Retirement pension entitlement
The Architects’ Pension Fund (VwdA) finances its members’ payments using a process in which each insured person accumulates their pension entitlements for themselves. The retirement pension is calculated on the basis of each member’s personal pension entitlement or, in other words, the annuitisation of all contributions paid by the member to date. The actual pension entitlement is calculated in accordance with § 30 of our Statutes.
In certain circumstances, the child allowance will continue to be paid in addition to the retirement pension until a member’s children reach the age of 27. The retirement pension is always paid electronically by bank transfer. The payments are always made in good time so that they are credited to members’ accounts by the start of each month. The VwdA also makes pension payments abroad. In such cases, members are liable for any foreign transfer fees.