Allianz survey shows occupational pensions are the top employee benefit in Germany, highlighting strong demand for workplace retirement plans
Executive summary: Allianz conducted a survey showing that occupational pension schemes are the most popular additional job benefit among German employees and companies. It reveals strong demand for workplace retirement savings, which can affect employee satisfaction, retention, and employer cost structures, and may inform debates on pension reform.
Who is involved: Allianz (insurer), German employees and employers surveyed.
Likely next: Employers may expand occupational pension offerings; policymakers could consider incentives to broaden coverage; further surveys may track uptake.
The Allianz study indicates that both employees and employers consider occupational pension schemes (betriebliche Altersvorsorge) the most valued additional job benefit, although access to these plans is not uniform. This underscores the importance of supplementary retirement savings in the German labor market and may shape employer benefit strategies as well as policy debates on pension adequacy.
Timeline
- — Altersvorsorge: Allianz: Betriebsrente ist beliebteste Zusatzleistung im Job (Handelsblatt)
Analysis — what this means
Sectors affected
- Insurance
- Human Resources
- Retirement services
- Corporate benefits
Historical parallels
- Similar trends observed in European occupational pension surveys in early 2020s
- Germany's 2018 pension reform increased focus on supplementary plans