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Factsheet: Occupational pensions at Bosch in Germany

History and current pension scheme

History

  • 1929 Robert Bosch creates the “Unterstützungskasse” Bosch-Hilfe e. V.” provident fund to offer pensions to his associates

  • 1999 Bosch merges more than 70 different occupational pension schemes for 80,000 associates to form the “Kapital Vorsorge Plan” (capital benefit plan)

  • 2002 Bosch is the first manufacturing company in Germany to establish a “Pensionsfonds” (pension fund)

  • 2006 Bosch combines the “Bosch Pensionsfonds” and “Kapital Vorsorge Plan” to form the “Bosch Vorsorge Plan” (pension scheme)

Bosch Vorsorge Plan

Through one of the most innovative pension schemes in Germany – the “Bosch Vorsorge Plan” − Bosch provides its associates with attractive retirement benefits as well as death and disability benefits. For each associate, Bosch funds a pension account with employer contributions, bearing all the related costs. Associates can add to their pension account by making voluntary contributions. The account balance increases in line with the investment performance of the “Bosch Pensionsfonds.” On retirement, associates can choose from a number of flexible options for collecting their company pension.

Bosch Pensionsfonds*

  • Active associates with pension account 120,000

  • Retirees 40,000

  • Assets 3.3 billion euros

  • Investment return since inception 6.1% p.a.

*as of December 2016

About Bosch

The Bosch Group is a leading global supplier of technology and services. It employs roughly 410,000 associates worldwide (as of December 31, 2018). The company generated sales of 78.5 billion euros in 2018. Its operations are divided into four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. As a leading IoT company, Bosch offers innovative solutions for smart homes, smart cities, connected mobility, and connected manufacturing. It uses its expertise in sensor technology, software, and services, as well as its own IoT cloud, to offer its customers connected, cross-domain solutions from a single source. The Bosch Group’s strategic objective is to deliver innovations for a connected life. Bosch improves quality of life worldwide with products and services that are innovative and spark enthusiasm. In short, Bosch creates technology that is “Invented for life.” The Bosch Group comprises Robert Bosch GmbH and its roughly 460 subsidiary and regional companies in over 60 countries. Including sales and service partners, Bosch’s global manufacturing, engineering, and sales network covers nearly every country in the world. The basis for the company’s future growth is its innovative strength. At nearly 130 locations across the globe, Bosch employs some 68,700 associates in research and development.

The company was set up in Stuttgart in 1886 by Robert Bosch (1861-1942) as “Workshop for Precision Mechanics and Electrical Engineering.” The special ownership structure of Robert Bosch GmbH guarantees the entrepreneurial freedom of the Bosch Group, making it possible for the company to plan over the long term and to undertake significant upfront investments in the safeguarding of its future. Ninety-two percent of the share capital of Robert Bosch GmbH is held by Robert Bosch Stiftung GmbH, a charitable foundation. The majority of voting rights are held by Robert Bosch Industrietreuhand KG, an industrial trust. The entrepreneurial ownership functions are carried out by the trust. The remaining shares are held by the Bosch family and by Robert Bosch GmbH.

Additional information is available online at www.bosch.com, www.iot.bosch.com, www.bosch-press.com, www.twitter.com/BoschPresse.

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