Your career has an impact on your life: ideally on your retirement as well through old age saving
You put a lot of effort in your career development and consequently the
continuing success of your company. Therefore it is only fair if your efforts have a sustainable
positive effect through your entire life.
Bayer provides employees with a competitive occupational pension package which in
combination with the other two pillars - social security and individual retirement saving - enables
employees to improve their living standard in old age.
BayerPlus Pension Plan
Bayer provides employees in line with the BayerPlus pension scheme with a basic pension via the
"Rheinische Pensionskasse" and a supplementary pension which are financed by employee and employer
contributions. All employees are eligible for a basic pension. The supplementary pension is
designed for employees with an income above the social security contribution ceiling that means for
the income parts for which no state pension is paid.
One-off payments and retirement saving/deferred compensation
Furthermore, employees are given the opportunity to participate in salary conversion via the Bayer
initiatives "one-off payments and retirement saving" for employees covered under the collective
agreement and "deferred compensation" for senior staff and managers. This enables employees to
build up additional savings for retirement.
Individual Saving
Bayer also provides assistance regarding individual saving such as the provision of favorable
building loans or DEGEF Bayer employee funds. Similarly, employees can acquire Bayer shares or take
out a life assurance or a private pension policy under favorable conditions.