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Factsheet #Working at Bosch
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The Bosch company retirement scheme in Germany

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History & todays retirement scheme

Kristina Mueller-Poschmann

Kristina Mueller-Poschmann

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Kristina Mueller-Poschmann

Kristina Mueller-Poschmann
Spokesperson personnel and social topics

  • 1929: Robert Bosch founds the Bosch-Hilfe e.V. to protect his associates and their families against existential risks such as disability and premature death against the background of low general life expectancy
  • 1999: Bosch merges more than 70 company pension plans into the Kapital Vorsorge Plan
  • 2002: Bosch is the first German industrial company to set up its own pension fund and initially uses it to convert associates' salaries
  • 2006: Bosch and the workers‘ council agree to transfer the Kapital Vorsorge Plans into the Bosch Vorsorge Plan with the Bosch Pensionsfonds as the central financing instrument
  • 2016: Bosch introduces the Fondsrente, with which associates continue to participate in the performance of the Bosch Pensionsfonds during the retirement payout phase

Bosch Vorsorge Plan

With the Bosch Vorsorge Plan, Bosch offers its associates an attractive retirement benefit based on one of the most modern retirement schemes in Germany. In addition, associates and their families are already covered during their working life in the event of disability or death.

Bosch builds up assets with company contributions for the associates and bears the costs for this. Associates can further increase this pension assets through their own contributions. All contributions are based on the investment result of the Bosch Pensionsfonds. The contributions themselves are guaranteed by the company as a minimum benefit. In retirement, the credit is available as an additional income with flexible payout options.

  • 10.2 billion euros of assets in the Bosch Vorsorge Plan
  • 143,000 active associates with retirement assets in the Bosch Vorsorge Plan
  • 38,000 former associates with vested entitlements (including commitments before introducing Bosch Vorsorge Plan)
  • 61,000 beneficiaries, including 16,000 surviving dependents (including commitments before introducing Bosch Vorsorge Plan)
  • 3,500 recipients of disability payments
  • Average annual return since foundation:
    • around 6% in the investment segment up to age 55
    • just under 4% in the investment segment over age 55

Contact Bosch Pension Service:

Phone: +49 611 17230
E-Mail: BORS@Bosch-Rentenservice.de
Bosch Vorsorge Plan: www.boschvorsorgeplan.de

Contact person only for press inquiries:

Kristina Müller-Poschmann
Phone: +49 711 811-52988
E-Mail: Kristina.Mueller-Poschmann@de.bosch.com

Press kit

About Bosch

The Bosch Group is a leading global supplier of technology and services. It employs roughly 429,000 associates worldwide (as of December 31, 2023). The company generated sales of 91.6 billion euros in 2023. Its operations are divided into four business sectors: Mobility, Industrial Technology, Consumer Goods, and Energy and Building Technology. With its business activities, the company aims to use technology to help shape universal trends such as automation, electrification, digitalization, connectivity, and an orientation to sustainability. In this context, Bosch’s broad diversification across regions and industries strengthens its innovativeness and robustness. Bosch uses its proven expertise in sensor technology, software, and services to offer customers cross-domain solutions from a single source. It also applies its expertise in connectivity and artificial intelligence in order to develop and manufacture user-friendly, sustainable products. With technology that is “Invented for life,” Bosch wants to help improve quality of life and conserve natural resources. The Bosch Group comprises Robert Bosch GmbH and its roughly 470 subsidiary and regional companies in over 60 countries. Including sales and service partners, Bosch’s global manufacturing, engineering, and sales network covers nearly every country in the world. Bosch’s innovative strength is key to the company’s further development. At 136 locations across the globe, Bosch employs some 90,000 associates in research and development, of which nearly 48,000 are software engineers.

The company was set up in Stuttgart in 1886 by Robert Bosch (1861–1942) as “Workshop for Precision Mechanics and Electrical Engineering.” The special ownership structure of Robert Bosch GmbH guarantees the entrepreneurial freedom of the Bosch Group, making it possible for the company to plan over the long term and to undertake significant upfront investments in the safeguarding of its future. Ninety-four percent of the share capital of Robert Bosch GmbH is held by Robert Bosch Stiftung GmbH, a charitable foundation. The remaining shares are held by Robert Bosch GmbH and by a corporation owned by the Bosch family. The majority of voting rights are held by Robert Bosch Industrietreuhand KG. It is entrusted with the task of safeguarding the company’s long-term existence and in particular its financial independence – in line with the mission handed down in the will of the company’s founder, Robert Bosch.

Additional information is available online at www.bosch.com, www.iot.bosch.com, www.bosch-press.com.

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