MAN introduces new pension and profit-sharing scheme

Sustainable, contribution-oriented provision for employees

(PresseBox) ( Munich, )
MAN Group employees in Germany are to be provided with a new profitsharing and pension scheme. A pension plan with a profit-sharing element which also encourages pension contributions from employees has been passed, together with the Group Works Council, with retroactive effect from January 1, 2009. "A sustainable pension plan with the possibility of paying in one's own contributions is becoming more and more important for employees as demographics change. This step enables us to highlight responsibility to our workforce, especially in uncertain times like these,"said MAN AG CEO Håkan Samuelsson.

In addition to the basic amount contributed to the pension plan by MAN, employees can opt to pay a portion of their annual profit-sharing bonus into an individual pension account. MAN is encouraging this voluntary contribution among employees who are subject to collective bargaining agreements by offering an additional top-up payment. Jörg Schwitalla, Senior Vice President of Human Resources at MAN AG, explained: "By virtue of this new pension plan, we are directly involving our employees in the company's success, which is after all based largely on their performance and commitment."

Thanks to a transparent account model, the ongoing performance of all contributions made can be reviewed at any time. A sophisticated investment concept for the pension capital ensures optimal performance, while also safeguarding against losses. The new profit-sharing and pension plan is to be introduced in all MAN companies in Germany.
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