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Annual Report

Company pension plan and Time Asset

Since 1998, Volkswagen AG’s Time Asset has given staff the opportunity to be more flexible in their working lives. Time credits and salary contributions are invested in a capital market fund and later converted back into a time credit for early retirement.

At the end of 2010, Volkswagen AG and 20 other Group companies in Germany were using the company pension fund to invest expenditures for the company pension plan (direct pension commitment) on the capital markets.

The company pension fund is managed in trust by Volkswagen Pension Trust e.V. A total of €2,238 million has been contributed to the pension fund since it was set up in July 2001.

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