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The Pensions-Sicherungs-Verein (PSVaG) is a German mutual insurance association based in Cologne. It was founded in 1975 and has established itself as the legally designated provider of insolvency protection for occupational pensions. Its main purpose is to secure occupational pensions for employees and retirees when the company they are or were employed by becomes insolvent.
The main mission of the PSVaG is to secure occupational pensions in the event of the employer's insolvency, thereby safeguarding the financial future of those affected. This is done in accordance with the provisions of the Occupational Pensions Act (BetrAVG). The PSVaG places great importance on responsibility and social security by acting as a self-help organization for the German economy[5].
The PSVaG focuses on long-term financial stability and efficient processes to fulfill its tasks. It works closely with renowned partners such as BNP Paribas Securities Services to ensure the management and security of assets[5]. These partnerships help the PSVaG to implement its mission sustainably and reliably.
The PSVaG has once again extended its collaboration with BNP Paribas Securities Services, indicating the high quality of services and the long-standing successful partnership[5]. This decision underscores the PSVaG's commitment to efficient and high-quality processes.
Overall, the PSVaG is a central player in the field of occupational pensions in Germany and Luxembourg, distinguished by its reliable and sustainable securing of pension benefits.
