Abstract What should be done when the contribution base for employers’ liability insurance associations erodes due to structural change, yet the pension liabilities from past decades still need to be met? To prevent financial imbalances, the Accident Insurance Modernisation Act was passed in 2008, drastically reducing the number of employers’ liability insurance associations and introducing a burden-sharing mechanism. Now is the time for an initial assessment. Has the reform met expectations for greater stability? This analysis shows, on the one hand, that the burden-sharing mechanism means that traditional industrial sectors in particular are among the beneficiaries or are on the way to becoming so. On the other hand, it is clear that the new system ensures the solidarity-based and stable financing of pension liabilities within statutory accident insurance.
Stefan Mangelsdorf (Wed,) studied this question.