Based on the article I linked to in another comment, it does sound like they were required by the government to contribute to that particular fund, which then managed to lose a bunch of their money, so maybe one could feel that there’s maybe some level of government responsibility.
The VZB, whose membership is mandatory for dentists practicing in Germany, faces intense scrutiny for its asset management.
That being said, I agree that if they’d made exceptional returns instead of exceptional losses, they probably wouldn’t very interested in giving up their returns.
Wut? Privatize profits, subsidize losses? No thank you.
Based on the article I linked to in another comment, it does sound like they were required by the government to contribute to that particular fund, which then managed to lose a bunch of their money, so maybe one could feel that there’s maybe some level of government responsibility.
https://deutschlandinenglish.com/p/german-dental-pension-funds-face-massive-losses-in-risky-investments
That being said, I agree that if they’d made exceptional returns instead of exceptional losses, they probably wouldn’t very interested in giving up their returns.
No, that’s not how it works here. Of course we are helping them once they reach rock bottom.
After they’ve sold their Porsches.