In Germany, the pension funds (Versorgungswerke der Rechtsanwälte) are the pension insurance for lawyers; they therefore do not pay their pension contributions into the state pension scheme (gesetzliche Rentenversicherung).

Globally, there are increasing reports that pension providers are investing in Bitcoin.

Not so the lawyers' pension funds.

We asked them about it. Why not? If the purpose of the pension funds is to secure the retirement of lawyers and the task of the management boards is to ensure this, why this reluctance?

The answer was: “That's just the way it is.”

It is also clear from the answer that there are no plans to change this. Otherwise we would probably have been told.

Once again, the reasons are different from those given, but there is not just one reason (legal situation).

Among others, It's the pension funds of the asset managers (with whom the pension funds - and incidentally doctors, architects ... also have such pension schemes) that are at stake.

There will be no change unless the enlightened (compulsorily) insured lawyer (yes, membership in either the statutory or the lawyers' pension scheme is compulsory) takes care of his own interests and changes the current situation.

By the way: I could also imagine a proof of investment here, i.e. complete transparency.

Every Euro that has been paid into the pension fund as a contribution by the members could be made traceable, including the current “whereabouts”.

Yes, there are annual reports.

Do I trust my pension fund that the board and all those involved are doing their work ONLY in the interests of the members?

Well, the answer is simple. Because you can also ask whether the state pension scheme member (e.g. the employee) trusts the state pension scheme.

not your keys, not your coins

Translated with DeepL.com (free version)