymous owners or shareholders. It operates as a social-profit enterprise: it does not pursue its own profit, pays no commissions and spends nothing on advertising or sales, and all surpluses benefit the members and the employees and pensioners covered. With more than 800,000 members from around 4,000 member companies, it provides benefits in the context of occupational old-age provision, including early retirement and old-age pensions, reduced earning capacity, and family protection. Its disability protection product is marketed as Berufsschutz Plus, and it also offers a Riester subsidy route via employers (Familienzuschuss). The HPK is traditionally at home in the retail, food and beverage (Ernährung und Genuss) sectors. Its largest member companies include Rewe, Aldi Nord, Coca-Cola Erfrischungsgetränke, Globus, Deichmann, DMK, Ferrero, METRO, Media-Saturn and Rossmann. Together with its administration company, Hamburger Pensionsverwaltung eG (HAPEV), it offers member companies services for all implementation routes of occupational pensions (Pensionskasse, Pensionsfonds, Unterstützungskasse, Direktzusage). HPK and HAPEV are both social-profit enterprises whose surpluses accrue solely to the beneficiaries. The HPK's history is closely tied to the German retail and consumer cooperative movement. After decades marked by two world wars, inflation and currency reforms, it adopted its current name on 8 October 1992. In 1993 it initiated the Hamburger Pensionsrückdeckungskasse VVaG (HPR), and in 1995 it outsourced its entire administration to HAPEV. From the late 1990s onward, many additional retail companies joined, and collective bargaining agreements in wholesale (2000) and retail (2001) designated the HPK as a provider. The Riester reform of 2002 brought almost the entire food industry into the fund. The HPK remains the largest mutual company pension fund in Germany by members.

The origins of the Hamburger Pensionskasse von 1905 go back to an initiative of the German consumer cooperative movement and its leading figure, Heinrich Kaufmann. On 20 June 1905, the cooperative congress (Genossenschaftstag) in Stuttgart founded the Unterstützungskasse des Zentralverbandes deutscher Konsumvereine, seated in Hamburg. It enabled all employees of consumer cooperatives and their affiliated companies to obtain an affordable supplementary old-age provision. In the following decades, marked by two world wars, inflation and currency reforms, the pension fund proved itself as a partner for occupational old-age provision for its member companies, especially in the retail sector. On 8 October 1992, the representatives' assembly (Vertreterversammlung) resolved the new name Hamburger Pensionskasse von 1905 VVaG. On the initiative of the HPK, the Hamburger Pensionsrückdeckungskasse VVaG (HPR) was founded on 1 March 1993. The existing portfolio of reinsurance policies was transferred to this new fund. Together, both funds offered their member companies a combination model of a Pensionskasse commitment and reinsurance of Direkt- and Unterstützungskasse commitments (the Duales System). Among the largest member companies of the HPR were ZF, the DGB-Unterstützungskasse and the company health insurance funds (Betriebskrankenkassen). On 1 October 1995, HPK and HPR outsourced their entire administration to HAPEV. On 1 July 1997, HAPEV took over the administration of the Phoenix Pensionskasse. In the 1990s, many further retail companies joined the HPK (and partly the HPR), including Marktkauf, REWE, Metro and Tengelmann. On 1 September 2000, the collective bargaining parties in wholesale agreed the first collective agreements on old-age provision that designated the HPK as the provider. On 1 July 2001, a collective agreement on old-age provision was also agreed in retail; 22 of the 30 largest German retail companies used the HPK to implement the agreement. On 1 January 2002, the Altersvermögensgesetz (Old Age Assets Act) came into force, regulating the possibility of private provision through the Riester pension and at the same time improving financing via pension funds. Almost the entire food industry, for which the Pensionskasse Ernährung und Genuss was established, joined the HPK. Further large retail companies such as ALDI-Nord, Globus, EDEKA and Rossmann also joined. On 1 July 2004, HAPEV took over the administration of another pension fund, the Pensions-, Witwen- und Waisenkasse der v. Bodelschwinghschen Anstalten Bethel VVaG. The supervisory law was amended on 1 August 2005. From then on, a distinction was made between sales-oriented pension funds founded by banks and insurers and company pension funds (Firmenpensionskassen). The latter are characterized by their orientation toward affiliated member companies and the renunciation of advertising and sales expenses. All pension funds administered by HAPEV were recognized by the supervisory authority as company pension funds. The HPK remains to this day the largest mutual company pension fund in Germany by members. On 1 January 2008, it was entrusted with the administration of the Versorgungskasse Fritz Henkel VVaG, which was merged into the HPK in 2015. On 1 May 2011, HAPEV took over from the Swiss Re group the administration of the Pensionskasse der Mitarbeiter der ehemaligen Frankona Rückversicherungs-AG VVaG. Since January 2014, HAPEV has administered the Schenker Pensionskasse belonging to Deutsche Bahn; since January 2016, the Pensionskasse für Angestellte der Continental Aktiengesellschaft VVaG; and since January 2017, the MER-Pensionskasse for TUI and DER. In 2016, HAPEV, with 155 employees, administered old-age provision for seven pension funds, 15 support funds and numerous direct commitments covering around one million people from over 2,000 member companies.

• 2017

  From January, HAPEV administers the MER-Pensionskasse for TUI and DER.

• 2016

  From January, HAPEV administers the Pensionskasse für Angestellte der Continental Aktiengesellschaft VVaG; with 155 employees it administers seven pension funds, 15 support funds and numerous direct commitments covering around one million people.

• 2015

  The Versorgungskasse Fritz Henkel VVaG is merged into the HPK.

• 2014

  From January, HAPEV administers the Schenker Pensionskasse belonging to Deutsche Bahn.

• 2011

  On 1 May, HAPEV takes over from Swiss Re the administration of the Pensionskasse der Mitarbeiter der ehemaligen Frankona Rückversicherungs-AG VVaG.

• 2008

  On 1 January, the HPK is entrusted with the administration of the Versorgungskasse Fritz Henkel VVaG.

• 2005

  On 1 August, supervisory law is amended, distinguishing company pension funds from sales-oriented pension funds; all HAPEV-administered funds are recognized as company pension funds.

• 2004

  On 1 July, HAPEV takes over the administration of the Pensions-, Witwen- und Waisenkasse der v. Bodelschwinghschen Anstalten Bethel VVaG.

• 2002

  On 1 January, the Altersvermögensgesetz (Riester reform) comes into force; almost the entire food industry joins the HPK.

• 2001

  On 1 July, a collective agreement on old-age provision is agreed in retail; 22 of the 30 largest German retail companies use the HPK.

• 2000

  On 1 September, the first collective agreements on old-age provision in wholesale designate the HPK as provider.

• 1997

  On 1 July, HAPEV takes over the administration of the Phoenix Pensionskasse.

• 1995

  On 1 October, HPK and HPR outsource their entire administration to HAPEV.

• 1993

  On 1 March, the Hamburger Pensionsrückdeckungskasse VVaG (HPR) is founded on the initiative of the HPK.

• 1992

  On 8 October, the representatives' assembly resolves the new name Hamburger Pensionskasse von 1905 VVaG.

• 1905

  On 20 June, the cooperative congress in Stuttgart founds the Unterstützungskasse des Zentralverbandes deutscher Konsumvereine in Hamburg.

Social-profit, mutual company pension fund focused on lean processes, low administrative costs and above-average performance with high security; no commissions, no advertising, no anonymous owners.

• Occupational old-age pension (betriebliche Altersvorsorge)

  Pension benefits in the context of occupational old-age provision for employees of member companies.

• Berufsschutz Plus

  Disability protection offered by the Hamburger Pensionskasse.

• Familienzuschuss

  Riester subsidy via the employer, in addition to occupational old-age provision.

• Duales System

  Combination model of a Pensionskasse commitment and reinsurance of Direkt- and Unterstützungskasse commitments, offered jointly by HPK and HPR.

1. 1Home | Hamburger Pensionskassehhpk.de
2. 2Über uns | Hamburger Pensionskassehhpk.de
3. 3Hamburger Pensionskasse von 1905 – Wikipediade.wikipedia.org
4. 4Hamburger Pensionskasse von 1905 – Wikidatawikidata.org