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20.11.2014, 12:43
|  | Forum Veteran | | Join Date: Mar 2007 Location: near zurich
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| | garden leave,retirement,RAV
so here's the deal......
getting close to retirement I have been placed on garden leave until the middle of next year. Not that disappointed but another 6 months would have been better.
So when that expires (in the meantime I get full salary/bonus etc) what will be the position on claiming from RAV? I have worked here for 15 years and have a C permit.
Would I be able to claim for the 2 years leading up to the official retirement age . It is most unlikely I would get a similar line of work and is compounded by some health issues also.
So am I entitled and how much do you get?
Too early at the moment to swan down to the RAV office methinks.
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21.11.2014, 10:07
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| | Re: garden leave,retirement,RAV
I think you should swan down to the RAV office now anyway. If you don't pitch up as soon as you become aware of impending unemployment, they could penalise you. You won't get any money from them while you're getting money from the company however, chances are you will have enough Taggelder in hand by the time your salary ceases to cover the two years
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21.11.2014, 12:50
|  | Forum Legend | | Join Date: Apr 2010 Location: Verbier
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| | Re: garden leave,retirement,RAV | Quote: | |  | | | so here's the deal......
getting close to retirement I have been placed on garden leave until the middle of next year. Not that disappointed but another 6 months would have been better.
So when that expires (in the meantime I get full salary/bonus etc) what will be the position on claiming from RAV? I have worked here for 15 years and have a C permit.
Would I be able to claim for the 2 years leading up to the official retirement age . It is most unlikely I would get a similar line of work and is compounded by some health issues also.
So am I entitled and how much do you get?
Too early at the moment to swan down to the RAV office methinks. | | | | | If your over 55, your entitled to 520 days, rather than the normal 400 days. It won't be an issue at all. You should start your job search NOW, or you may get penalised. If your a high earner you will have a 20 day waiting period before benefits are paid. You can even look for work in another country for 3 months if you wanted to,
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21.11.2014, 13:30
| | Re: garden leave,retirement,RAV | Quote: | |  | | | If your over 55, your entitled to 520 days, rather than the normal 400 days | | | | | Oooh, I never knew that. Not there yet, and hopefully not gonna be sacked anytime soon anyway.
But when it comes to retirement time I could certainly see me allowing myself to be "let go" <fx:does calculations> 36 months before retirement date. Three whole years - amazing.
Last edited by Guest; 21.11.2014 at 13:33.
Reason: Forgot about notice period.
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21.11.2014, 13:34
|  | Forum Legend | | Join Date: Jul 2011 Location: Switzerland
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| | Re: garden leave,retirement,RAV | Quote: | |  | | | If your over 55, your entitled to 520 days, rather than the normal 400 days. It won't be an issue at all. You should start your job search NOW, or you may get penalised. If your a high earner you will have a 20 day waiting period before benefits are paid. You can even look for work in another country for 3 months if you wanted to, | | | | | Is that standard fatmanfilms? I thought I saw there were some conditions attached to getting the extra 120 days if you're over 55.
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21.11.2014, 16:58
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| | garden leave,retirement,RAV | Quote: | |  | | | Is that standard fatmanfilms? I thought I saw there were some conditions attached to getting the extra 120 days if you're over 55. | | | | |
Only condition is you worked for 18 months in previous 24.
I am on my phone so it's difficult to find the rules revision from about 18 months ago, it's clearly written without any conditions, | Quote: |  | | | Oooh, I never knew that. Not there yet, and hopefully not gonna be sacked anytime soon anyway.
But when it comes to retirement time I could certainly see me allowing myself to be "let go" <fx:does calculations> 36 months before retirement date. Three whole years - amazing. | | | | |
520 days is only a little more than 2 years , 400 days being roughly 18 months
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23.11.2014, 00:18
| Forum Veteran | | Join Date: Sep 2012 Location: ZH
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| | Re: garden leave,retirement,RAV | Quote: | |  | | | 520 days is only a little more than 2 years , 400 days being roughly 18 months | | | | | Correct to the extent that this holds for calendar days. The RAV numbers are "payout days" though, and those are on five days of a seven day calendar week (Mo-Fr).
Which gets you to roughly three years and two calendar years.
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23.11.2014, 04:24
|  | Forum Legend | | Join Date: Apr 2010 Location: Verbier
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| | Re: garden leave,retirement,RAV | Quote: | |  | | | Correct to the extent that this holds for calendar days. The RAV numbers are "payout days" though, and those are on five days of a seven day calendar week (Mo-Fr).
Which gets you to roughly three years and two calendar years. | | | | | 21.7 working days a month gives 18.43 months & 23.96 months. As a year has 12 months your clearly very much mistaken.
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23.11.2014, 10:09
|  | Forum Veteran | | Join Date: Mar 2007 Location: near zurich
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| | Re: garden leave,retirement,RAV
Appreciate the responses here. I will swan over to RAV tomorrow and try and get the details. I will report back here what the situation is to try and provide info for others for the future.
I will be actually 63 years 1 month old so will need to bridge until 65 until my pensions kick in , just 23 calendar months.
There is simply no chance of finding any similar kind of work at my age , senior manager , excellent salary . I do not fancy a taxi driver job!!
I have been offered 6000chf worth of outplacement consultancy which is a bit of a joke at my age.
Actually , and this is an important question , can you get terminated when you are in ill health? I am (and will be forever) taking medication for prostate cancer . Shit company eh!!
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23.11.2014, 10:21
|  | Forum Veteran | | Join Date: Feb 2011 Location: Luzern
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| | Re: garden leave,retirement,RAV | Quote: | |  | | | If your over 55, your entitled to 520 days, rather than the normal 400 days. | | | | | Very good to know, having just reached the magic number :-)
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23.11.2014, 10:23
|  | Mod, Chips and Mushy Peas | | Join Date: Sep 2006 Location: Albisrieden
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| | Re: garden leave,retirement,RAV
Can't you get the employer to pay up your remaining pension contributions so you can just retire? I had a couple of colleagues made redundant in the past couple of years - in their late 50s - where the employer did just that.
Cheers,
Nick
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23.11.2014, 11:59
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| | Re: garden leave,retirement,RAV | Quote: | |  | | | Can't you get the employer to pay up your remaining pension contributions so you can just retire? I had a couple of colleagues made redundant in the past couple of years - in their late 50s - where the employer did just that.
Cheers,
Nick | | | | | The pension will be lower as the payout starts earlier.
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23.11.2014, 12:46
|  | Forum Veteran | | Join Date: Mar 2007 Location: near zurich
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| | Re: garden leave,retirement,RAV
Like most ex-pats I suspect , I plan to leave Switzerland and to take my pension pot with me rather than opt for a pension. Having worked here for a long time it is quite a good sum of money. Of course it would have been better to continue to 65 but that is not now possible.
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