UBI-Corp

Time value accounts are working time accounts in which employees can bring wages or working hours, to invest in a future loss of wages. Source: GoPro. Drastic economic fluctuations on the one hand, the demographic development, the retirement at 67 and the Elimination of the promotion of part-time work on the other hand, lead to significant changes in the work world. Employers and employees face new challenges if they want to find ways for a medium-to long-term working time flexibility. These should both ways to the tailoring of working time at economic fluctuations than even partial retirement arrangements and options for flexible withdrawal before the regular retirement age allow (early retirement). To avoid redundancies when economic slumps and at the same time the employees a path to early retirement without sensitive pension deductions to pave, the establishment of fair value accounts offered. This working life accounts are called, and are a viable, fiscally sponsored and socially acceptable way to named challenges. The introduction of such working time model also offers employers the opportunity to broaden their appeal, to motivate employees and to bind in the long term.

Time value accounts are working time accounts in which employees can bring a pay or working hours, to invest in a future loss of wages. Main purpose is to implement subsequent downtime (E.g. for training or care of dependents) or early retirement. The law on safeguarding social, flexible working time arrangements (\”Flexigesetz\” and \”Flexi II\”) has created social security legal framework conditions, which considerably have increased the attractiveness of fair value accounts. It is now ensured that also social security contributions are only to raise when it actually comes to the payment of the remuneration. treating the inflow principle applies anyway. This means for the workers, that his contributions to the fair value account at the time of the services are taxed, but when the value flowing to him.