Regulatory Alerts2024-09-13
Added · Updated
Pensionskassen Act (PKG; Pensionskassengesetz)
The Austrian Federal Act on the Establishment, Administration and Supervision of Pensionskassen regulates the legal framework for single-employer and multi-employer pension funds operating as joint stock companies. It mandates that these institutions guarantee minimum yields on investments while ensuring asset security, profitability, and liquidity for beneficiaries. The legislation also establishes strict ownership notification requirements and supervisory oversight by the Financial Market Authority to ensure prudent management and protect the interests of pension recipients.