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Old 18.02.2020, 13:51
justcamehere justcamehere is offline
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Re: alternatives to vested benefits

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Not possible:

"If you are insured under the 2nd pillar and you change employer, you remain in principle subject to compulsory insurance and your vested benefits have to be transferred to the pension fund of your new employer. This transfer is prescribed by law. Your former pension fund is obliged to ask you for the contact details of your new pension fund. Otherwise it is up to you to ask your new employer for the address of its pension fund and to pass that on to your former pension fund so that the latter can transfer your vested benefits. If your former pension fund does not receive any
details of your new employer’s pension fund, it must transfer your vested benefits to the Substitute Occupational Benefit Institution."

So, there's a law somewhere that says the money goes to the new employer retirement fund when one changes jobs. Perhaps reading the law in detail would provide more information, but that's a challenging search.
I see, thanks for this, I guess it's not possible then.
So vested benefits accounts then can only be used if someone is leaving their employer without going to a new employer or leaving Switzerland altogether.

Still though, even if not of immediate concern as it can't be done now, I'd be interested to know what the alternatives exist to vested benefits accounts, which use an asset allocation, not a flat & quite low rate on an account.
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