The legislative journey to the Retirement Investment Account
Gesetzgebung
17.12.2025
The Federal Cabinet under Finance Minister Lars Klingbeil approved the draft Pension Reform Act (AVReformG) and submitted it to the Bundestag.
Bundestag
27.02.2026
The Bundestag debated the Pension Reform Act in its first reading. Broad cross-party support, with some amendments announced.
11.03.2026
The Finance Committee heard expert testimony from economists, the insurance industry, and consumer advocates on the draft legislation.
Änderungen
The Finance Committee agreed on central changes: increased basic allowance to €540, career-starter bonus of €200, and a 1% p.a. cost cap.
Verabschiedet
With 412 to 178 votes, the German Bundestag passed the Pension Reform Act. The Retirement Investment Account is now officially adopted.
Bundesrat
24.04.2026
The Bundesrat approved the Pension Reform Act at its session. The path is now clear for the law to take effect from 1 January 2027.
Launch
Geplant
The Retirement Investment Account is available from today. Savers can open an AVD at certified providers and benefit from government grants.
