An initiative representing independent dentists in Berlin is proposing a sweeping governance overhaul of the region’s pension fund, including converting it into a stock corporation (Aktiengesellschaft), according to IPE.
The proposal from the Initiative of Independent Dentists Berlin (IUZB) would transform the first-pillar pension fund structure and align it with German stock corporation law. Under the plan, the current supervisory committee would be replaced by a formal supervisory board, while the existing management committee would become an executive board.
The proposed general assembly would include 15 members — 12 dentists and three external experts serving as advisers — with responsibility for electing and appointing supervisory board members.
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The governance reform comes as Versorgungswerk der Zahnärztekammer Berlin (VZB), the pension fund for dentists in Berlin, Bremen and Brandenburg, seeks €82 million (C$132.6 million) in damages from auditing firm Baker Tilly and works to address reported losses of €1.1 billion (C$1.78 billion), IPE reported.
IUZB chair Gerhard Gneist told IPE the structure “must be professionalised,” with greater financial expertise embedded in oversight roles.
(Currency conversions at rate of €1 = C$1.61646 as of Feb. 17, 2026)