24. Regulation of the Financial Markets Authority (FMA) on the maximum percentage of the accounts and the accounting surplus (Financial Regulation of the Financial Markets Authority-RPV)
On the basis of § 20 (2a) of the Pensionskassengesetz (PKG), BGBl. No. 281/1990, as last amended by the Federal Law BGBl. I No 58/2010, shall be ordered:
§ 1. This Regulation shall apply to pension fund contracts, which shall be re-concluded after 30 June 2011. Pension fund contracts, which are concluded in the course of a termination pursuant to § 17 PKG or a transfer pursuant to § 41 PKG, are not considered to be newly concluded within the meaning of this provision.
§ 2. (1) The maximum percentage of the invoice amount shall be 3%.
(2) Where calculation methods are used in the determination of the cover provision, in which the invoice rate and the increases in pensions and pensions are used separately, the combined application of the two percentages may be used to: the maximum permissible accounting rate referred to in paragraph 1.
§ 3. (1) The maximum allowable percentage for the accounting surplus shall be 5%.
(2) The invoice surplus shall exceed the invoice rate by at least one percentage point.
entry into force
§ 4. (1) This Regulation shall enter into force on 1 July 2011.
(2) With the expiry of 30 June 2011, the Regulation of the Financial Market Supervisory Authority (FMA) shall enter into force on the maximum allowable percentage for the invoice and the accounting surplus (the Regulation of the Financial Markets Authority), BGBl. II No 597/2003, except for force.