I have been informed by one of my friend who want's to leave switzerland, that there is a new pension law/rule and as per that, person holding the pension account can't take out the money if he/she is leaving Switzerland for good and money will be transferred/give to the person only after he/she reached pension age.
Is this true?

I was told by my pension provider that I could withdraw some of my pension now in cash (though there would be a charge attached), but some had to stay until the retirement date. I was also told that I could withdraw the WHOLE amount if I was going to use it to buy property in my new country.

As I understand it your pension pot, depending on how much you have paid in, is divided into 2 parts - the mandatory part and the super-mandatory part.

For people leaving Switzerland to move to a country which has no pension treaty, they can take both parts. For people leaving to move to e.g. a European state, they can take only the super-mandatory part.

More info here

there are 2 types of pensions here - the AVV which you can only get when you reach 65, and the "second pillar", in French the LPP, which is about 2,500 chf per year, which you can apply to have in a lump sum when you leave Switzerland.

you have to fill out the forms here

http://www.aeis.ch/fileadmin/downloa...ZK_Form_13.pdf

it's in French.

interestingly, I don't see this form in the English version of the website.