Metallrente
Metallrente is the leading pension fund for the metal and electrical industry, providing comprehensive solutions for occupational retirement provision, workforce protection, and long-term care provision. With a strong focus on SECURITY, SUSTAINABILITY, and individual needs, it supports over 50,000 companies.
MetallRente: The leading pension fund for the metal and electrical industry
editAbout MetallRente
editMetallRente is a joint pension fund of the industrial union Metall (IG Metall) and the employers' association Gesamtmetall, founded in 2001. It serves to provide collective agreement-compliant products for occupational retirement provision and other benefits for employees in the metal and electrical industry as well as related sectors such as wood, plastics, textiles, clothing, IT, and steel.
Key Products and Services
editMetallRente offers a comprehensive product portfolio tailored to the specific needs of the mentioned industries. The main services include:
- Occupational Retirement Provision: As a supplement to the statutory pension, including direct insurance and pension funds.
- Riester Pension: A Riester pension tailored to the related industries for private retirement provision.
- Disability Insurance: Private occupational disability insurance, reduced earning capacity pension, and basic ability insurance.
- Long-Term Care Insurance: Long-term care pension insurance that pays a monthly pension for life starting from care level 2.
- Survivor Benefits: Additional components to secure the survivors[1][2][4].
Main Mission and Values
editThe main mission of MetallRente is to offer comprehensive and secure retirement solutions to employees and companies in the mentioned industries to close gaps in provision in old age, disability, and survivor protection. MetallRente is committed to the values of security, stability, and sustainability by distributing risks among several strong insurance companies such as Allianz, ERGO, R+V Versicherung, Swiss Life, and Versicherungskammer Bayern[1][2][4].
Sustainability Goals and Initiatives
editMetallRente places great importance on sustainable investments and the consideration of environmental, social, and governance standards. The company is a member of various initiatives such as the UN Principles for Responsible Investment (UN-PRI), the Carbon Disclosure Project (CDP), and the German Federal Working Group for Environmentally Conscious Management (B.A.U.M.). These initiatives underscore MetallRente's commitment to responsible and sustainable capital investment[2][4].
Structure and Committees
editMetallRente is operated as a GmbH, with IG Metall and Gesamtmetall as equally participating shareholders. The company is managed by the shareholders' meeting and the management, supported by committees such as the advisory board and the investment committee. This structure ensures continuous coordination and monitoring of the offerings and investments[2][4].
MetallRente has developed into a reference model for occupational retirement provision within a few years and is now the largest industry pension fund in Germany, with about 1 million contracts and over 50,000 affiliated companies[2][4].