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Social security institutions; application for approval of investments
Social insurance institutions require the approval of the supervisory authorities for certain investments.
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Regierung von Oberbayern - Sachgebiet 12.2 - Kommunales Finanzwesen, Kommunale Förderungen; Oberversicherungsamt Südbayern
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Description
The supervisory authorities responsible for investments requiring approval and notification are generally the senior insurance offices.
Investments requiring approval include, in particular, the acquisition and leasing of land and land rights as well as the construction, extension and conversion of buildings above a certain limit, which is adjusted annually (as at financial year 2023: EUR 1 million). The senior insurance offices are responsible for approving such property investments if the estimated costs for a project do not exceed EUR 25,000,000. The Bavarian State Ministry of Health and Care (statutory health insurance and social long-term care insurance) or the Bavarian State Ministry of Family, Labor and Social Affairs (statutory pension and accident insurance) are responsible for projects exceeding EUR 25,000,000.
Furthermore, the social insurance institutions must notify the supervisory authority of their intention to
- to purchase, lease or rent data processing equipment and systems or to acquire an interest in such equipment and systems if this fundamentally changes the system concept of data processing; this applies accordingly to the procurement and, in the case of pension insurance institutions, also to the in-house development of data processing programs,
- to establish or acquire an institution, to acquire a stake in an institution or to increase a stake in an institution,
- to sell or dissolve an institution or to sell or transfer a participation in an institution in whole or in part.
Status: 07.05.2025
Editorially responsible for prodecure description: Bayerisches Staatsministerium für Familie, Arbeit und Soziales
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