The draft provided for transforming the Pension Fund from a loan and financial institution into a non-profit organisation.
The draft also expanded the Fund’s functions. In particular, the Fund would now also grant, recalculate and pay state pensions. To improve the record-keeping of state pension recipients, a single federal data bank containing information on all pensioners would be set up and maintained.
Apart from regular financial control over the Fund’s activities exercised by the Audit Chamber, the draft stipulated an annual audit check.
Implementation of the draft law would not require additional allocations from the federal budget.