2009-07-29
As a result of the recent economic crisis and ensuing bankruptcies, the German pension insolvency insurer (PSV) has issued an informational bulletin that warns insolvency premiums for 2009 are likely to be multiple times higher than in recent years.

Based on the information released by the PSV, it expects a premium rate equal to 1.35% of the pension plan's liabilities (calculated based on local German rules). This is about four times the average premium level for the past five years of 0.33% and almost twice the previous record high of 0.69% which was set in 1982.

Read the full report, linked to at right.

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