Gerke, Wolfgang; Mager, Ferdinand; Reinschmidt, Timo; … - In: Journal of Risk & Insurance 75 (2008) 3, pp. 763-784
The book reserve system is the most widespread method of financing occupational pension plans in Germany. The pension liabilities are mutually insured by the Pensions-Sicherungs-Verein VVaG (PSVaG) against bankruptcy. The PSVaG recently stated that the insurance system needed to be reformed. In...