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Pension

Siemens Pension Trust

Corporate defined-benefit pension plan assets (funded via Contractual Trust Arrangement, primarily Siemens Pension-Trust e.V.)1 — Munich.

Overview

Siemens Pension Trust (chiefly Siemens Pension-Trust e.V., a Munich-based Contractual Trust Arrangement) holds the ring-fenced plan assets funding Siemens AG's worldwide defined-benefit pension obligations, reported at a fair value of €27.4 billion as of September 30, 2025 in Siemens' fiscal 2025 Annual Report.

Siemens Pension Trust's pension assets support retirement benefit obligations for plan participants.1

Investment program

Estimated AUM
$32.1B as of Sep 30, 20252
Capital pool
Corporate defined-benefit pension plan assets (funded via Contractual Trust Arrangement, primarily Siemens Pension-Trust e.V.)1
Investment model
Siemens describes a team-based portfolio-management model for its German pension plans: the Alternatives Team performs joint-fund investing and portfolio management while maintaining relationships with fund managers. Siemens says the team built a global private-asset portfolio exceeding EUR 2 billion.3
Investment approach
Parents without children will pay an additional contribution to long-term care insurance of 0.6 percent in future.4
Spending support
Not listed yet
Spending policy
Not listed yet
Asset allocation
Public evidence references these asset classes or allocation areas: venture capital, infrastructure.1
Performance
Not listed yet
Governance
We’ve compiled answers to a range of questions, from how to apply to how to further your career once you’re on board.5
Investment team
Siemens identifies an Alternatives Team that has been part of Siemens Fonds Invest GmbH since 2019. Erik Macharzina is identified as CEO of Siemens Fonds Invest GmbH.3
Unfunded commitments
Not listed yet
Source freshness
Last verified Jul 21, 2026 · Needs review

Sources

Last verified Jul 21, 2026 from public career and organization materials.

Fact notes

  1. Website (siemens.com)Pool purpose, Capital pool, Asset allocation · checked Jul 25, 2026
  2. Annual report (assets.new.siemens.com)Estimated AUM · checked Jul 25, 2026
  3. Website (siemens.com)Investment model, Investment team · checked Aug 6, 2026
  4. Job posting (siemens.com)Investment approach · checked Jul 25, 2026
  5. Job posting (siemens.com)Governance · checked Jul 25, 2026
  6. Website (siemens.com)Investment office page · checked Jul 25, 2026

Reports and filings

Profile and job sources

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