BUAK Betriebliche Vorsorgekasse

What BUAK Betriebliche Vorsorgekasse does

BUAK Betriebliche Vorsorgekasse GesmbH is an Austrian occupational severance pay fund (Betriebliche Vorsorgekasse) that provides trust-based administration of mandatory severance contributions under the Betriebliches Mitarbeiter- und Selbständigenvorsorgegesetz (BMSVG). Founded in September 2002 as a 100% subsidiary of the Bauarbeiter-Urlaubs- und Abfertigungskasse (BUAK) — a public-law social partnership institution of the Austrian construction industry — the company received its operating concession from the Finanzmarktaufsicht (FMA) in November 2002 and serves all Austrian employers, employees with employment start dates after 1 January 2003, and self-employed persons subject to GSVG insurance. Construction workers covered by the BUAG are statutorily assigned to BUAK BVK, while employers in other industries voluntarily select BUAK BVK at the December 31 balance-sheet-date switching window.

The company's product portfolio centers on 'Abfertigung Neu' severance pay management, complemented by account consolidation (Konto-Zusammenführung), old-law transition services, and — since 2025 — a digital self-service portal (eBUAK BVK). The technology stack is conventional: a web portal (konto.buak-bvk.at, v0.4.46) for beneficiary access, standard downloadable contracts and templates, and telephone/email service support. Asset management is fully outsourced to Amundi Austria GmbH (since 2016), which runs an ESG-focused fund mandate with a maximum 16% equity allocation under the 'defensive' BMSVG category; UniCredit Bank Austria AG serves as custodian bank.

BUAK BVK's revenue model is fee-based on three pillars: 1.8% administration cost on received severance contributions (statutory maximum, reduced from 2.2% at end of FY2020), 0.4% annual asset management fee on AUM, and 0.3% collection cost reimbursement to health insurance carriers (ÖGK, BVAEB, SVS) that route contributions. An additional 0.5% depot fee (capped at EUR 100 transfer fee) is being eliminated from 2026. The go-to-market is direct, with no intermediaries: the company website, downloadable Beitrittsverträge, and a telephone/email service center drive customer acquisition, with statutory health-insurer collection serving as an indirect inflow channel. As a regulated credit institution under § 65a BWG, BUAK BVK is supervised by FMA, is a member of Einlagensicherung AUSTRIA, and operates with a capital guarantee ensuring that at minimum the contributed severance amounts are returned to beneficiaries regardless of investment performance.

Name

BUAK Betriebliche Vorsorgekasse

Legal name

BUAK Betriebliche Vorsorgekasse GesmbH

Website

https://buak-bvk.at

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

1–10 employees

Short description

BUAK Betriebliche Vorsorgekasse is an Austrian FMA-licensed occupational severance pay fund and 100% subsidiary of BUAK, administering mandatory Abfertigung Neu contributions for Austrian employers, employees, and self-employed persons under BMSVG via outsourced asset management and direct digital channels.

Ownership category

akta.pro rank

Product category

Occupational Pension Fund

NAICS

Pension Funds (525110), Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds (524292), Insurance and Employee Benefit Funds (5251)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Workforce Compliance & Employment Law Risk Management (Local Labor Law, Tax, Statutory) (BPACAHAH)

akta.pro secondary industry

Ancillary Employer Benefits (Life/Disability/Accident/Critical Illness) (HLAEAAAK)

Keywords

• Occupational severance management
• Employee provident fund
• Severance pay administration
• Corporate benefits services
• Retirement savings administration

Headquarters

HQ city

Vienna

HQ country

Austria

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Administration Cost Deduction: BUAK BVK deducts 1.8% administration costs from received severance contributions (reduced from 2.2% at end of fiscal year 2020). An additional 0.3% is charged for collection/remittance of contributions via health insurance carriers. A 0.5% transfer fee (capped at EUR 100) applies for old-severance transfer.
2. Asset Management Fee: A 0.4% fee is charged for asset management. If investment returns in a fiscal year are insufficient to cover this fee, the shortfall is carried forward to the next year, as debiting the severance assets is not permitted.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

BUAK Betriebliche Vorsorgekasse GesmbH provides trust-based (treuhändische) administration of occupational severance contributions under Austria's BMSVG framework. Employers remit 1.53% of monthly gross salary for each employee whose employment began after January 1, 2003, and the company invests those contributions, maintains individual beneficiary accounts, and pays out accrued severance entitlements at qualifying events. Asset management is delegated to Amundi Austria GmbH with custody at UniCredit Bank Austria AG, and beneficiaries can access their accounts through the eBUAK BVK online portal.

Product overview

BUAK Betriebliche Vorsorgekasse GesmbH operates as a 100% subsidiary of Bauarbeiter-Urlaubs- und Abfertigungskasse (BUAK), founded in 2002, providing trust-based administration of severance contributions under the BMSVG framework. The company offers a unified service portfolio centered on 'Abfertigung Neu' (severance pay management) for employees since 2003 and self-employed since 2008, complemented by the BVKinfo online account portal for digital access. Additional services include account consolidation, transition to new severance law, and membership contract management. Asset management is conducted through specialized funds managed by Amundi Austria GmbH, with deposits held at UniCredit Bank Austria AG. The company maintains a conservative investment strategy focused on security, stability, and sustainability.

Differentiator

Problem solved

Functional benefit

Products and services

• Abfertigung Neu (Severance Pay Management) Core statutory service for the trust-based administration of severance contributions (1.53% of monthly gross salary) for employers, employees whose employment began after January 1, 2003, and self-employed persons since 2008, ensuring compliance with BMSVG.
• BVKinfo Online-Konto (Online Account Portal) Digital portal allowing beneficiaries to request login credentials and access annual account information online, track severance account development, and view contribution history.
• Konto-Zusammenführung (Account Consolidation) Service allowing beneficiaries to consolidate multiple severance accounts from different employers or self-employment into a single BUAK BVK account at no administrative cost.
• Beitrittsvertrag (Membership Contracts) Contract services for employers and self-employed individuals to join or switch to BUAK BVK, available as general membership contracts and property community contracts.
• Veranlagung und Performance (Asset Management) Asset management service investing severance contributions with a focus on security, stability, and sustainability, through funds managed by Amundi Austria GmbH and supervised by BUAK BVK's internal risk management.
• Kontoinformation (Account Information Statements) Annual account statement service providing beneficiaries with their severance account status including contributions, administrative costs, investment results, and guaranteed severance contributions.
• Übertritt ins neue Abfertigungsrecht (Transition to New Severance Law) Service for employees whose employment began before January 1, 2003, offering options to transition to the new severance system via full transfer (Vollübertritt) or partial transfer (Teilübertritt) of legacy severance claims.

Quantifiable outcome

• Average annual performance of 2.31% p.a. over 15 years, even during the low-interest-rate phase
• +2 more outcomes

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core and minor.

• Amundi Austria GmbHcoreTechnology or Integration · 1 January 2016Since 2016, BUAK BVK partners with Amundi Austria GmbH as its asset management company. Amundi provides specialized ESG investment management with 35 specialized employees in sustainable investments, covering ESG analysis, engagement and voting, ESG methodology and solutions, and business development. With a rating scale from A (best) to G for approximately 12,000 companies and countries, Amundi applies exclusion criteria to ensure investments meet BUAK BVK's high ESG standards. Fund management is supervised by BUAK BVK's internal risk management.
• UniCredit Bank Austria AGcoreTechnology or IntegrationUniCredit Bank Austria AG serves as the custodian bank (Depotbank) for BUAK BVK and its investment community, fulfilling the legal requirements of § 29 BMSVG and approved by the Financial Market Authority (FMA).
• ÖGUT – Österreichische Gesellschaft für Umwelt und TechnikminorStrategic or Co-development PartnerSince 2003, BUAK BVK has voluntarily undergone external, objective sustainability review by ÖGUT to professionally and independently verify its sustainability principles and methods, and to continuously improve its sustainable investment policy. The principles of socially responsible investment (SRI) are also continuously monitored by an investment advisory board.
• Wirtschaftskammer Wien – VorsorgeverbandminorOthersBUAK BVK is a member of the Wirtschaftskammer Wien (Vienna Chamber of Commerce) – Vorsorgeverband (Pension and Provident Funds sector group), located at Wiedner Hauptstraße 63, 1040 Wien.
• Einlagensicherung AUSTRIA Ges.m.b.H.minorOthersBUAK BVK is a member of Einlagensicherung AUSTRIA Ges.m.b.H. (Deposit Protection Scheme Austria), located at Wipplingerstraße 34/4/DG4, 1010 Wien. Under the Austrian Investor Compensation Act (ESAEG), individual severance entitlements are protected up to a maximum of EUR 20,000.

Scale indicators2 records

Recent moves7 records

Expansion highlights4 records

Others

• UniCredit Bank Austria AG: Depotbank (custodian bank) for BUAK BVK under §29 BMSVG, fulfilling regulatory custody requirements. Relevant as the regulated infrastructure counterparty enabling BUAK BVK's investment operations.
• Amundi Austria GmbH: Asset management partner of BUAK BVK and one of the largest European asset managers, providing ESG-focused investment management services to multiple pension and provision fund clients. Relevant as the underlying investment capability layer and comparable institutional asset manager.
• Wirtschaftskammer Wien Vorsorgeverband: Austrian industry association grouping Austrian Vorsorgekassen including BUAK BVK, providing sector representation and policy advocacy. Relevant as industry body and ecosystem participant governing the BVK market in which BUAK BVK operates.

Direct peers

• Bonus Vorsorgekasse: Austrian BVK operating under BMSVG with focus on cost-competitive severance fund administration. Direct peer competing head-to-head on pricing, digital services, and employer switching decisions.
• APK Vorsorgekasse: Austrian BVK offering severance fund administration under BMSVG with focus on broad employer market. Directly comparable business model, fee structure, and regulatory framework to BUAK BVK, competing for the same pool of Austrian employees and self-employed contributors.
• Valida Vorsorgekasse: Austrian BVK offering Abfertigung Neu administration, asset management, and digital account services under BMSVG, with roots in the Bank Austria corporate group. Direct competitor with overlapping product portfolio and similar target segments to BUAK BVK.
• VBV Vorsorgekasse: Austria's largest Betriebliche Vorsorgekasse, also licensed by FMA under BMSVG and serving both construction and general employers with severance administration, asset management, and account consolidation services. Direct competitor for BUAK BVK in the same regulated Austrian BVK market.
• Niederösterreichische Vorsorgekasse (NÖVK): Austrian regional Vorsorgekasse offering BMSVG-compliant severance administration, also affiliated with public-law institutional shareholders. Direct peer with similar governance structure and target market to BUAK BVK.
• Helvetia Versicherungen Austria (Vorsorgekasse): Swiss insurance group's Austrian Vorsorgekasse operation offering BMSVG-compliant severance administration. Direct competitor leveraging insurance parent for asset management and distribution.
• Allianz Vorsorgekasse: Subsidiary of Allianz Group offering Austrian Vorsorgekasse services under BMSVG with broad insurance and asset management capabilities. Direct competitor leveraging a strong international insurance brand in the same regulated BVK space.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/buak-betriebliche-vorsorgekasse-gesmbh

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about BUAK Betriebliche Vorsorgekasse