Important for national economy and general public interest
For the existing pension schemes of the liberal professions there is something else to consider. There are a few liberal professions which to be removed is unthinkable because of their importance for the national economy in order to fulfill certain functions in the general public interest, e. g. healthcare or judicature. The state does recognize this...
Based on public law and genuine self-governing
All these pension schemes have the following in common:
- compulsory membership based on public law for all self-employed or salaried working members of the specific profession,
- genuine self-governing by the representatives of the liberal professions,...
Financed by open capitalization
For the professional pension schemes of the liberal professions is characteristic that they are financed not by the method of "pay as you go" as it is used by the Social Insurance Pension Scheme. The pension Schemes of the liberal professions, however, are financed by a method that ist called open capitalization.
1923: the first pension scheme in Bavaria
The first pension schemes were founded when after World war I and the following inflation all reserves, deposits and fortunes melted like the snow in the sun and many pensioners and widows had literally nothing anymore after 1923. At that time it was the medical association in Bavaria...
Altogether the professional pension schemes of the liberal professional had in 2009 797.124 members with pension rights and paid pensions for about 143.162 persons. The average old-age-pension in 2009 was 1.944,10 € per month...
The pension schemes are no privilege
Finally, the fact remains that: the classically "verkammert" professions, together with their provision schemes have created an old-age pension scheme tailor-made to their requirements. They had to do this as the State blocked their way to the State pension scheme in 1957.