Pooled expertise in company pension programs
Center of excellence for companies
Retirement is a complex issue for employees and employers alike. In addition to numerous legal issues arising from diverse legal areas, business and tax concerns also have to be considered by a number of disciplines. The Reutlingen-based Steinbeis Transfer Center for Profitability Management and Financial Control has set up a center of excellence for retirement to unify its expertise on a range of related issues.
Retirement planning requires teamwork and involves, at a minimum the company, a legal practitioner, a tax consultant, an independent insurance actuary and a pension plan provider. None of these professionals can offer everything. In fact in Germany none of them is allowed to.
Pension plans are always an official mandate to provide assistance as legislators adopt new provisions every year, employees come and go, and businesses evolve. And the impact of these changes on the private retirement sector has to be reviewed constantly because ultimately the liability rests on the shoulders of the employer.
These considerations were the impetus for the experts at the Reutlingen-based Steinbeis Transfer Center for Profitability Management and Financial Control to create their own center of excellence for retirement planning.
The center is broken down into four areas, each with extensive experience in their respective fields. The experts at the center coordinate and exchange information, pooling skills through networking. Whether it is dealing with new retirement plans, an existing, general retirement fund, or individual areas within the retirement sector, the center of excellence offers professional support.
In this way, employers and employees receive legally-approved advice from certified experts. The center is a first point of call and coordinator, saving time and money.