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Frankfurt ⋅ The insurers would have been able to deliver four years ago in March.

At that time, R+V Versicherung presented their model to the press, with which they wanted to implement the Nahles pension.

The reform of company pensions had come into force just two months earlier, and politicians and the financial sector hoped that the social partners would soon agree on such institutions for old-age provision that, for the first time, were allowed to waive contribution guarantees in order to relieve employers of liability risks and To enable employees to receive higher monthly pensions through more promising capital investments.

Four years have now passed, the inventor of the social partner model has meanwhile returned to the top after a political crash - at the head of the Federal Employment Agency - and the first industry has actually agreed to introduce a Nahles pension.

It comes as no surprise to observers of collective bargaining: Once again it is the chemical industry in which an innovative financial instrument is tried out first.

The IG BCE trade union has always relied on cooperation with employers, has managed without strikes for decades and is also often a pioneer when it comes to collective bargaining issues - with long-term accounts or the establishment of company nursing care insurance for all employees.