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Sächsisch-Thüringische Apothekerversorgung
STApV was founded in 1994 as a joint institution of the Saxon State Chamber of Pharmacists (Sächsische Landesapothekerkammer) and the Thuringian State Chamber...
Sächsisch-Thüringische Apothekerversorgung
STApV was founded in 1994 as a joint institution of the Saxon State Chamber of Pharmacists (Sächsische Landesapothekerkammer) and the Thuringian State Chamber of Pharmacists (Landesapothekerkammer Thüringen). The fund is governed by an interstate treaty between the Free States of Saxony and Thuringia and operates under a capital-funded system, combining premium income with investment returns to build a reserve fund (Deckungsstock). Membership is mandatory for all pharmacists and pharmaceutical interns active in the two states. The fund manages its consolidated reserve portfolio from Dresden, allocating across a traditional multi-asset framework typical of German professional pension schemes. Specific asset-class exposures, direct investment mandates, and external manager relationships are not publicly disclosed. STApV’s charter requires segregated, purpose-bound management of assets, with investment results flowing directly into the reserve fund from which all benefit promises are financed. Oversight rests with a 24-member Representatives Assembly, split between 16 Saxony delegates and 8 Thuringia delegates, with elections occurring every four years; the next election concludes in 2026. STApV is a member of the Arbeitsgemeinschaft berufsständischer Versorgungseinrichtungen e.V. (ABV), the national association for professional pension funds. In October 2025, the fund announced that its current Representatives Assembly term expires in 2026, with Saxony chamber members voting on March 13, 2026 and Thuringia delegates on June 10, 2026, after which the new assembly will elect committee chairs and management oversight members. STApV’s architecture differs from corporate pension schemes because it exclusively serves one liberal profession across two states under a single interstate treaty. This narrow, non-transferable mandate ties the fund’s liability stream directly to the demographic and income profile of Saxon and Thuringian pharmacists, creating a concentrated membership base that requires a matching long-duration asset-liability strategy.
General information
Firm type
Pension Fund
Year founded
1994
Location
Region
Europe
Country
Germany
City
Dresden
Corporate office
Pillnitzer Landstraße 10, 01326 Dresden, Germany
Principals
Dr. Holger Herold
Chairman of the Representatives Assembly and the Management Committee
Friedemann Schmidt
Member of the Delegates' Meeting of STApV and Honorary President of the Saxon State Chamber of Pharmacists
Göran Donner
President of the Sächsische Landesapothekerkammer (SLAK)
Dr. Frank Bendas
Managing Director (Geschäftsführer)
Frequently asked questions
What is the legal structure of STApV?
STApV is not a private corporation but a public-law professional pension carrier founded by a state treaty between Saxony and Thuringia. It operates as a joint institution of the Saxon State Chamber of Pharmacists and the Thuringian State Chamber of Pharmacists, delivering mandatory pension, disability, and survivor benefits to its pharmacist members under a capital-funded system.
How does STApV's funding model differ from Germany's statutory pension insurance?
While Germany's Deutsche Rentenversicherung runs on a pure pay-as-you-go basis with no capital accumulation, STApV builds a dedicated reserve fund (Deckungsstock) from member contributions and investment income. The scheme retains a hybrid element by incorporating the inflow of younger members' contributions into individual pension calculations, blending capital funding with intergenerational risk-sharing.
Who governs STApV's operations?
Governance sits with a 24-member elected Representatives Assembly split 16 seats for Saxony and 8 for Thuringia. This body elects the Chairman, Deputy Chairman, and the members of the Management and Supervisory Committees. Dr. Holger Herold currently chairs both the Representatives Assembly and the Management Committee, while Dr. Frank Bendas acts as Managing Director.
Is STApV membership voluntary?
No. Membership is compulsory for all registered pharmacists and pharmaceutical interns (Pharmazeuten im Praktikum) working within the jurisdiction of the Saxon and Thuringian State Chambers of Pharmacists. The mandatory structure ensures a continuous inflow of contributions and a stable, professionally homogeneous risk pool.
Does STApV publicly disclose its investment portfolio or asset allocation?
STApV does not publish a detailed breakdown of its investment portfolio on its public website. Assets are held in a segregated reserve fund in Dresden, but individual holdings, asset-class weights, and external manager relationships are not disclosed in publicly available materials.
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