Factsheet #Working at Bosch

Factsheet: Occupational pensions at Bosch in Germany

History and current pension scheme

Trix Boehne

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  • 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 400,000 associates worldwide (as of December 31, 2019). The company generated sales of 77.7 billion euros in 2019. Its operations are divided into four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. As a leading IoT provider, Bosch offers innovative solutions for smart homes, Industry 4.0, and connected mobility. Bosch is pursuing a vision of mobility that is sustainable, safe, and exciting. 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 facilitate connected living with products and solutions that either contain artificial intelligence (AI) or have been developed or manufactured with its help. 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 440 subsidiary and regional companies in 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. Bosch employs some 72,600 associates in research and development at 126 locations across the globe, as well as roughly 30,000 software engineers.

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.

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