Severance funds – business
This table shows the assets of collective investment funds which severance funds have established to invest severance pay contributions. The assets are broken down into direct investment, indirect investment and other items.
(The personal pension plans business is not done by the severance funds at the moment)
Severance fund, Severance pay contribution, Person elegible for future payments.
Company Pension Fund Act, Austrian Banking Act, regulation on quarterly funding level reports by severance funds, Individual Income Tax Act.
Census by way of quarterly reports on compliance with the regulatory capital requirements and investment rules pursuant to the Company Pension Fund Act.
Severance funds licensed by the Financial Market Authority that qualify as banks pursuant to Article 1 Austrian Banking Act.