Hello all!

I started looking into what would happen if I were to have an accident or illness that would prevent me from earning any money and I have some gaps in understanding which maybe some of you know about.

So far this is what I learned:
1) For 12 weeks I get my full pay ( based on Zurich pay scale and my company seniority).
2) After that, pay is reduced to about 80% for a max of 720 days

The employer will encourage me after 12 months to start the invalidity process. Assuming I am declared 100% incapable of working and earning, then I will get:
1) Pension from the 2nd pillar
2) An invalidity pension from the AHV until retirement age which will then become.the normal AHV pension.

Questions:
1) Is above correct or am I missing something?
2) How do I calculate the amount I would get from AHV?
3) What type of insurance can one buy to top up the amounts after the 720 days have expired? I see a lot of insurance for the 720 days but not for after. Are there any?

Thank you!

K

There is this overview in German that I found.
https://www.mobiliar.ch/versicherung...sorgen-sie-vor
They talk about a Erwerbsunfähigkeitsversicherung. That seemsto bewhat you're looking for. Don't have a personal recommendation.

It is pretty much the standard in my experience.

- 720 days is the waiting period to get an invalidity pension, it’s not common for insurers to cover a period longer than that for loss of income.

- The second pillar pension can be impacted by invalidity, so it is at least worth knowing how the fund handles it and if the employer does anything extra.

- There are various options on it, but you can get insurance on this as well which will continue to pay into your plan until retirement.

Thank you!

Point 2 I had not thought about - will ask how it is handled.

Point 3: do you have any to recommend? I looked but could not find, will also look at what was suggested above.

Thank you!

IV is from your pillar 1. You can google it. It's not much something like max 23k per year Pretty much proportional to when you started paying in.

You need to check your pillar 2/occupational pension scheme. The annual statements should give you details about invalidity pension. Generally they will give you a pension that you would have received had you continued to work up to retirement age. If you've paid in since you were young then this could be a decent amount. If you're no longer so young and you've relatively recently started working in Switzerland then it it will be correspondingly less.

Some pension providers have a higher 'tier' of pension which includes an additional insurance. This is what I had and I think it cost about double. If the IV determines you should receive an IV pension then the insurer will pay you a pension equal to a proportion of your salary - something like 40%. This is regardless of how much you've paid in although there is probably a qualification period and there's also a waiting period usually of 2 years which corresponds to the employers 2-year sick pay insurance.

The IV will make a judgement on how incapacitated you are (25%, 50%, 75%,100% etc) and all the monies paid are based upon the level of ability to work.

If you end up with not enough money to live on then you can get social aid "topping up" money called Ergaenzungsleitungen. ("EG")

My coverage is from AXA and they have details online if you search for it. Invalidenrente in German in case that helps.

These kind of companies may well offer supplementary insurance for this kind of thing. Call them up and ask.

I was with Helvetia -

Many years ago when I was about to get married we threw all our savings into a downpayment to buy an apartment. So, I decided to get this insurance + 3a deal that was done through my employer. I know many will advice that this is a bad deal, but at that time, making sure my wife can afford the mortgage payments if something were to happen to me was more important than getting good returns. She would receive a lump sum in case of death, or the contribution into the 3a will continue if I cannot work, thus guaranteeing the lump sum at the planned retirement age. After some years, they offered the possibility to contribute into index funds, so the returns would be better except they charge something like 2% in fees (including the insurance premium).

It seems that all the discussion so far is about inability to work due to sickness. If it's due to accident then it's a whole different ballgame, and the accident insurance should cover you against loss of earning for as long as the injury stops you being able to work.

Thank you, I will update the information.

hi,

one worked and lived in CH for 10 months in last 24 months and had lost a job due to illness. Is in such case one entitled to RAV or any kind of benefits?

When did you become ill, you get some protection, Did you work in the EU in the last 2 years? Are you able to work now?

one is ill since Aug 2020

One worked in EU for 6 months in the last 2 years

Until contract being terminated one worked at 50% workload. Based on this, one is partially employable?

Did you work for 10 months & then were ill or you started working in June 2020.

6 months + 10 months is more than 12, so you should be able to get some RAV benefits if you are currently fit to work or at whatever percentage of the unemployment rate.

started working in June 2020, and worked 50% since Aug 2020

If I understand correctly:

- you started working in Switzerland in June 2020 at 100%
- you are now working at 50% (meaning the for the other 50% you are incapacitated/sick/had an accident?)

Are you still employed or not at all? If not, did you reach out to your local RAV? What does your doctor say?

yes

I am working 50% as a sick and that's from Aug2020 till now

I'm still employed, but in the scope of notice period. Haven't reached RAV yet, but will do that ASAP. Doctor says that reduced workload would be continued.

To answer your question: yes, if your doctor states that you can work at 50%, then you are employable. At 50%.

If your workload will be 50% for the rest of your life (if that's what the doctor said) you might ask him about IV: https://www.ahv-iv.ch/en/Social-insu...y-insurance-DI

RAV will let you know, depending on your specific situation, if you will join RAV at 50% capacity or at 100% (the other 50% being unable to work - for now).

If you are able to work 50%, you will have to determine whether you can live on that salary or not.

I don't know what kind of permit you have, not sure if you would qualify for social help or not.

Here's some standard information about

insurance and social security
https://www.ch.ch/en/insurance-social-security/

being unable to work due to illness or pregnancy
https://www.ch.ch/en/inability-work-...ess-pregnancy/

accident insurance
https://www.ch.ch/en/accident-insurance

disability which, in Switzerland's English translation, is called "invalidity":
https://www.ch.ch/en/invalidity-insurance/