Wohlfahrtsstiftung der Glutz Gruppe

The foundation aims to supplement occupational pension provision for the benefit of the employees of the companies and their dependents and beneficiaries against the economic consequences of old age, death and disability. This purpose is fulfilled in particular by maintaining the current pension plan after the transfer of occupational pension provision to the pension fund of the collective foundation, providing rehabilitation contributions in place of employees and employers in the event of underfunding of the pension fund due to unfavorable development of claims according to the pension plan (longevity) or the coverage capital (return weakness, value fluctuations, inflation), contributions to secure the value of the benefits according to the pension plan of the pension fund, and providing additional benefits to the beneficiaries in the event of old age, disability and death beyond the pension plan of the pension fund. In special situations, it can provide further support, such as in the event of illness, accident, disability or unemployment.