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Old 16.10.2020, 19:18
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Re: Pension Law Changes - Unemployment at 58 and older

To add to the above, VZ Vermögenszentrum makes these comments on this pension law changes (translated):
  • You can only continue the risk insurance against death and disability or also the old-age savings. However, you must pay the premiums yourself - including those of your employer.
  • If the continued pension coverage lasts for more than two years, you usually have to draw your pension fund money as a periodic pension payment (Rente) and can no longer have it paid out as a lump sum (Kapital).
  • Moreover, in such a case, you are no longer allowed to withdraw or pledge your savings to finance home ownership.
Full article is at p. 17 at this link (German):

https://www.vermoegenszentrum.ch/new...rtcutVznews123
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