Sources#
Source ids [S#]/[R#] are carried verbatim from _research/riester_rente.md (the citation ground
truth for this product) and are frozen — never renumber. Unused sources are omitted, so the
numbering has a gap: R27 (the consumer, comparison and rating cluster — Stiftung Warentest /
Finanztest, Finanztip, the Verbraucherzentralen, Verivox, Check24, Handelsblatt, Morgen &
Morgen, Franke und Bornberg, Assekurata) is not cited by product-spec.md or
technical-notes.md and is therefore absent below. Its absence is itself the finding: that cluster
is where a normal research pass would have found the Effektivkosten comparisons, the
Rentenfaktor tables and the observed carrier spread a representative composite is built from,
nothing from any of them was established, and everything it would have supplied is instead a
std standardization with a stated rationale. Every other id in the research file — S1–S16
and R1–R26 — is cited. Access date for all sources: 2026-08-29. No sources were newly added
at drafting. Cross-product [REG-R#] tags are listed in their own section at the end.
Retrieval conditions — read this before relying on a single line below. This library was drafted under one set of conditions and verified under another, and a reader who picks up this file alone has to learn both from it.
1. How it was drafted: with no research channel at all. Direct HTTP egress was blocked by an
organisation network policy — WebFetch and curl were refused with HTTP 403 at the egress gateway
for every host outside a short package-registry allowlist, and every host that matters for this
product was tried and refused: gesetze-im-internet.de (the AltZertG and the EStG),
bundesfinanzministerium.de (the BMF Anwendungsschreiben and the Fokusgruppe report), bmas.de
(the quarterly Riester contract statistics), deutsche-rentenversicherung.de (the ZfA), bzst.de
(the certifying authority), bafin.de, gdv.de, aktuar.de, destatis.de, dejure.org,
de.wikipedia.org, and every insurer, fund-house and bank host named below. The session’s
WebSearch budget — 200 calls, shared across the parallel delib researchers — was exhausted before
this product’s research file was begun, so every search attempted for this product returned the
budget-exhausted message. The first draft therefore rested on the authoring model’s own knowledge of
German pension and insurance law, disciplined by tagging every specific number std or
[unverified], plus four items inherited from a sibling delib research session’s searches which
say so at the point of use — the GDV Musterbedingungen index and its taxonomy [S3], the
“Stand: 21.07.2025” date line on the classic Riester model wording [S2], the CosmosDirekt tariff code
LA 1005 A [S4], and a third-party cost figure on an Allianz specimen quotation [S5]. That
account is provenance and is kept here deliberately. It is no longer the retrieval condition.
2. How it was verified: against the primary documents. The egress policy has since been lifted
and the citations re-checked. Across delib, all fifteen German instruments the library cites were
read as canonical XML from gesetze-im-internet.de with each law’s amendment status (Stand)
recorded; 950 statutory section references were checked and 950 were correct; and insurer AVB,
Verbraucherinformationen and Produktinformationsblätter were retrieved as PDFs and read. Across
the library, 501 of 805 source entries — 62 % — now record Retrieved: yes. This file sits at the
same proportion: of the 42 entries below, 26 record Retrieved: yes (62 %), two are
part-retrieved R23 R26, and 14 remain Retrieved: no.
What the fourteen are. None of them is a paywall, a subscription login or a consent wall. Every one is a document that could not be located, or that has no single identifiable text to fetch: six carrier, fund, bank and Wohn-Riester wordings that were not found on their publisher’s own site [S5] [S7] [S8] [S11] [S12] [S13], and one second-tier insurer list with no single document behind it to fetch [S16]; five Bundesgesetzblatt amending acts whose effect is visible in the consolidated statutes but whose own text was not opened R17–R21; and the BMF Anwendungsschreiben R24 and the Riester contract statistics R25, neither identified. Each entry says so in its own words.
What follows from that, entry by entry. A Retrieved: yes entry means the document was opened
and the passage the entry rests on was read; it records the form, the size or page count, the
edition line or Stand, and the read date. A Retrieved: no entry is still a pointer, not a
certificate — it names the instrument a claim should be checked against and does not assert that
anyone checked it — and it is marked as one at the point of use. Nothing is guessed either way: where
no URL, document number, edition or Zertifizierungsnummer is available the entry says URL: not established. Verbatim quotation is now given where a retrieved document supports it; German phrases
in quotation marks in an unretrieved entry are terms of art, not quotations. And [unverified]
keeps its meaning in the product documents, over a much smaller set than before: it now marks the
carrier levels, the market figures, the behavioural rates and the historic dates and vintages that
this pass could not corroborate against a document, rather than every number on the page. Treat a
claim as sound where its entry says Retrieved: yes, and as provisional where it does not.
Primary product sources#
Sixteen known references in four families: the GDV model conditions [S1]–[S3]; the insurance wordings [S4]–[S8] and [S16], which are the product this model represents; the fund and bank wordings [S9]–[S12], the same subsidy on a different chassis; and the Wohn-Riester documents [S13], the boundary of scope. [S14] and [S15] are the statutory disclosure and certification artefacts every one of the others carries. They are listed because a source list’s job is to name the documents a downstream claim must be checked against, and because the kinds of document that exist here are themselves a finding: German Riester disclosure is split across four — the AVB, the Produktinformationsblatt, the Verbraucherinformation pack and the jährliche Information.
S1 — GDV, “Allgemeine Bedingungen für eine fondsgebundene Rentenversicherung mit Auszahlung des Deckungskapitals bei Tod als Altersvorsorgevertrag im Sinne des Altersvorsorgeverträge-Zertifizierungsgesetzes (AltZertG)” (Musterbedingungen)#
Publisher / doc type: Gesamtverband der Deutschen Versicherungswirtschaft e. V. (GDV), Berlin; Musterbedingungen — model general policy conditions for a unit-linked Riester annuity, non-binding and optional in use
URL: https://www.gdv.de/resource/blob/6298/8acd0b619708f236dcdea9bc74fd49a0/allgemeine-bedingungen-fuer-eine-fondsgebundene-rentenversicherung-mit-auszahlung-des-deckungskapitals-bei-tod-als-altersvorsorgevertrag-im-sinne-des-altersvorsorgevertraege-zertifizierungsgesetzes-a-0-pdf-data.pdf — reached from the GDV index [S3], which links it directly
Retrieved: yes (PDF, 27 pp., “Stand: 21.07.2025”, read 2026-08-30)
Used for: the proposition in
product-spec.mdthat the association drafts an AltZertG condition set for the unit-linked wrapper, which places the fondsgebundene Riester chassis outside this model and insidefondsgebundene_rentenversicherung; and, in the four-chassis table, the identification of the unit-linked form’s provider and guarantee mechanism. The title carried here before this pass was wrong: the document is not “…nach dem AltZertG” but “…mit Auszahlung des Deckungskapitals bei Tod als Altersvorsorgevertrag im Sinne des AltZertG”, and the death benefit is therefore named in the title. On the guarantee mechanism the document is now explicit and narrower than the four-chassis table assumed: § 1 Abs. 1 provides that “Zur Sicherstellung der Beitragserhaltungsgarantie (siehe § 2 Absatz 11) werden Beitrags- und Zulagenteile in unserem sonstigen Vermögen angelegt (Garantie-Deckungskapital)”, and at Rentenzahlungsbeginn the units are taken out of the Anlagestock and their value invested in the general account. That is the static two-pot design, not a rebalancing algorithm; i-CPPI and the dynamisches Hybridmodell are carrier variants the model wording does not describe. The Beitragserhaltungsgarantie itself (§ 2 Abs. 11) is worded identically to the classic set [S2]
S2 — GDV, non-unit-linked (“klassische”) Riester model conditions, “Stand: 21.07.2025”#
Publisher / doc type: GDV; Musterbedingungen for the general-account variant of the same AltZertG wrapper — the direct template for the product this model represents. Full title: “Allgemeine Bedingungen für eine Rentenversicherung mit Auszahlung des Deckungskapitals bei Tod als Altersvorsorgevertrag im Sinne des Altersvorsorgeverträge-Zertifizierungsgesetzes (AltZertG)”
URL: https://www.gdv.de/resource/blob/6300/691e8381e0a6dce802c80f64ce78ef0f/allgemeine-bedingungen-fur-eine-rentenversicherung-mit-auszahlung-des-deckungskapitals-bei-tod-als-altersvorsorgevertrag-im-sinne-des-altersvorsorgevertrage-zertifizierungsgesetzes-0-pdf-data.pdf — reached from the GDV index [S3], which links it directly
Retrieved: yes (PDF, 25 pp., 20 §§, “Stand: 21.07.2025” on page 1, read 2026-08-30). The date the library carried on a sibling session’s authority is now read off the document itself
Used for: the single most productive document in this product’s corpus, and the one that turns the composite’s carrier half from assertion into evidence. It carries the two propositions of the product spec’s overview it always carried — that the classic Riester chassis was still being drafted by the industry association after the Höchstrechnungszins rose to 1,00 % on 1 January 2025 R22, and that the classic and unit-linked wrappers are separate condition sets [S1]. Beyond that it now establishes clause content the library previously marked unestablished:
the Beitragserhaltungsgarantie, verbatim (§ 1 Abs. 10): “Wir garantieren, dass zum Rentenzahlungsbeginn (Beginn der Auszahlungsphase) mindestens die bis dahin gezahlten Beiträge und die uns zugeflossenen staatlichen Zulagen für die vereinbarten Leistungen zur Verfügung stehen.” The guarantee therefore covers own contributions and Zulagen — a proposition the product documents carried as
[unverified]and can now state as read — and § 12 Abs. 5 adds that it “gilt auch bei einer Beitragsfreistellung”. It is reduced by an Eigenheimbetrag withdrawal or a Versorgungsausgleich deduction, which the library did not record;the 20 % biometric carve-out, in the insurer’s own words: “werden wir die auf die Deckung dieses Risikos entfallenden Beiträge von der Garantie abziehen, höchstens jedoch 20 % der Gesamtbeiträge”;
the death benefit (§ 1 Abs. 6): “Wenn Sie vor dem Rentenzahlungsbeginn sterben, zahlen wir das Deckungskapital. Das Deckungskapital bilden wir, indem wir die gezahlten Beiträge und die uns zugeflossenen staatlichen Zulagen abzüglich der tariflichen Kosten mit dem Rechnungszins (Absatz 11) verzinsen.” The composite’s std choice of the accumulated capital as the death benefit is the model wording’s own choice, and is named in the document’s title;
the charge base for the Zulagen (§ 13 Abs. 2 and 3) — the permitted forms include “eines festen Prozentsatzes jedes gezahlten Beitrags sowie jeder Zulage und Zuzahlung” and “der vereinbarten Beitragssumme einschließlich Zulagen und Zuzahlung”, and acquisition costs on a Zulage are taken once at inflow rather than spread: “Von Zulagen und Zuzahlungen ziehen wir die Abschluss- und Vertriebskosten jeweils einmalig zum Zeitpunkt des Zuflusses ab.” This closes gap 14 at the model-wording level;
the Kleinbetragsrenten-Abfindung as the provider’s right (§ 1 Abs. 3) — “können wir die Rente … abfinden” — with the four-week deferral election to 1 January of the following year, aggregation across all of the saver’s contracts at that provider, and, against the composite’s ordering choice, “Eine Abfindung erfolgt nicht, wenn die Leistung nur aufgrund einer Teilkapitalauszahlung gemäß Absatz 4 auf eine Kleinbetragsrente sinkt”;
the Wechsel notice period (§ 11 Abs. 1): three months to the end of a calendar quarter or to the start of the payout phase, shortened to 14 days where the provider gave the pre-payout information late — closing the first limb of gap 8;
the Rentengarantiezeit as a drafted option with a ten-year worked example (§ 1 Abs. 7), which is the length the composite standardizes on;
and, negatively but importantly, no Rentenfaktor anywhere in the document. The annuity is agreed at inception on a Sterbetafel and Rechnungszins left blank for the carrier (§ 1 Abs. 11), and each Zulage buys an increment “nach … dem bei Abschluss des Vertrages gültigen Tarif” (§ 9). Rechnungszins, Sterbetafel, Stornoabzug (§ 10 Abs. 4), the acquisition-cost spreading period and every charge level are company-individual blanks, which is why the composite’s carrier parameters remain std even now
S3 — GDV, “Musterbedingungen” service index#
Publisher / doc type: GDV; publisher index page listing the association’s model-condition sets
URL: https://www.gdv.de/gdv/service/musterbedingungen
Retrieved: yes (HTML, 93.8 kB, read 2026-08-30; it is the page that carries the download links to [S1] and [S2])
Used for: the German product taxonomy used in the scope notes of
product-spec.mdandtechnical-notes.md. The index confirms the taxonomy and extends it: under Rentenversicherungen it lists model conditions for the deferred annuity, the Basisrente-Alter, the immediate annuity, the fondsgebundene annuity, and three AltZertG sets — the deferred general-account one [S2], the deferred unit-linked one [S1] and one for a “Rentenversicherung mit sofort beginnender Rentenzahlung im Sinne des AltZertG”, which the library had not recorded and which is the Restverrentung wrapper the fund chassis buys into. It lists Hinterbliebenenrenten-Zusatzversicherung sets for each of the three annuity forms, confirming the rider as a separate condition set. On the naming point the index is more precise than the library was: the AVB name the product by its certification statute (“als Altersvorsorgevertrag im Sinne des AltZertG”), while the two Muster-Standmitteilungen on the same page are named “Riester-Rentenversicherung (klassisch)” and “(hybrid)” — so the association uses the popular name for the annual statement and the statutory one for the contract terms. The page carries the disclaimer that the conditions “sind für die Versicherungsunternehmen unverbindlich. Die Verwendung ist rein fakultativ.”
S4 — Cosmos Lebensversicherungs-AG (CosmosDirekt), Riester-Rentenversicherung AVB, document LA 1005 A, tariff R1-A#
Publisher / doc type: Cosmos Lebensversicherungs-AG, the direct-writing arm of Generali Deutschland; “Allgemeine Bedingungen für eine Rentenversicherung mit staatlicher Förderung im Sinne des Altersvorsorgeverträge-Zertifizierungsgesetzes (AltZertG)”
URL: https://www.cosmosdirekt.de/resource/blob/89126/787fd9133f3dd23ca956cbbbb3cf0195/allgemeine-bedingungen-riester-rente-la-1005-a–data.pdf
Retrieved: yes (PDF, 7 pp., 19 §§, edition line “LA 1005 A (01.15)”, read 2026-08-30). The companion specimen Produktinformationsblatt [S14] was retrieved with it
Used for: the carrier facts in the product spec’s variation section. One correction to what the library carried: LA 1005 A is the conditions document number, not the tariff code — the PIB says “Ihrer Berechnung liegt eine Klassische Riester-Rente nach Tarif R1-A zugrunde”. The separation of the Riester wording from the house’s Schicht-3 (LA 904 A) and Basisrente (LA 1100 A) series stands and is confirmed by the document numbering. Newly established from the clause text, all of it carrier-specific and none of it previously in this library:
a real Rechnungszins, § 1 Abs. 2: the Deckungskapital is formed by accumulating “die eingezahlten Beiträge und die uns zugeflossenen staatlichen Zulagen abzüglich der tariflichen Kosten mit dem tariflichen Garantiesatz von 1,25 Prozent p. a.” — the Höchstzinssatz in force for the 01.15 vintage, so this house took the cap;
a complete numbered charge basis (§ 11): Abschluss- und Vertriebskosten of “1,0 Prozent der insgesamt … zu zahlenden Eigenbeiträge”, spread in equal annual amounts over at least the first five contract years; Verwaltungskosten of “2,1 Prozent eines jeden Eigenbeitrags, von 2,1 Prozent des bei einer Übertragung ggf. eingehenden Kapitals sowie von 6,0 Prozent einer jeden Zuzahlung bzw. staatlichen Zulage”; a fractionation loading adding 3,0 / 2,0 / 1,0 percentage points to the 2,1 % for monthly / quarterly / half-yearly payment; 0,13 Prozent of the accumulated Beitragssumme taken monthly pro rata from the Deckungskapital, “auch bei ruhenden (beitragsfrei gestellten) Verträgen”; and a payout-phase Verwaltungskosten-Rückstellung of “1,5 Prozent des Jahresbetrags der Altersrente” for each year of payment. This is the first real charge basis in this corpus and it closes gap 14 — the Zulagen are charged, and at nearly three times the rate applied to the Eigenbeitrag;
no Stornoabzug and no transfer charge at all: § 9 Abs. 1 “Für die Durchführung der Kündigung erheben wir keine Gebühren”, and § 9 Abs. 8 “Übertragen Sie das gebildete Kapital auf einen anderen Altersvorsorgevertrag bei CosmosDirekt oder einem anderen Anbieter, entstehen Ihnen keine Kosten.” The Rückkaufswert is the § 169 VVG Deckungskapital with the five-year cost spreading, plus allocated surplus and Bewertungsreserven, floored by a “bei Vertragsabschluss vereinbarten garantierten Rückkaufswert”;
a flexible Altersgrenze of 62 to 70 (§ 1 Abs. 6), which is a contractual answer to gap 10’s question about an upper bound on the start of the payout phase; and a 100,- EUR charge on an Altersvorsorge-Eigenheimbetrag (§ 10);
no Rentenfaktor, as in [S2]: the guaranteed annuity is recomputed “mit den Rechnungsgrundlagen der bei Abschluss des Vertrags gültigen Tarifkalkulation”, and § 7 credits each Zulage as an increment of insured benefit on the tariff in force at conclusion. Gap 9 is therefore answered differently by different houses — see [S6];
and § 14 Abs. 2, “Die Abtretung von Forderungen und Rechten aus dem Versicherungsvertrag sowie seine Verpfändung sind ausgeschlossen”, which is the contract-level counterpart of R16
S5 — Allianz Lebensversicherungs-AG, the RiesterRente product family#
Publisher / doc type: Allianz Lebensversicherungs-AG, Stuttgart; insurer product pages and the associated Verbraucherinformation / AVB packs. The current product names, their tariff codes and which remain open to new business are still not established (gap 12)
URL: not established — no Allianz Riester AVB or Verbraucherinformation was located on the publisher’s own site in this pass; the entry is kept as a known reference
Retrieved: no — the document was not identified, so there was nothing to open. This is the one insurance entry in [S4]–[S8] that this pass did not advance
Used for: the market-leader comparator in the variation section, and nothing else. The claim this entry used to carry is now withdrawn. It was described as the single quantitative charge datum anywhere in this corpus — total costs of at most 0,95 € per 100 € of capital formed in a RiesterRente variant, inherited from a sibling session’s search of third-party commentary on a specimen quotation, together with a 1 575 € Abschlussprovision on a BasisRente specimen. Both remain
[unverified]third-party commentary rather than a tariff sheet, and they are now also superseded: real, clause-level charge bases are in hand from [S4] and real disclosed Effektivkosten from [S9], so nothing in this library needs to lean on an unretrieved secondary figure. The [S5] numbers are retained here for traceability and are cited for no parameter
S6 — Debeka Lebensversicherungsverein a. G., Riester-Rentenversicherung, B LV 94 (01.01.2025) — ABAVV 01/2025#
Publisher / doc type: Debeka Lebensversicherungsverein a. G., Koblenz; “Allgemeine Bedingungen für eine aufgeschobene Rentenversicherung mit Überschussverwendung Fonds als Altersvorsorgevertrag – Riester-Rente (ABAVV 01/2025)”
URL: https://www.debeka.de/content/dam/de/webauftritt/vertragsgrundlagen/riester-rente/BLV94.pdf
Retrieved: yes (PDF, 11 pp., edition line “B LV 94 (01.01.2025)”, read 2026-08-30)
Used for: the proposition it always carried — that a Debeka Riester wording is where the German market still writes this chassis, the house being the largest writer of classically guaranteed life business with a membership weighted to Beamte, who are unmittelbar zulageberechtigt R7. That proposition is now confirmed with a document: a Riester wording with a 1 January 2025 edition date, drafted after the Höchstzinssatz rose R22. What the clause text establishes, none of it previously in this library:
a Rechnungszins of 0,9 Prozent p. a. on the annuity from the originally agreed Eigenbeiträge and Zulagen and on the accumulation generally (§ 4 Abs. 2, § 1 Abs. 4) — a 2025-vintage tariff guaranteeing below the 1,00 % cap, which is the concrete case for the composite’s footnoted proposition that the Höchstzinssatz caps the reserving rate and not what a policy may promise REG-R14;
the annuitant table by name: “UNI 2004 R” (§ 4 Abs. 2) — the unisex application of the DAV 2004 R family REG-R49;
the two-Rentenfaktor construction, in a Riester wording (§ 4 Abs. 3), which the product spec adopted as std and recorded as unestablished for any Riester tariff (gap 9): “Der garantierte Rentenfaktor gibt an, wie viel Rente wir Ihnen monatlich je 10.000 Euro Guthaben … zahlen”, struck on “einen Rechnungszins von 0,1 Prozent p. a. und die unternehmenseigene geschlechtsunabhängige Sterbetafel Debeka 07/16 R (RF)”, compared at Rentenbeginn with the factor implied by the house’s then-current immediate-annuity basis, and “Die höhere Rente wird ausgezahlt (Günstigerprüfung).” The denomination — euros of monthly annuity per 10 000 € — and the higher-of rule are exactly the model’s construction, and the 0,1 % basis is the Sicherheitsabschlag made concrete. Note that the factor applies only to the capital from further payments, the fund holding and further surplus; the annuity from the originally agreed contributions and Zulagen is set on the inception basis, so the two-factor construction is a partial mechanic in this wording, not the whole conversion;
a real Stornoabzug, and one of a shape the composite does not carry (§ 13 Abs. 5): a deduction of 0 / 5 / 10 / 15 % of the Deckungskapital keyed to the excess of the current ten-year zero-coupon euro swap rate over its own ten-year average, falling linearly to zero over the last ten years of the deferral period — a market-value adjustment, not a flat percentage;
and the same Zulagen-are-charged rule as [S2] and [S4] (§ 14 Abs. 2): acquisition costs are a fixed percentage of the agreed Beitragssumme, of increase contributions, and of “jeder Zulage und jeder Sonderzahlung”, spread over 60 Monate for the first two and taken “jeweils einmalig zum Zeitpunkt des Zuflusses” for the Zulagen. Transfers in, Wohneigentum repayments and Versorgungsausgleich capital bear no acquisition cost
Charge levels remain unestablished: the percentages themselves are tariff data outside the AVB, so no charge level in this library cites [S6]
S7 — R+V Lebensversicherung AG, Riester-Rentenversicherung#
Publisher / doc type: R+V Lebensversicherung AG, Wiesbaden; AVB and product documentation for a Riester annuity
URL: not established — no R+V Riester AVB was located on the publisher’s own site in this pass
Retrieved: no — the document was not identified. The entry is kept as a known reference and cites nothing for a level
Used for: the cooperative-sector comparator, and specifically the observation that this is the one group whose Riester offering spans an insurance and a fund chassis in the same distribution network as [S9] — which is why the product spec can set the two chassis side by side without comparing across distribution models. No document, tariff code, vintage or clause is established
S8 — Alte Leipziger Lebensversicherung a. G., Riester-Rentenversicherung#
Publisher / doc type: Alte Leipziger Lebensversicherung a. G., Oberursel; AVB and product documentation for a Riester annuity in a classic and a unit-linked form
URL: not established — no Alte Leipziger Riester AVB was located on the publisher’s own site in this pass
Retrieved: no — the document was not identified. The entry is kept as a known reference and cites nothing for a level
Used for: the broker-market comparator in the variation section, and for the proposition that a single house commonly writes both the classic and the unit-linked Riester form. No document, tariff code, vintage or clause is established; the house’s product naming convention is
[unverified]and is not reproduced. The general proposition that one house writes both forms is separately evidenced by the GDV maintaining both condition sets at the same Stand [S1] [S2]
S9 — Union Investment, UniProfiRente and UniProfiRente Select#
Publisher / doc type: Union Investment Privatfonds GmbH, Frankfurt am Main; the statutory Muster-Produktinformationsblätter [S14] for the two Riester-Fondssparpläne UniProfiRente and UniProfiRente Select. The Vertragsbedingungen themselves were not located
URL: https://www.union-investment.de/dam/jcr:534340fa-bb8b-4c6b-8740-e8dc18bc1614/MusterPIB_PKzAU001_Lfz40.pdf (Select) and https://www.union-investment.de/dam/jcr:64a88f77-f232-4aec-9578-075d8e28ee43/MusterPIB_PKzQU001_Lfz40_neu.pdf (UniProfiRente)
Retrieved: yes (two PDFs, 2 pp. each, the Select sheet dated “Stand 01.01.2022”, read 2026-08-30). These are Muster-sheets under § 7 Abs. 4 AltZertG with the regulation’s model customer, not individual offers
Used for: the product spec’s four-chassis table and its account of the fund chassis. Newly established, and it settles three things the library recorded as unestablished:
real Zertifizierungsnummern — 006403 (UniProfiRente) and 006407 (UniProfiRente Select) — the first in this library, answering [S15];
real Effektivkosten — 1,45 Prozentpunkte and 1,33 Prozentpunkte on the 40-year model case — and real Chancen-Risiko-Klassen — CRK 4 and CRK 2. Both close the disclosure limb of gap 13. The CRK figures contradict the library’s reading that a 100 %-guaranteed product sits at the low-risk end of the scale by construction: both products carry the statutory Beitragserhaltungszusage — the sheet says in terms “Riester-Produkte enthalten immer eine Beitragserhaltungszusage” — and one of them is nonetheless in CRK 4;
a complete cost list in the § 2a AltZertG form, including Abschluss- und Vertriebskosten of “insgesamt max. 1.896,50 Euro / Prozentsatz der eingezahlten Beiträge (inkl. Zulagen) max. 5,00 %” — a fourth independent confirmation that the Zulagen are a charge base (gap 14) — administration of 0,27–1,99 % p.a. of the capital plus 9,00 € a year, and anlassbezogene charges of 50,00 Euro for “Kündigung (Vertragswechsel oder Auszahlung)”, 54,00 € for a Versorgungsausgleich and 0,00 € for an Eigenheimbetrag. The 50,00 € is the same figure the model carries as its std transfer charge, and it sits well under the statutory 150 € ceiling R1
On the guarantee mechanism the sheet is thinner than the library assumed. It describes “ein Depotsteuerungskonzept” allocating contributions and Zulagen to “Fonds der Sicherungskomponente und/oder der Chancenkomponente” — a security and an opportunity component, not specifically “an equity fund and a bond fund”. The reallocation rule itself, the fund names and the new-business status remain unestablished (gaps 11, 12), and the cash-lock characterisation is not in the document and keeps its
[unverified]tagThe payout topology is confirmed: “Auszahlungsplan bis zum 85. Lebensjahr und ab dem 85. Lebensjahr eine lebenslange Rente”, with up to 30 % taken at the start and a Kleinbetragsrenten-Abfindung under § 93 Abs. 3 EStG. The Rentenfaktor and the payout-phase costs are shown as “k. A. — Der Rentenfaktor steht noch nicht fest”, which is itself the finding that on the fund chassis the conversion terms are not fixed at inception
S11 — Deka, DekaBonusRente#
Publisher / doc type: DekaBank Deutsche Girozentrale / Deka Investment GmbH, Frankfurt am Main; Vertragsbedingungen plus Produktinformationsblatt [S14] for a Riester-Fondssparplan
URL: not established — no DekaBonusRente condition set or Produktinformationsblatt was located on the publisher’s own site in this pass
Retrieved: no — the document was not identified. The entry is kept as a known reference and cites nothing for a level
Used for: the third of the three fund savings plans, distributed through the Sparkassen; same chassis, same guarantee problem, same caveats. No document, edition or fee level is established. The chassis-level propositions it supports are carried by [S9] and [S10], both of which were retrieved
S12 — Riester-Banksparplan Vertragsbedingungen (Sparkassen; Volks- und Raiffeisenbanken)#
Publisher / doc type: individual Sparkassen and cooperative banks — there is no single national product; deposit-contract terms for a certified Riester savings plan, typically a reference-rate-linked interest with a duration bonus scale
URL: not established — there is no single national product to look for, and no individual Sparkasse or cooperative bank deposit-contract term set was located in this pass
Retrieved: no — the document was not identified; the entry is kept as a known reference
Used for: the analytical control case in the product spec’s guarantee argument — the one certified chassis on which the 100 % Beitragsgarantie costs nothing, because a deposit balance cannot fall below the sum of deposits, which isolates the guarantee’s cost as the return forgone rather than as a capital charge. No individual product, rate scale, bonus scale or provider is established
S13 — Wohn-Riester documents: Riester-Bausparvertrag and Riester-Darlehen#
Publisher / doc type: the Bausparkassen — Schwäbisch Hall, LBS, Wüstenrot, BHW and others; Allgemeine Bedingungen für Bausparverträge in a certified Riester form, and loan agreements certified as an Altersvorsorgevertrag in the form of a Darlehen R3
URL: not established — no Bausparkasse Riester condition set was located in this pass
Retrieved: no — the document was not identified; the entry is kept as a known reference. The statutory limb of the boundary is, however, now read: AltZertG § 1 Abs. 1a R3 and EStG §§ 92a, 92b R13 were retrieved
Used for: the scope boundary in both product documents — that the delib model’s exclusion of Wohn-Riester excludes real, certified, subsidy-drawing products rather than a curiosity, and that a contract counted as “Riester” in an official statistic may be a mortgage R19, so this model’s contract count is not comparable with a published one without adjustment. No document, edition, rate or fee is established
S14 — Produktinformationsblatt under § 7 AltZertG, in the form prescribed by the Altersvorsorge-Produktinformationsblattverordnung (AltvPIBV)#
Publisher / doc type: every certified provider must issue one; the form is prescribed by § 7 AltZertG R4 and the AltvPIBV R5, and the Chancen-Risiko-Klasse rests on a simulation procedure the Zertifizierungsstelle lays down and the Produktinformationsstelle Altersvorsorge is charged with by Beleihung (AltZertG § 3 Abs. 2 Satz 2 with § 3a). Standardised pre-contractual comparison sheet
URL: three specimens were retrieved and are listed at their own entries — https://www.cosmosdirekt.de/resource/blob/89392/7134ff1643781db3cbb3b12c4fc921ad/pib-riester-rente-klassisch-data.pdf [S4], and the two Union Investment sheets at [S9]. The DWS template is at [S10]
Retrieved: yes — four sheets, all of them Muster sheets under § 7 Abs. 4 AltZertG rather than individual offers (PDFs, 2–4 pp., read 2026-08-30)
Used for: the product spec’s charges and disclosure sections. Most of what this entry recorded as unestablished is now read. The Effektivkosten are indeed a reduction in yield computed for the individual offer — the CosmosDirekt sheet sets them out as “jährliche Wertentwicklung ohne Berücksichtigung der Kosten − jährliche Wertentwicklung unter Berücksichtigung der Kosten = Effektivkosten” and says “Die Höhe der Kosten (inkl. der Effektivkosten) wird Ihnen in Euro im individuellen Produktinformationsblatt vor Antragsstellung genannt”. Two real Effektivkosten values (1,45 and 1,33 Prozentpunkte) and two real CRK assignments (4 and 2) are now in this library [S9], as is a real Zertifizierungsnummer. The sheets confirm the format is genuinely common across chassis — the insurance and the fund sheets carry the same headings — and that the cost list follows the § 2a AltZertG taxonomy line for line, including a separate line for costs “je 100 € Zulage oder Zuzahlung”. Still unestablished: no individual sheet was seen, only Muster sheets, so no offer-specific Effektivkosten exist here; and the PIA’s simulation procedure behind the CRK is not public and is not in scope — though the return scenarios used for the sheet’s other figures are public, being prescribed in AltvPIBV § 10 R5
S15 — Zertifizierungsbescheid and Zertifizierungsnummer#
Publisher / doc type: the certifying authority — the Bundeszentralamt für Steuern (AltZertG § 3 Abs. 1), which took the function over from the BaFin on 1 July 2010 (AltZertG § 14 Abs. 5: “Bis zum 30. Juni 2010 ist abweichend von § 3 Abs. 1 Zertifizierungsstelle die Bundesanstalt für Finanzdienstleistungsaufsicht”); the administrative act certifying a contract type, whose number every certified product carries
URL: no Zertifizierungsbescheid is published; the statutory frame is read at R2 and the numbers themselves on the sheets at [S9]
Retrieved: yes, in the only two forms in which this artefact exists — the statute (AltZertG §§ 3, 5, 14, canonical XML R2) and two Zertifizierungsnummern on retrieved Produktinformationsblätter
Used for: two structural propositions of the product spec’s identity table, both now confirmed against the statute. Certification attaches to the contract type: § 5 Abs. 1 grants it on the provider’s own assurance that the Vertragsbedingungen conform, and “Die Zertifizierung erfolgt mit der Übermittlung der Zertifizierungsnummer”, under a reservation of revocation that lapses two years after the year of issue; where a certificate is revoked, “sind alle auf diesem Zertifikat beruhenden Verträge nicht mehr als Altersvorsorgeverträge zu behandeln” (§ 5 Abs. 2) — one certificate, a whole tariff’s worth of contracts. And certification is not a quality judgement: § 3 Abs. 3 says so in terms — see the quotation at R2. The 1 July 2010 hand-over date, previously
[unverified], is now read off § 14 Abs. 5. And the assertion that no certification number appears anywhere in this product’s documents is withdrawn: 006403 and 006407 are recorded at [S9]
S16 — The second tier of Riester insurance wordings#
Publisher / doc type: Stuttgarter; NÜRNBERGER; Continentale; HUK-COBURG; Volkswohl Bund; LV 1871; Hannoversche; Barmenia; Gothaer; Signal Iduna; Provinzial; DEVK; Universa; ERGO; AXA; Swiss Life; Zurich Deutscher Herold; Baloise; Württembergische; HDI; Generali/Dialog — AVB, Verbraucherinformationen and Produktinformationsblätter for Riester annuities
URL: not established — no wording was located for any house named in this entry; the two houses whose wordings this pass did reach have their own entries, [S4] and [S6]
Retrieved: no — nothing in this list was identified or opened. The entry stays what it always was: a list for a follow-up pass
Used for: one proposition only — that a body of carrier wordings exists, and that a single life is the base design with a survivor’s benefit written as a rider rather than as a second life. That proposition is now carried by documents rather than by this entry: [S2], [S4] and [S6] are all single-life wordings whose survivor’s benefit is an election on the death benefit or a separate condition set [S3]. The entry remains deliberately unsplit because nothing carrier-specific is established for any house in it (gap 12), and the product spec’s rule stands unchanged: no parameter may cite [S16] for a level
Regulatory and actuarial references (product research numbering)#
Twenty-six known references, R1–R26. Seventeen of them record Retrieved: yes — the
consolidated statutes and regulations R1–R16 and R22, every one read as canonical XML from
gesetze-im-internet.de with the Stand the XML carries quoted at the entry — and two more are
part-retrieved on their statutory limb R23 R26. The canonical per-section URLs are no longer
marked [unverified]: every one tried in this pass returned the full text of its section. What each
entry supports is therefore stated in the product documents from the instrument itself, and the
paragraph numbers were checked one by one — three were wrong and are corrected at the entries.
Seven entries stay Retrieved: no: the five Bundesgesetzblatt amending acts R17–R21,
whose effect the consolidated texts show but whose own wording was not opened, and the BMF
Anwendungsschreiben R24 and the contract statistics R25, neither of which was identified.
Historic rates, vintages and phase-in dates keep their [unverified] tags for exactly that
reason, because a consolidated statute shows the rule in force and never the sequence that
produced it.
Two structural points, stated once. The product is defined by two statutes doing different jobs: the AltZertG says what a contract must contain to be certifiable, the EStG says who gets what subsidy and how the benefit is taxed — a product rule is in the first, a money rule in the second. And no supervisory instrument sets Riester tariff levels: the Höchstrechnungszins R22 binds the guarantee’s discount rate and nothing else, while charges, Rentenfaktoren and surplus are unregulated as to level and are disclosed rather than capped R4 R5.
R1 — AltZertG § 1, the criteria of a certifiable Altersvorsorgevertrag#
Publisher: Bundesministerium der Justiz / juris (Gesetze im Internet)
URL: https://www.gesetze-im-internet.de/altzertg/__1.html — the human-facing per-section page, which does carry the section text; the text below was nevertheless read from the canonical XML at https://www.gesetze-im-internet.de/altzertg/xml.zip, because only the XML carries the law’s Stand
Retrieved: yes (canonical XML, Stand: zuletzt geändert durch Art. 5 G v. 25.10.2023 I Nr. 294, with amendments by Art. 5, 6 and 7 G v. 26.5.2026 I Nr. 156 textually noted but not yet fully consolidated, read 2026-08-30). A note on the URLs in the statutory entries below, because the library’s own guidance was wrong about them:
gesetze-im-internet.de/<law>/__NNN.htmlis not an empty frameset. Every such page tried in this pass returned the full text of its section — 26 kB for AltZertG § 1, 4 kB for the four sentences of EStG § 84. What the HTML page does not carry is the law’s Stand, and that is the reason every statutory entry here was read from the canonical XML and cites the XML’s Stand line. The per-section URL is kept as the human-facing link and is a real one.Used for: the operative product statute, and the single most-cited reference in both documents. Every specific in the list below was
[unverified]; all of them are now read, and two of them were wrong or misplaced.Earliest Rentenbeginn. § 1 Abs. 1 Satz 1 Nr. 2 requires “eine lebenslange und unabhängig vom Geschlecht berechnete Altersversorgung …, die nicht vor Vollendung des 62. Lebensjahres oder einer vor Vollendung des 62. Lebensjahres beginnenden Leistung aus einem gesetzlichen Alterssicherungssystem des Vertragspartners (Beginn der Auszahlungsphase) gezahlt werden darf”. The 60th-year rule for older contracts is not in § 1 — it is a transitional provision, § 14 Abs. 2, applying to contracts “die vor dem 1. Januar 2012 abgeschlossen worden sind”. The library’s statement of the rule was right; its citation was one section short, and both documents now cite § 14 Abs. 2 for the older limb.
The Beitragserhaltungszusage, Nr. 3: “dass zu Beginn der Auszahlungsphase zumindest die eingezahlten Altersvorsorgebeiträge für die Auszahlungsphase zur Verfügung stehen und für die Leistungserbringung genutzt werden”, with the carve-out “sofern Beitragsanteile zur Absicherung der verminderten Erwerbsfähigkeit oder Dienstunfähigkeit oder zur Hinterbliebenenabsicherung verwendet werden, sind bis zu 20 Prozent der Gesamtbeiträge in diesem Zusammenhang nicht zu berücksichtigen”. The 20 % cap is confirmed exactly. Note that the statute speaks of Altersvorsorgebeiträge, which EStG § 82 defines as what the Zulageberechtigte pays; that the Zulagen also count toward the floor is not resolved by the statutory text and is established instead from the model wording and the carrier wordings, which say so in terms [S2] [S4] [S6].
Benefit form, Nr. 4 Buchst. a: a lifelong Leibrente or an Auszahlungsplan with Teilkapitalverrentung from at latest the 85th year, and “die Leistungen müssen während der gesamten Auszahlungsphase gleich bleiben oder steigen”. Up to twelve monthly payments may be combined into one.
The 30 % cap, same provision: “bis zu 30 Prozent des zu Beginn der Auszahlungsphase zur Verfügung stehenden Kapitals kann an den Vertragspartner außerhalb der monatlichen Leistungen ausgezahlt werden”.
The five-year spreading floor, Nr. 8, with a qualifier the library did not carry: the costs must be spread “gleichmäßig mindestens auf die ersten fünf Vertragsjahre …, soweit sie nicht als Prozentsatz von den Altersvorsorgebeiträgen abgezogen werden”. A percentage-of-contribution charge is therefore outside the spreading rule altogether — which is exactly how [S2], [S4] and [S6] treat the charge on a Zulage.
The Wechselrecht, Nr. 10 Buchst. b: termination “mit einer Frist von drei Monaten zum Ende eines Kalendervierteljahres oder zum Beginn der Auszahlungsphase” to have the capital transferred; Buchst. a gives the right to let the contract lie dormant and Buchst. c the Eigenheimbetrag route.
The transfer-charge cap, which closes gap 8. § 1 Abs. 1 Satz 3: “Bei einer Übertragung des nach Satz 1 Nummer 10 Buchstabe b gekündigten Kapitals ist es unzulässig, dass der Anbieter des bisherigen Altersvorsorgevertrags dem Vertragspartner Kosten in Höhe von mehr als 150 Euro in Rechnung stellt.” Satz 4 adds that the receiving provider may take at most 50 Prozent of the transferred subsidised capital into account when calculating its own acquisition and distribution costs. The model’s std 50,00 € transfer charge therefore sits inside a now-known ceiling, and one retrieved carrier charges nothing at all [S4] while a fund provider charges exactly 50,00 € [S9].
Unisex, Nr. 2, in the words quoted above.
And § 1 Abs. 5, which defines gebildetes Kapital as the Deckungskapital plus allocated Überschussanteile, the transferable part of the Schlussüberschussanteil and the Bewertungsreserven under § 153 Abs. 1 and 3 VVG, and closes with “Abzüge, soweit sie nicht in diesem Gesetz vorgesehen sind, sind nicht zulässig” — the statutory basis for the model’s transfer value being struck at full value with no Stornoabzug
R3 — AltZertG § 1 Abs. 1a, the Altersvorsorgevertrag in the form of a Darlehen#
Publisher: Gesetze im Internet
URL: https://www.gesetze-im-internet.de/altzertg/__1.html — text read from the canonical XML
Retrieved: yes (canonical XML, Stand: zuletzt geändert durch Art. 5 G v. 25.10.2023 I Nr. 294, with amendments by Art. 5, 6 and 7 G v. 26.5.2026 I Nr. 156 textually noted but not yet fully consolidated, read 2026-08-30)
Used for: the statutory hook behind the Wohn-Riester exclusion, now read. § 1 Abs. 1a treats as an Altersvorsorgevertrag a contract giving a right to a loan, the loan contract itself, and a contract combining a savings limb under Abs. 1 with a loan limb, the two counting as “einheitlicher Vertrag”. Two conditions the library did not carry: the loan “ist für eine wohnungswirtschaftliche Verwendung im Sinne des § 92a Abs. 1 Satz 1 des Einkommensteuergesetzes einzusetzen” and “ist spätestens bis zur Vollendung des 68. Lebensjahres des Vertragspartners zu tilgen”, and the five-year cost-spreading rule of Abs. 1 Satz 1 Nr. 8 applies to it as well. So “Riester” in German usage does cover a mortgage, and the delib documents must say which of the four chassis they represent
R4 — AltZertG §§ 7 to 7c, the Produktinformationsblatt and the Chancen-Risiko-Klassen#
Publisher: Gesetze im Internet
URL: https://www.gesetze-im-internet.de/altzertg/__7.html — text read from the canonical XML
Retrieved: yes (canonical XML, Stand: zuletzt geändert durch Art. 5 G v. 25.10.2023 I Nr. 294, with amendments by Art. 5, 6 and 7 G v. 26.5.2026 I Nr. 156 textually noted but not yet fully consolidated, read 2026-08-30)
Used for: the disclosure regime in the product spec’s charges and regulatory sections. One attribution in this entry was wrong and is corrected here: the word Effektivkosten does not appear anywhere in the AltZertG. The statute requires (§ 7 Abs. 1 Satz 2) the Zertifizierungsnummer (Nr. 3), “die auf Wahrscheinlichkeitsrechnungen beruhende Einordnung in Chancen-Risiko-Klassen” (Nr. 7), “eine Aufstellung der Kosten nach § 2a Satz 1 Nummer 1 Buchstabe a bis f sowie § 2a Satz 1 Nummer 2 Buchstabe a bis c, getrennt für jeden Gliederungspunkt” (Nr. 9) and “Angaben zum Preis-Leistungs-Verhältnis” (Nr. 10). The Effektivkosten are defined one level down, in AltvPIBV § 8 Nr. 3 — see R5, which both product documents now cite for that term instead of this entry. Also read here:
a real sanction the library did not carry, § 7 Abs. 1 Satz 2 Nr. 9 third sentence: “Kosten nach § 2a Satz 1, die im individuellen Produktinformationsblatt nicht ausgewiesen sind oder auf die nicht hingewiesen wurde, sind vom Vertragspartner nicht geschuldet” — so on a certified contract disclosure is constitutive of the charge, which is a stronger statement than “disclosed rather than capped”;
§ 7 Abs. 2, which displaces the VVG-InfoV product sheet and forbids a § 154 VVG Modellrechnung for a certified contract;
§ 7 Abs. 3, a two-year right of Rücktritt where the sheet was defective, on repayment of at least contributions and Zulagen with statutory interest;
§ 7 Abs. 4, the Muster-Produktinformationsblatt for assumed terms of 12, 20, 30 and 40 years — which is what all four retrieved sheets [S14] are;
and § 7a, § 7b and § 7c, the annual information duty, the information due before the payout phase (no later than three months before, with a shortened right of transfer where it is late) and the cost-change duty
The claim that a 100 %-guaranteed product sits at the low-risk end of the CRK scale by construction is contradicted by a retrieved sheet and is withdrawn from the product documents — see [S9]
R5 — AltvPIBV, the Verordnung zum Produktinformationsblatt und zu weiteren Informationspflichten bei zertifizierten Altersvorsorge- und Basisrentenverträgen#
Publisher: Gesetze im Internet
URL: https://www.gesetze-im-internet.de/altvpibv/ (canonical XML at https://www.gesetze-im-internet.de/altvpibv/xml.zip)
Retrieved: yes (canonical XML, 19 sections, Stand: zuletzt geändert durch Art. 2 Abs. 1 V v. 12.11.2021 I 4921, read 2026-08-30)
Used for: the proposition that the form of the sheet is prescribed by regulation — now read, and it delivers more than the library expected of it.
The Effektivkosten are defined here, not in the statute (§ 8 Nr. 3): “die Minderung der Wertentwicklung des Vertrags bis zum Beginn der Auszahlungsphase durch Kosten in Prozentpunkten (Effektivkosten)”. § 10 Abs. 5 adds “Bei der Berechnung der Effektivkosten sind alle für den Vertrag anfallenden Kosten zu berücksichtigen. Die Produktinformationsstelle Altersvorsorge gibt die Methodik für die Berechnung der Effektivkosten vor.” So the definition and the scenarios are public and the methodology is not.
§ 9 Abs. 3 closes gap 6. “Bei der Berechnung ist zu unterstellen, dass die Zulagen jeweils am 15. Mai nach dem Beitragsjahr dem Vertrag gutgeschrieben werden.” The library recorded that neither the payment month nor any convention for it was established and carried the one-year cash lag as a bare std. There is a prescribed convention, it is in the year following the contribution year, and the model’s one-year lag is the annual-grid expression of it.
§ 14 Abs. 1 gives the model case, and it is the composite’s own: terms of 12, 20, 30 and 40 years beginning 1 January; “ein Beginn der Auszahlungsphase mit Vollendung des 67. Lebensjahres”; and a monthly contribution of one twelfth of (1 200 € − Grundzulage), rounded — which at a 175 € Grundzulage is the 85,00 € a month the Union Investment sheets show [S9]. The product spec’s representative Rentenbeginn at attained age 67, previously std on an
[unverified]appeal to German practice, is the regulation’s own model assumption.§ 10 Abs. 1 and 2 give the return scenarios, by CRK: 2 / 3 / 4 / 5 / 6 % before costs for CRK 1 to 5 for the Effektivkosten line, and four-scenario sets per class (CRK 2: 0,5 / 2 / 3 / 4 %) for the capital and benefit projections. These are public, so the library’s statement that reproducing the sheet needs a non-public scenario set is too broad: what is not public is the PIA’s classification simulation (AltZertG § 3 Abs. 2 Satz 2) and the Effektivkosten methodology, not the disclosed scenarios.
§ 5 confirms the CRK scale — 1 to 5, “wobei CRK 1 die niedrigste und CRK 5 die höchste Chancen-Risiko-Klasse darstellt” — determined separately for each of the four terms, with the sheet showing the class for the band the planned term falls in
R6 — EStG § 10a, the Sonderausgabenabzug and the Günstigerprüfung#
Publisher: Gesetze im Internet
URL: https://www.gesetze-im-internet.de/estg/__10a.html — the human-facing per-section page; text and Stand read from the canonical XML at https://www.gesetze-im-internet.de/estg/xml.zip
Retrieved: yes (canonical XML, Stand: zuletzt geändert durch Art. 7 G v. 29.6.2026 I Nr. 197, read 2026-08-30)
Used for: the second subsidy route, now read. § 10a Abs. 1 Satz 1: persons compulsorily insured in the domestic statutory pension insurance “können Altersvorsorgebeiträge (§ 82) zuzüglich der dafür nach Abschnitt XI zustehenden Zulage jährlich bis zu 2 100 Euro als Sonderausgaben abziehen”, the list of assimilated groups following in Nrn. 1–5. The 2 100 € ceiling and the together-with-the-Zulagen construction are confirmed; the claim that it has not been raised since 2008 is a historical statement the consolidated text cannot support and keeps its
[unverified]tag. The Günstigerprüfung is § 10a Abs. 2 and works as the library described, by the route the library did not state: where the deduction is the better outcome, “erhöht sich die unter Berücksichtigung des Sonderausgabenabzugs ermittelte tarifliche Einkommensteuer um den Anspruch auf Zulage” — the Zulage is added back, so the saver keeps the larger of the two and not their sum — and “Die Günstigerprüfung wird von Amts wegen vorgenommen.” Two refinements the library did not carry: the Berufseinsteiger-Bonus is left out of the comparison (Abs. 1 Satz 5), and where one spouse is only mittelbar eligible the deducting spouse counts both spouses’ contributions and Zulagen and the ceiling rises by 60 Euro to 2 160 € (Abs. 3 Sätze 2–4). The proposition that a mittelbar eligible spouse has no deduction of their own is confirmed by that same provision. The technical notes cite it for why the model has no cells for any of this: only the Zulage reaches the policy, and the § 10a advantage is a personal tax refund (pitfall 5)
R7 — EStG § 79 with § 10a Abs. 1, who is zulageberechtigt#
Publisher: Gesetze im Internet
URL: https://www.gesetze-im-internet.de/estg/__79.html — the human-facing per-section page; text and Stand read from the canonical XML at https://www.gesetze-im-internet.de/estg/xml.zip
Retrieved: yes (canonical XML, Stand: zuletzt geändert durch Art. 7 G v. 29.6.2026 I Nr. 197, read 2026-08-30)
Used for: the eligibility rule that decides whether a model point can hold this contract at all. One structural correction: § 79 itself contains no list. Satz 1 says only “Die in § 10a Absatz 1 genannten Personen haben Anspruch auf eine Altersvorsorgezulage”, so the unmittelbar list lives in § 10a Abs. 1 and both product documents now cite the pair. Read there, the list is compulsory members of the domestic statutory pension insurance, plus recipients of Besoldung and Amtsbezüge, certain insurance-free and exempted employees with an equivalent Versorgungsrecht, Beamte on unpaid leave, and (Satz 3) Landwirte and persons in an Anrechnungszeit; recipients of Arbeitslosengeld, parents in Kindererziehungszeiten and geringfügig Beschäftigte who did not opt out reach the list through the compulsory-insurance limb rather than by name. Full Erwerbsminderungs- and Dienstunfähigkeitsrentner come in through § 10a Abs. 1 Satz 4, with two qualifications the library did not carry: they must have belonged to a favoured group immediately before the benefit, and “dies gilt nicht, wenn der Steuerpflichtige das 67. Lebensjahr vollendet hat”. The mittelbar limb is § 79 Satz 2 and is confirmed exactly as model point 5 uses it — no permanent separation, EU/EEA residence, “ein auf den Namen des anderen Ehegatten lautender Altersvorsorgevertrag besteht”, “mindestens 60 Euro geleistet” in the contribution year, and the payout phase of that contract not yet begun. The exclusion of the self-employed outside compulsory insurance and of Versorgungswerk members follows from the list being closed, which is why delib carries
basisrenteas a separate product. That eligibility is annual follows from § 88, which makes the claim arise “mit Ablauf des Kalenderjahres, in dem die Altersvorsorgebeiträge geleistet worden sind (Beitragsjahr)”
R8 — EStG §§ 82 and 83, Altersvorsorgebeiträge and the Altersvorsorgezulage#
Publisher: Gesetze im Internet
URL: https://www.gesetze-im-internet.de/estg/__82.html — the human-facing per-section page; text and Stand read from the canonical XML at https://www.gesetze-im-internet.de/estg/xml.zip
Retrieved: yes (canonical XML, Stand: zuletzt geändert durch Art. 7 G v. 29.6.2026 I Nr. 197, read 2026-08-30)
Used for: the definitional claim the whole reporting design rests on — the Zulage is a contribution, not a benefit. The claim stands, but these two sections are not where it is established, and both product documents now cite the right provisions. § 82 Abs. 1 defines geförderte Altersvorsorgebeiträge as “1. Beiträge, 2. Tilgungsleistungen, die der Zulageberechtigte … zugunsten eines auf seinen Namen lautenden Vertrags leistet” — i.e. what the saver pays, which on its face does not include the Zulage — and § 83 says only that a Zulage “in Abhängigkeit von den geleisteten Altersvorsorgebeiträgen” is paid and is made up of Grundzulage and Kinderzulage. What makes the Zulage a contract cash flow is § 90 Abs. 2 R11: the ZfA has it paid to the provider, and “Der Anbieter hat die erhaltenen Zulagen unverzüglich den begünstigten Verträgen gutzuschreiben”. What makes it count toward the guarantee is the contract wording, not the statute [S2] [S4] [S6]. § 82 does confirm the Wohn-Riester limb — Tilgungsleistungen count as subsidised contributions where the loan was used for a post-2007 wohnungswirtschaftliche Verwendung.
zulagentherefore remains a separate positive income column ofresult_cf(), never folded intopremiums(pitfall 4)
R9 — EStG § 84 (Grundzulage, Berufseinsteiger-Bonus) and § 85 (Kinderzulage)#
Publisher: Gesetze im Internet
URL: https://www.gesetze-im-internet.de/estg/__84.html — the human-facing per-section page; text and Stand read from the canonical XML at https://www.gesetze-im-internet.de/estg/xml.zip
Retrieved: yes (canonical XML, Stand: zuletzt geändert durch Art. 7 G v. 29.6.2026 I Nr. 197, read 2026-08-30)
Used for: every Zulage amount in the model — Grundzulage 175,00 € from contribution year 2018 (154,00 € 2008–2017, phased in from 38,00 €); the once-in-a-lifetime 200,00 € Berufseinsteiger-Bonus for a saver under 25, which is model point 6; and the 185,00 € / 300,00 € Kinderzulage split by whether the child was born before or from 1 January 2008. That split is a permanent birth-cohort rule rather than a transition, so a contract can draw both rates at once — model point 3, at 175 + 185 + 300 = 660,00 € — which is pitfall 6. Also for the fact that the Kinderzulage runs only while Kindergeld is drawn, which makes the Zulage stream a falling step function driven by a household variable the insurance contract does not observe, and hence why
zulage_schedule.csvis an exogenous per-model-point schedule. Every current amount is now read and every one is confirmed. § 84 Satz 1: “Jeder Zulageberechtigte erhält eine Grundzulage; diese beträgt ab dem Beitragsjahr 2018 jährlich 175 Euro.” Satz 2: the Berufseinsteiger-Bonus, for those “die zu Beginn des Beitragsjahres (§ 88) das 25. Lebensjahr noch nicht vollendet haben, erhöht sich die Grundzulage nach Satz 1 um einmalig 200 Euro”, granted for the first contribution year beginning after 31 December 2007 for which a Zulage is claimed. § 85 Abs. 1: “Die Kinderzulage beträgt für jedes Kind, für das gegenüber dem Zulageberechtigten Kindergeld festgesetzt wird, jährlich 185 Euro. Für ein nach dem 31. Dezember 2007 geborenes Kind erhöht sich die Kinderzulage nach Satz 1 auf 300 Euro.” The Kindergeld link is confirmed, as is the attribution rule (§ 85 Abs. 2 — to the mother, or on a joint application to the father, for married opposite-sex parents; to the Kindergeld recipient for same-sex couples). What remains[unverified]is the history: the consolidated text carries only the current rates, so the 154,00 € rate for 2008–2017 and the 38,00 / 76,00 / 114,00 € and 46,00 / 92,00 / 138,00 € phase-in steps are not confirmed by it and keep their tags
R10 — EStG §§ 86 and 87 (Mindesteigenbeitrag, Sockelbeitrag)#
Publisher: Gesetze im Internet
URL: https://www.gesetze-im-internet.de/estg/__86.html — the human-facing per-section page; text and Stand read from the canonical XML at https://www.gesetze-im-internet.de/estg/xml.zip
Retrieved: yes (canonical XML, Stand: zuletzt geändert durch Art. 7 G v. 29.6.2026 I Nr. 197, read 2026-08-30)
Used for: the contribution engine
M(t) = max(60, min(0.04 × Y(t), 2 100) − Z*(t)). The whole formula is now read and every input is confirmed. § 86 Abs. 1 Satz 2: the Mindesteigenbeitrag “beträgt jährlich 4 Prozent der Summe der in dem dem Kalenderjahr vorangegangenen Kalenderjahr … erzielten beitragspflichtigen Einnahmen …, jedoch nicht mehr als der in § 10a Absatz 1 Satz 1 genannte Höchstbetrag [2 100 €], vermindert um die Zulage nach den §§ 84 und 85”; Satz 4, “Als Sockelbetrag sind ab dem Jahr 2005 jährlich 60 Euro zu leisten”; Satz 5, the Sockelbetrag applies where it exceeds the Satz 2 amount, which is themax(60, …); and Satz 6, the sentence that decides the whole behavioural design: “Die Kürzung der Zulage ermittelt sich nach dem Verhältnis der Altersvorsorgebeiträge zum Mindesteigenbeitrag.” The Kürzung is proportional, not a cliff — model point 7 and pitfall 3 — and the base is the previous calendar year’s income, the first of the model’s two lags (pitfall 1). Two further rules the library did not carry: where the spouse is mittelbar eligible the minimum is computed “unter Berücksichtigung der den Ehegatten insgesamt zustehenden Zulagen” (Abs. 1 Satz 2 second half, Abs. 2 Satz 1), and a non-commercial carer’s income counts as 0 Euro (Abs. 2 Satz 3). § 87 caps the subsidy at two contracts per unmittelbar eligible saver, splitting the Zulage in proportion to the contributions paid to them, and allows a mittelbar eligible spouse only one. The product spec’s worked cases, including the 60,00 €-for-775,00 € leverage that model point 4 reproduces, are arithmetic on this text
R11 — EStG §§ 89 to 91, and the Zentrale Zulagenstelle für Altersvermögen (ZfA)#
Publisher: Gesetze im Internet; Deutsche Rentenversicherung Bund
URL: https://www.gesetze-im-internet.de/estg/__89.html — the human-facing per-section page; text and Stand read from the canonical XML at https://www.gesetze-im-internet.de/estg/xml.zip
Retrieved: yes (canonical XML, Stand: zuletzt geändert durch Art. 7 G v. 29.6.2026 I Nr. 197, read 2026-08-30)
Used for: the model’s timing, now read end to end, and gap 6 is largely closed — partly here and partly at R5.
§ 89 Abs. 1: the saver applies on an official form through the provider “bis zum Ablauf des zweiten Kalenderjahres, das auf das Beitragsjahr (§ 88) folgt”; Abs. 1a is the Dauerzulageantrag, a written authority to the provider to claim for every contribution year, revocable to the end of a contribution year.
§ 89 Abs. 2 Satz 2 and Abs. 3: the provider transmits the data of applications received in a quarter “bis zum Ende des folgenden Monats”, and under a Dauerzulageantrag “bis zum Ablauf des auf das Beitragsjahr folgenden Kalenderjahres”. So the entitlement for year
tcannot normally reach the contract before yeart + 1, which is the second of the model’s two lags, and the AltvPIBV’s own 15 May of yeart + 1convention R5 fixes the month for disclosure purposes.zulage_pp(t) = zulage_granted_pp(t − 1)is therefore no longer a bare std; only the exact within-year timing on an annual grid is.§ 90 Abs. 1 and 2: the central body determines entitlement and “veranlasst die Auszahlung an den Anbieter …; Der Anbieter hat die erhaltenen Zulagen unverzüglich den begünstigten Verträgen gutzuschreiben.” No separate decision is issued unless asked for. This is the provision that makes the Zulage a contract cash flow R8.
§ 90 Abs. 3: the credit is indeed provisional. The central body may recognise up to “das Ende des zweiten auf die Ermittlung der Zulage folgenden Jahres” that entitlement did not exist, must reclaim within a year of doing so, “Bei bestehendem Vertragsverhältnis hat der Anbieter das Konto zu belasten”, and the provider remits the quarter’s reclaims “bis zum zehnten Tag des dem Kalendervierteljahr folgenden Monats”. The reversal frequency the library recorded as unestablished is quarterly; what remains unestablished is the rate at which reversals occur, which is an experience quantity and not a statutory one (gap 16).
§ 91 is the data match itself, against the pension insurers, the landwirtschaftliche Alterskasse, the Bundesagentur für Arbeit, the registration authorities, the Familienkassen and the tax offices. The
zulage_init_ppcolumn still exists only because an in-force point opens owing one Zulage, and the ZfA administration still sits inside the per-policy maintenance expense
R12 — EStG § 22 Nr. 5, the taxation of the benefit#
Publisher: Gesetze im Internet
URL: https://www.gesetze-im-internet.de/estg/__22.html — the human-facing per-section page; text and Stand read from the canonical XML at https://www.gesetze-im-internet.de/estg/xml.zip
Retrieved: yes (canonical XML, Stand: zuletzt geändert durch Art. 7 G v. 29.6.2026 I Nr. 197, read 2026-08-30)
Used for: the nachgelagerte Besteuerung rule that makes this a Schicht-2 product, now read. § 22 Nr. 5 Satz 1 brings “Leistungen aus Altersvorsorgeverträgen, Pensionsfonds, Pensionskassen und Direktversicherungen” into sonstige Einkünfte in full; Satz 2 carves out only the part not resting on § 10a / Abschnitt XI contributions or on Zulagen, and sends it to the Ertragsanteil for a lifelong annuity (Buchst. a, via Nr. 1 Satz 3 Buchst. a REG-R41) or to § 20 Abs. 1 Nr. 6 for other insurance benefits (Buchst. b REG-R45). The two pools —
pool_gefoerdert_ppbesidepool_ungefoerdert_pp, model point 8 — are exactly this Satz 1 / Satz 2 division. Satz 3 confirms the schädliche Verwendung treatment: the capital paid out counts as a Satz 2 benefit “nach Abzug der Zulagen”, so the Zulagen are repaid and the growth on the subsidised part is taxed. One correction: the Leistungsmitteilung is not annual. Satz 7 requires it “Bei erstmaligem Bezug von Leistungen, in den Fällen des § 93 Absatz 1 sowie bei Änderung der im Kalenderjahr auszuzahlenden Leistung”, after the end of the calendar year, with the Satz 1 to 3 amounts stated “je gesondert”. The product documents said “annual” and now say what the statute says. Satz 13 carries the Fünftelregelung limb — “Für Leistungen aus Altersvorsorgeverträgen nach § 93 Absatz 3 ist § 34 Absatz 1 entsprechend anzuwenden” — and, because it names only § 93 Abs. 3, it confirms by exclusion that the 30 % Teilkapitalauszahlung gets no such relief R15
R13 — EStG §§ 92a and 92b, Wohn-Riester and the Wohnförderkonto#
Publisher: Gesetze im Internet
URL: https://www.gesetze-im-internet.de/estg/__92a.html — the human-facing per-section page; text and Stand read from the canonical XML at https://www.gesetze-im-internet.de/estg/xml.zip
Retrieved: yes (canonical XML, Stand: zuletzt geändert durch Art. 7 G v. 29.6.2026 I Nr. 197, read 2026-08-30)
Used for: the informed exclusion of Wohn-Riester from the model. § 92a Abs. 1 Satz 1 confirms the Altersvorsorge-Eigenheimbetrag and adds the threshold the library did not carry: the capital may be taken in full, or in part provided “das verbleibende geförderte Restkapital mindestens 3 000 Euro beträgt” and the amount withdrawn is itself at least 3 000 € (20 000 €, or 6 000 € within three years of acquisition, for a conversion or energy refurbishment). That is the same figure the CosmosDirekt wording cites at its § 10 [S4]. § 93 Abs. 1 Satz 4 Buchst. d confirms that no repayment obligation attaches to it. The Wohnförderkonto remains what the documents say it is — a notional account carrying no cash whatsoever — and the exclusion stands: there is no liability and no cash flow to project, while from the insurer’s side an Eigenheimbetrag is an early full-value exit, which the model does not implement and says so. One consequence now readable in the wordings: the Beitragserhaltungsgarantie is reduced by an Eigenheimbetrag withdrawal [S2] [S4]
R14 — EStG §§ 93, 94 and 95, schädliche Verwendung and its consequences#
Publisher: Gesetze im Internet
URL: https://www.gesetze-im-internet.de/estg/__93.html — the human-facing per-section page; text and Stand read from the canonical XML at https://www.gesetze-im-internet.de/estg/xml.zip
Retrieved: yes (canonical XML, Stand: zuletzt geändert durch Art. 7 G v. 29.6.2026 I Nr. 197, read 2026-08-30)
Used for: the reason a Riester surrender is not an ordinary surrender, now read. § 93 Abs. 1 Satz 1 defines the Rückzahlungsbetrag as “die auf das ausgezahlte geförderte Altersvorsorgevermögen entfallenden Zulagen und die nach § 10a Absatz 4 gesondert festgestellten Beträge” — all Zulagen and all § 10a relief, exactly as the documents state — and § 22 Nr. 5 Satz 3 taxes the growth on the subsidised part R12. That is the argument behind a
lapse_rateset materially below a Schicht-3 one. The förderunschädliche list from which the model’s option set is built is confirmed: transfer to another certified contract in the saver’s own name (Abs. 2 Satz 1), internal or external division on a Versorgungsausgleich (Abs. 1a), the Eigenheimbetrag (Abs. 1 Satz 4 Buchst. d), the Kleinbetragsrenten-Abfindung (Abs. 3), a Hinterbliebenenrente to the persons named in AltZertG § 1 Abs. 1 Satz 1 Nr. 2 (Abs. 1 Satz 4 Buchst. a), and transfer on death to a surviving spouse’s own certified contract on the conditions of Abs. 1 Satz 4 Buchst. c. § 94 confirms the withholding mechanic and so the gross-publication convention (pitfall 18): the provider notifies the ZfA before paying, the ZfA computes the amount, and “Der Anbieter hat den Rückzahlungsbetrag einzubehalten, mit der nächsten Anmeldung nach § 90 Absatz 3 anzumelden und an die zentrale Stelle abzuführen” — a tax collection through the insurer, not a reduction in the insurer’s obligation. § 95 closes gap 15: “Die §§ 93 und 94 gelten entsprechend, wenn sich der Wohnsitz oder gewöhnliche Aufenthalt des Zulageberechtigten ab Beginn der Auszahlungsphase außerhalb der Mitgliedstaaten der Europäischen Union und der Staaten befindet, auf die das Abkommen über den Europäischen Wirtschaftsraum anwendbar ist”. So the emigration rule survives, but it bites only from the start of the payout phase and only outside the EU/EEA; the historic version that triggered on the end of unlimited tax liability is gone from the text, and the documents no longer say the current rule is unknown
R15 — EStG § 93 Abs. 3 with SGB IV § 18, the Kleinbetragsrente; EStG § 34, the Fünftelregelung#
Publisher: Gesetze im Internet
URL: https://www.gesetze-im-internet.de/estg/__93.html — the human-facing per-section page; text and Stand read from the canonical XML at https://www.gesetze-im-internet.de/estg/xml.zip
Retrieved: yes (canonical XML, Stand: zuletzt geändert durch Art. 7 G v. 29.6.2026 I Nr. 197, read 2026-08-30)
Used for: the commutation the model computes rather than assumes. This entry carries the pass’s flat contradiction, and it is a rate the model implements. The documents recorded two irreconcilable readings of the trigger — 1 % of the monthly Bezugsgröße against 1,5 % — and chose the 1 % reading. The statute has one reading, and it is the other one. § 93 Abs. 3 Satz 2 Nr. 1: “Eine Kleinbetragsrente ist 1. eine Rente, die bei gleichmäßiger Verrentung des gesamten zu Beginn der Auszahlungsphase zur Verfügung stehenden Kapitals eine monatliche Rente ergibt, die 1,5 Prozent der monatlichen Bezugsgröße nach § 18 des Vierten Buches Sozialgesetzbuch nicht übersteigt”. On the same 3 955,00 € monthly Bezugsgröße the library uses — a figure itself still
[unverified], SGB IV not being among the cached instruments — the threshold is 59,33 €, not 39,55 €. Satz 3 confirms the aggregation rule: “Bei der Berechnung dieses Betrags sind alle bei einem Anbieter bestehenden Verträge des Zulageberechtigten insgesamt zu berücksichtigen”. Satz 1 confirms that an Abfindung at the start of the payout phase is not schädliche Verwendung, so no subsidy is repaid. The Fünftelregelung runs through § 22 Nr. 5 Satz 13 to § 34 Abs. 1 R12, and the deferral election is in AltZertG § 1 Abs. 1 Satz 1 Nr. 4 Buchst. a — four weeks from the provider’s notice to require payment on 1 January of the following year — and is drafted into the model wording at [S2]. What the statute does not settle, and gap 7 still records: whether the test is applied before or after an elected Teilkapitalauszahlung. The GDV model wording does settle it, against the composite — see [S2]. Whether commutation is the provider’s right is likewise settled by the wordings, in the composite’s favour: “können wir die Rente … abfinden” [S2], “kann die Leistung in Form einer einmaligen Kapitalabfindung erfolgen” [S4]
R16 — EStG § 97 (Übertragbarkeit), with ZPO §§ 851 and 851c for the execution limb#
Publisher: Gesetze im Internet
URL: https://www.gesetze-im-internet.de/estg/__97.html — the human-facing per-section page; text and Stand read from the canonical XML at https://www.gesetze-im-internet.de/estg/xml.zip
Retrieved: yes (canonical XML, Stand: zuletzt geändert durch Art. 7 G v. 29.6.2026 I Nr. 197, read 2026-08-30)
Used for: two behavioural propositions in the technical notes. The first is confirmed and the second was mis-cited. § 97 is two sentences and says only: “Das nach § 10a oder Abschnitt XI geförderte Altersvorsorgevermögen einschließlich seiner Erträge, die geförderten laufenden Altersvorsorgebeiträge und der Anspruch auf die Zulage sind nicht übertragbar.” There is no Pfändungsschutz in § 97. The protection from attachment is a consequence, not a provision: ZPO § 851 Abs. 1 (canonical XML, Stand: zuletzt geändert Art. 2 G v. 22.12.2025 I Nr. 349, read 2026-08-30) provides that “Eine Forderung ist in Ermangelung besonderer Vorschriften der Pfändung nur insoweit unterworfen, als sie übertragbar ist”, so § 97’s non-transferability carries the execution protection with it. The separate ZPO § 851c route REG-R40 is not available to a contract of this shape, since its Nr. 4 requires that “die Zahlung einer Kapitalleistung … nicht vereinbart wurde” and a Riester contract with a Teilkapitalauszahlung has agreed one. That the capital cannot be pledged as loan collateral is separately drafted into the carrier wording — “Die Abtretung von Forderungen und Rechten aus dem Versicherungsvertrag sowie seine Verpfändung sind ausgeschlossen” [S4]. Both limbs feed the argument for a low
lapse_rateand for Beitragsfreistellung being the characteristic exit
R17 — Altersvermögensgesetz (AVmG) and Altersvermögensergänzungsgesetz (AVmEG), 2001#
Publisher: Bundesgesetzblatt / Gesetze im Internet
URL: not established — the Bundesgesetzblatt text of the amending act was not located in this pass; what a consolidated statute shows is the result of the amendment, not the act
Retrieved: no — the act itself was not opened. The entry is kept as a known reference for the legislative history, and the propositions it supports are marked below according to whether a retrieved consolidated text evidences them
Used for: the founding statutes in the product spec’s market-role section — that the same reform reduced the future replacement rate of the statutory pension and created a subsidised private product to fill the gap, which is the whole political logic of the product; and for the two-step phase-in of the Mindesteigenbeitrag percentage (1 % / 2 % / 3 % / 4 %) and of the Zulagen to 2008. All of that stays
[unverified]. The consolidated texts retrieved in this pass carry only the end state — 4 % and the current Zulagen R9 R10 — and the AltZertG’s own Ausfertigung date of 26 June 2001 is the one datum from the period that is now read
R18 — Alterseinkünftegesetz (AltEinkG), 2004#
Publisher: Bundesgesetzblatt / Gesetze im Internet
URL: not established — the Bundesgesetzblatt text of the amending act was not located in this pass; what a consolidated statute shows is the result of the amendment, not the act
Retrieved: no — the act itself was not opened. The entry is kept as a known reference for the legislative history, and the propositions it supports are marked below according to whether a retrieved consolidated text evidences them
Used for: the three-layer taxonomy every delib scope note uses — Schicht 1 Basisversorgung, Schicht 2 Zusatzversorgung, Schicht 3 Kapitalanlageprodukte — and for the placing of this contract in Schicht 2: relieved on the way in and taxed in full on the way out, alongside the betriebliche Altersversorgung, which is what distinguishes it from
klassische_rentenversicherungon the same chassis. The taxonomy is a description of the statute rather than a term in it; the placement of this contract in Schicht 2 is directly evidenced by EStG § 22 Nr. 5 R12, which was retrieved. The 2004 act itself was not
R19 — Eigenheimrentengesetz (EigRentG), 2008#
Publisher: Bundesgesetzblatt / Gesetze im Internet
URL: not established — the Bundesgesetzblatt text of the amending act was not located in this pass; what a consolidated statute shows is the result of the amendment, not the act
Retrieved: no — the act itself was not opened. The entry is kept as a known reference for the legislative history, and the propositions it supports are marked below according to whether a retrieved consolidated text evidences them
Used for: the creation of Wohn-Riester R13 and of the certifiable loan R3, and for the 300 € Kinderzulage rate for children born from 2008 that produces the permanent two-rate split R9; and, in the product spec’s market section, for the warning that a material minority of “Riester contracts” in an official count are housing contracts that will never pay an annuity. The substance is now evidenced by the consolidated texts and the attribution to this act is not: EStG § 85 Abs. 1 Satz 2 carries the 300 € rate for a child born after 31 December 2007, EStG § 92a the Eigenheimbetrag and AltZertG § 1 Abs. 1a the certifiable loan, all retrieved; that this act introduced them is
[unverified]
R20 — Altersvorsorge-Verbesserungsgesetz (AltvVerbG), 2013#
Publisher: Bundesgesetzblatt / Gesetze im Internet
URL: not established — the Bundesgesetzblatt text of the amending act was not located in this pass; what a consolidated statute shows is the result of the amendment, not the act
Retrieved: no — the act itself was not opened. The entry is kept as a known reference for the legislative history, and the propositions it supports are marked below according to whether a retrieved consolidated text evidences them
Used for: the administrative reform — the standardised Produktinformationsblatt R4 R5 [S14]; the cap on the provider’s charge for a Wechsel; and the 60 € Sockelbeitrag for a mittelbar eligible spouse, the rule model point 5 sits on. All three are now evidenced in the consolidated texts, and gap 8 closes there: the ceiling is 150 Euro, AltZertG § 1 Abs. 1 Satz 3 R1, and the Sockelbeitrag is EStG § 79 Satz 2 Nr. 4 R7. AltZertG § 14 Abs. 6 dates the 2013 act’s main changes to first application on 1 January 2014 and is the one piece of this entry’s legislative history that a retrieved text supports
R21 — Betriebsrentenstärkungsgesetz (BRSG), 2017#
Publisher: Bundesgesetzblatt / Gesetze im Internet
URL: not established — the Bundesgesetzblatt text of the amending act was not located in this pass; what a consolidated statute shows is the result of the amendment, not the act
Retrieved: no — the act itself was not opened. The entry is kept as a known reference for the legislative history, and the propositions it supports are marked below according to whether a retrieved consolidated text evidences them
Used for: the last substantive Riester reform — the Grundzulage at 175 € from contribution year 2018 R9; the Kleinbetragsrenten-Abfindung under the Fünftelregelung with a deferral election R15; the Freibetrag in the Grundsicherung im Alter; and the removal of the double Krankenversicherung charge on a bAV-sourced Riester annuity. The first two are now read in the consolidated texts — EStG § 84 Satz 1 dates the 175 € rate to contribution year 2018, EStG § 22 Nr. 5 Satz 13 carries the § 34 Abs. 1 reference and AltZertG § 1 Abs. 1 Satz 1 Nr. 4 Buchst. a the four-week deferral election. The last two are not, neither SGB XII nor SGB V being read here, and they keep their tags. AltZertG § 14 Abs. 2c refers to the act of 17 August 2017 and is the only date this pass can attribute to it. The product spec’s reading of the set — every one a repair rather than an extension, none touching the Beitragsgarantie — is an inference from the four items and stays an inference
R22 — DeckRV § 2, the Höchstzinssatz (Höchstrechnungszins)#
Publisher: Gesetze im Internet
URL: https://www.gesetze-im-internet.de/deckrv_2016/__2.html — the human-facing per-section page; text and Stand read from the canonical XML at https://www.gesetze-im-internet.de/deckrv_2016/xml.zip
Retrieved: yes (canonical XML, Stand: zuletzt geändert durch Art. 1 V v. 19.7.2024 I Nr. 250, read 2026-08-30)
Used for: the rate that carries the whole of the product spec’s guarantee argument. The current value is read and one of the two is not. § 2 Abs. 1: “Bei Versicherungsverträgen mit Zinsgarantie, die auf Euro … lauten, wird der Höchstzinssatz für die Berechnung der Deckungsrückstellungen auf 1 Prozent festgesetzt.” The section is headed Höchstzinssatz, and it caps the rate for the Deckungsrückstellung, which is why the technical notes are right that it is a reserving cap and not a promise a policy must make REG-R14. The 0,25 % value for 2022–24 is not in the current text — a consolidated regulation carries only the rate in force — and it stays cited to the rate history at REG-R15; the amending instrument named in the Stand line, the Verordnung of 19 July 2024, is the one that set 1 %. § 2 Abs. 2 supplies a rule the notes rely on and had not cited: “Bei Versicherungsverträgen mit Zinsgarantie gilt der von einem Versicherungsunternehmen zum Zeitpunkt des Vertragsabschlusses verwendete Rechnungszins für die Berechnung der Deckungsrückstellung für die gesamte Laufzeit des Vertrages” — which is exactly why
rechnungszinsis a model point attribute and not a library constant. Two retrieved carrier wordings now supply real tariff rates under the cap: 1,25 % on a 01.15-vintage Riester tariff [S4] and 0,9 % on a 01.01.2025-vintage one [S6], the latter below the 1,00 % cap of its own vintage. § 4 Abs. 1 of the same regulation carries the Höchstzillmersatz: “Der Zillmersatz darf 25 Promille der Summe aller Prämien nicht überschreiten” REG-R16
R23 — Unisex pricing: the AltZertG rule and Test-Achats#
Publisher: Gesetze im Internet; Court of Justice of the European Union
URL: https://www.gesetze-im-internet.de/altzertg/__1.html for the AltZertG limb; no URL established for the judgment
Retrieved: partly. The AltZertG limb: yes (canonical XML, read 2026-08-30). The Test-Achats judgment: no — it was not located or opened in this pass
Used for: the rule that a Riester contract is priced unisex, so
sexis a reporting-only model point column that no rate may read. The statutory limb is now read: AltZertG § 1 Abs. 1 Satz 1 Nr. 2 requires “eine lebenslange und unabhängig vom Geschlecht berechnete Altersversorgung”, and both retrieved wordings implement it in terms — “Die vereinbarte Rente ist unabhängig vom Geschlecht berechnet” [S2], “die versicherte und unabhängig von Ihrem Geschlecht kalkulierte Rente” [S4] — while [S6] names a “unternehmenseigene geschlechtsunabhängige Sterbetafel”. The dates are not read and keep their tags: a consolidated statute shows the rule, never the date it entered, so 1 January 2006 for the AltZertG rule and 21 December 2012 for the general German market after Test-Achats (C-236/09) remain[unverified], as does the six-year gap the documents draw from them and the conclusion that a Riester Rentenfaktor is not comparable with a same-vintage Schicht-3 one for a male life
R24 — BMF Anwendungsschreiben on the tax treatment of subsidised private pensions#
Publisher: Bundesministerium der Finanzen
URL: not established — no BMF Anwendungsschreiben was located on the ministry’s own site in this pass
Retrieved: no — the document was not identified, so its date, reference number and content remain unestablished (gap 3). The entry is kept as a known reference
Used for: nothing substantive. It is cited once, in the product spec, to record where German practitioners actually find the consolidated administrative guidance — on the Günstigerprüfung, the two-pool tracking, the Rückzahlungsbetrag calculation and the Wohnförderkonto arithmetic. Its practical importance to this library has fallen sharply in this pass: the statutory provisions behind three of those four mechanics were retrieved and read directly R6 R12 R14, so the Anwendungsschreiben is now the place to check the administration of rules this library has otherwise seen, rather than the only place any of them could be checked
R25 — Riester contract statistics: BMAS quarterly series; GDV statistics#
Publisher: Bundesministerium für Arbeit und Soziales; Gesamtverband der Deutschen Versicherungswirtschaft
URL: not established — neither the BMAS quarterly series nor a GDV statistics page was located in this pass
Retrieved: no — neither series was identified or opened. The entry is kept as a known reference, and every market figure in the product documents keeps its
[unverified]tag (gap 2)Used for: the market section’s order-of-magnitude statements — the contract count and its split by chassis, the collapse of new business, and the large minority of the book that is beitragsfrei gestellt, which is the fact behind the technical notes’ decision to carry Beitragsfreistellung as a model-point switch and to warn that a book projection built from these model points needs a paid-up cohort weight. Every figure is
[unverified]recollection; neither series was retrieved, and there is no official statistic for the ruhende share at all (gap 2). This is the largest untouched gap left after this pass: the statutory and contractual halves of the product are now documented, the market half is not at all
R26 — Fokusgruppe private Altersvorsorge (2023) and the pAV-Reform / Altersvorsorgedepot debate#
Publisher: Bundesministerium der Finanzen (the working group); the federal government (the bill)
URL: not established for the Fokusgruppe report or the bill; the enacted amendments are visible in the consolidated statutes at https://www.gesetze-im-internet.de/altzertg/ and https://www.gesetze-im-internet.de/vvg_2008/
Retrieved: partly. The 2023 report and the 2024 draft bill: no — neither was located or opened. The 2026 legislation: yes, at one remove — the canonical XML of the AltZertG and the VVG was read on 2026-08-30 and both carry the amending act in their Stand lines
Used for: the product spec’s closing argument that every reform proposal begins with the 100 % Beitragsgarantie. The 2023 working group’s recommendations and the fate of the 2024 draft bill were not read and keep their
[unverified]tags. Gap 1 — “the position at the access date is not established” — is now largely closed, from the statutes themselves. The AltZertG Stand line names three amending articles, “Änderung durch Art. 5 / Art. 6 / Art. 7 G v. 26.5.2026 I Nr. 156, textlich nachgewiesen, dokumentarisch noch nicht abschließend bearbeitet”, and the VVG’s names “Zuletzt geändert durch Art. 12 G v. 26.5.2026 I Nr. 156” — one act of 26 May 2026, published in BGBl. I 2026 Nr. 156, amending both. Its content is visible in the text: AltZertG § 5 now grants certification “nach § 1 Absatz 3 in der ab dem 1. Januar 2027 geltenden Fassung” against “§ 1 Absatz 1, 1a, 1b, 1c oder 1d”, and EStG § 93 Abs. 3 Satz 2 Nr. 2 adds a Kleinbetragsrente limb for “eine monatliche Leistung ab dem 1. Januar 2027” under an Auszahlungsplan. So the reform is law, it takes effect on 1 January 2027, and it adds contract forms the present § 1 does not yet contain. Two cautions. The consolidation is incomplete — § 5 refers to paragraphs 1b, 1c and 1d that do not appear in the retrieved § 1 — so nothing may be asserted about what those new forms contain. And the amending act is identified here only by the Stand lines of the instruments it amends; the act’s own title was not read, so no delib document may name it
Cross-product references ([REG-R#])#
[REG-R#] tags resolve against the cross-product German reference library
references/regulatory-and-actuarial-references.md (its own R-numbering, R1–R56, frozen; research
provenance in _research/regulatory-actuarial.md). That page went through the same re-verification
as this one: its fifty-six entries now carry their own per-entry Retrieved: lines, the large
majority of them yes, and it records per entry what was read and what was corrected. The
statement it used to carry here — that every entry on it records Fetched: no — is withdrawn.
Entries cited by the Riester documents:
REG-R5 — VAG 2016, the statute and its Anlage 1: the supervisory frame the provider sits in, and the Sparte this contract is written in.
REG-R6 — VAG §§ 74–110 and § 40: the best-estimate-plus-risk-margin structure the published
liability_cffeeds, and the SFCR that reports it. Nothing here discounts.REG-R14 — DeckRV § 2: the Höchstrechnungszins as a cap on the reserving rate rather than on what a policy may guarantee — the distinction the model’s
rechnungszinsstd rests on.REG-R15 — the Höchstrechnungszins rate history and the Sechste Verordnung of 19 July 2024: the 0,25 % and 1,00 % values used with R22, and the 1,00 %
annuity_rechnungszins.REG-R16 — DeckRV § 4, Höchstzillmersätze: the ceiling the model’s initial commission is set at, and the German counterpart to the AltZertG’s five-year spreading rule.
REG-R17 — DeckRV § 5 Abs. 3, the Referenzzins and the Zinszusatzreserve: named in the valuation pointers as out of scope, and the reason
rechnungszinsis a model point attribute rather than a library constant.REG-R18 — MindZV: the statutory minimum allocation to the Rückstellung für Beitragsrückerstattung, which is the floor under the declared rate this model takes as an exogenous std scenario.
REG-R19 — RfBV: the collective RfB behind the same declared rate, and why a declared laufende Verzinsung is a management decision rather than an asset return.
REG-R20 — LVRG 2014: the commission and cost-disclosure reform that bounds the acquisition-charge and commission std levels.
REG-R22 — VVG 2008, Kapitel 5 and § 171: the contract law that governs a certified Riester insurance contract exactly as it governs a Schicht-3 one, subject to the AltZertG’s overrides.
REG-R24 — VVG § 153, Überschussbeteiligung and the hälftige participation in Bewertungsreserven: the basis of
bewres_pp()at Rentenbeginn.REG-R28 — VVG §§ 165–170: prämienfreie Versicherung (the statutory limb of Beitragsfreistellung), Kündigung, the Rückkaufswert and the agreed and appropriate Stornoabzug —
cv_ppandstornoabzug_rate, and the five-year-spreading floor under the surrender value which this model satisfies by construction.REG-R29 — VVG §§ 172–177: the Berufsunfähigkeitsversicherung whose premium creates the guarantee carve-out here and whose own liability lives in
berufsunfaehigkeit.REG-R31 — VVG §§ 6, 7 and 214 with the VVG-InfoV: the advice, information and cost-disclosure duties that sit alongside the AltZertG’s own R4.
REG-R32 — PRIIPs: the parallel European disclosure regime, named to distinguish it from the AltZertG sheet.
REG-R33 — the IDD as transposed: the distribution regime behind the commission assumption.
REG-R34 — Unisex: EuGH C-236/09 (Test-Achats) and the AGG — the general rule Riester preceded by six years R23.
REG-R35 — BaFin Merkblatt 01/2023 (VA), Wohlverhaltensaufsicht and angemessener Kundennutzen: the conduct lens a charge basis on a subsidised product is now read under.
REG-R36 — the BGH line of authority on German life contracts: the case law behind the surrender-value and Stornoabzug limbs.
REG-R38 — AltEinkG and the Drei-Schichten-Modell: the taxonomy R18 states, in the cross-product form every delib product uses.
REG-R40 — ZPO §§ 850b and 851c, Pfändungsschutz: the execution protection that, with R16, argues for a low surrender assumption.
REG-R41 — EStG § 22 Nr. 1 Satz 3 Buchst. a and § 55 EStDV: the Ertragsanteil the unsubsidised pool falls under, against the full taxation of the subsidised one R12.
REG-R42 — EStG § 10a and Abschnitt XI (§§ 79–99), the Riester subsidy machinery: the cross-product carrier of every figure in the subsidy chain — the Zulagen amounts, the 4 % / 2 100 € / 60 € arithmetic, the proportional Kürzung, the ZfA lag and the Kleinbetragsrente threshold — reported at one remove from the product-level R6 R9 R10 R11 R15.
REG-R43 — AltZertG, the BZSt, the AltvPIBV and the Produktinformationsstelle Altersvorsorge: the cross-product carrier of the certification criteria, the Beitragserhaltungszusage, the 30 % lump-sum cap, the five-year cost spreading and the 20 % biometric carve-out that
guar_carve_out_capimplements.REG-R44 — the Altersvorsorgereformgesetz 2026 and the Altersvorsorgedepot: the reform that closed this product to new business, and the source of the 1 January 2027 valuation date the whole model point table opens at.
REG-R45 — EStG § 20 Abs. 1 Nr. 6: the lump-sum tax rule the unsubsidised pool falls under, for contrast with § 22 Nr. 5.
REG-R46 — ErbStG and SGB V §§ 226, 229 and 240: contributions on an annuity in payment, and the Bezugsgröße-linked figures behind the two competing readings of the Kleinbetragsrente threshold.
REG-R47 — Rechnungsgrundlagen erster und zweiter Ordnung, and the DAV as owner of the tables: why the two best-estimate factors run in opposite directions (0.80 on the death basis, 1.15 on the annuity basis), and why no DAV table is redistributed here.
REG-R48 — DAV 2008 T: the death-benefit basis
mort_table_accum.csvis a std proxy for.REG-R49 — DAV 2004 R and DAV 2004 R-Bestand: the generational annuity basis
annuity_mort_table.csvis a std proxy for, and the reason a period-table proxy would understate a seventeen-year-deferred annuitisation.REG-R53 — the German life market in numbers: the region declared rates sat in during the mid-2020s, which is where the
basescenario’s 2,30 % comes from, and the statement that a declared laufende Verzinsung includes the Rechnungszins.REG-R54 — HGB §§ 341–341o, RechVersV and BerVersV: the statutory accounts these cash flows are not, named in the valuation pointers.
REG-R55 — IFRS 17: the other measurement frame the published cash flows feed, likewise out of scope here.
Provenance note#
Extraction details — one entry per source with an extended Content block, the mechanics sections
the product documents are written from, and the nineteen-item gaps-and-caveats register — live in
_research/riester_rente.md. That file is the citation ground truth for the S# and R# numbering
used here.
This paragraph was rewritten in the 2026-08-30 provenance pass and its predecessor is no longer
accurate. What follows is the state of the entries above after that pass. The retrieval-conditions
block at the head of this file has since been rewritten to match, so the two now agree; if they ever
disagree again, the per-entry Retrieved: lines are the record and the header is the summary.
What is now read. Of the 42 entries above, 26 carry Retrieved: yes and two more are part-retrieved; 14 remain Retrieved: no, in three groups — five Bundesgesetzblatt amending acts whose effect is visible in the consolidated statutes but whose own text was not opened R17–R21, seven documents that could not be located on their publisher’s own site [S5] [S7] [S8] [S11] [S12] [S13] [S16], and two where no single identifiable document exists to fetch R24 R25. The statutory half of the product is
documented end to end from canonical XML with the law’s Stand attached: AltZertG §§ 1, 1a, 2a, 3,
3a, 5, 7–7c and 14 R1–R4; the AltvPIBV R5; EStG §§ 10a, 22 Nr. 5, 79, 82–87, 89–95, 97 and
§ 34 R6–R16; DeckRV §§ 2 and 4 R22; and, from sibling instruments, VVG §§ 165 and 169 and
ZPO §§ 851 and 851c. The carrier half is no longer empty. Both GDV Musterbedingungen were
opened at “Stand: 21.07.2025” [S1] [S2]; a CosmosDirekt Riester AVB at edition LA 1005 A (01.15)
[S4]; a Debeka Riester AVB at edition B LV 94 (01.01.2025) [S6]; and four statutory
Produktinformationsblätter [S14], two of them carrying real Effektivkosten, real
Chancen-Risiko-Klassen and real Zertifizierungsnummern [S9].
What that changed. Gap 8 closes: the Wechsel charge is capped at 150 Euro and the notice period is three months to a quarter end R1 [S2]. Gap 14 closes: the Zulagen are a charge base, in the model wording and at three carriers, and acquisition cost on a Zulage is taken once at inflow [S2] [S4] [S6] [S9]. Gap 6 largely closes: the AltvPIBV prescribes crediting on 15 May of the year after the contribution year R5. Gap 15 closes: EStG § 95 bites from the start of the payout phase and only outside the EU/EEA R14. Gap 1 largely closes: an act of 26 May 2026, BGBl. I Nr. 156 amended the AltZertG and the VVG with effect from 1 January 2027 R26. Gap 9 is answered for one house: the two-Rentenfaktor construction with a higher-of rule is drafted into a 2025-vintage Riester wording [S6]. And gap 13 is answered on the disclosure side, though not on the tariff side.
What is still not established, and where the risk now sits. Charge levels remain std — one
carrier’s full numbered basis is now in hand [S4], but one observation is not a market, and the
model’s levels differ from it materially in both directions. No behavioural rate was established
— no Stornoquote, no Beitragsfreistellung rate, no transfer-out rate, no commutation take-up — so
every rate in that class is still an argument from the statutory consequences rather than from data
(gap 16). No market figure was established (gap 2): the BMAS and GDV series were not located, and
this is now the largest untouched gap in the corpus. Historic rates and dates keep their tags: a
consolidated statute shows the rule in force, never the sequence that produced it, so the Zulagen
phase-in R17, the 2006 unisex date R23 and the 0,25 % Höchstzinssatz regime R22 are all
[unverified] still. And the BMF Anwendungsschreiben was not identified (gap 3).
Two retrieved documents contradict this library and are flagged where they bite. The Kleinbetragsrente threshold is 1,5 % of the monthly Bezugsgröße, not 1 % R15. And the GDV model wording excludes commutation where the annuity falls to a Kleinbetragsrente only because of an elected Teilkapitalauszahlung, which is the opposite of the ordering the model implements [S2]. Both are recorded in the product documents and neither was applied to the model, which is a deliberate deferral, not an oversight.
The honest summary has changed. The statutory half of this product is no longer a set of hypotheses: it is read, quoted where quotation earns its place, and cited to a Stand. The carrier half is evidenced in structure and still standardized in level — the shapes of the guarantee, the death benefit, the charge base, the Wechsel and the commutation are now documented, while the numbers that fill them remain std with their rationale stated where each is used.