Sustainable retirement planning
Deutsche Bank acknowledges its responsibility to assist its employees in their retirement pension planning. The bank’s objective is to fully fund its existing global pension obligations. For Postbank’s pension obligations, full funding was nearly achieved through a contribution of € 1.4 billion in 2013. In Germany, Deutsche Bank offers employees a package of occupational pension plan components to supplement their social security pension benefits upon retirement. These comprise an employer-financed pension, pension benefits from a banking sector pension fund, BVV Versorgungskasse des Bankgewerbes e. V., as well as the option to convert a portion of pay into future pension benefits.
Staff share purchase plan with high participation levels
In 2013, approximately 20,000 staff from 31 countries participated in Deutsche Bank’s Global Share Purchase Plan. 56 % of Deutsche Bank’s employees in Germany took part, along with more than 36 % of the workforce in other countries in which the plan is effective. It gives employees the opportunity to purchase Deutsche Bank shares in monthly installments. At the end of the purchase cycle, Deutsche Bank matches the acquired shares at a one-to-one ratio up to a maximum of ten free shares.