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Old 11.10.2020, 22:39
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Is there a deadline to move 2nd pillar into vested benefits account?

I'm taking a sabbatical. The current 2nd pillar institution offers to maintain an individual account for me. Well, at the moment it looks ok, however I may take a job elsewhere in EU after a few months so I would like to make sure my 2nd pillar money is well invested long term. In case I won't return to Switzerland soon I would rather like to move the money to VIAC.

Do you know if I will be able to move my 2nd pillar to VIAC later assuming I accept the individual 2nd pillar account now?

On the other hand, the fund multiply the assets by 1% to 3%. Maybe it's quite good. What do you think?
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Old 11.10.2020, 23:00
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Re: Is there a deadline to move 2nd pillar into vested benefits account?

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I'm taking a sabbatical. The current 2nd pillar institution offers to maintain an individual account for me. Well, at the moment it looks ok, however I may take a job elsewhere in EU after a few months so I would like to make sure my 2nd pillar money is well invested long term. In case I won't return to Switzerland soon I would rather like to move the money to VIAC.

Do you know if I will be able to move my 2nd pillar to VIAC later assuming I accept the individual 2nd pillar account now?

On the other hand, the fund multiply the assets by 1% to 3%. Maybe it's quite good. What do you think?
If you leave your job it has to be moved, if you don't specify your ex company will transfer to they see fit as required by law.
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Old 11.10.2020, 23:12
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Re: Is there a deadline to move 2nd pillar into vested benefits account?

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If you leave your job it has to be moved, if you don't specify your ex company will transfer to they see fit as required by law.
No, they offer me an individual account, but only old age pension, without invalidity insurance.

Of course I can transfer it to a vested account as well.
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Old 11.10.2020, 23:57
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Re: Is there a deadline to move 2nd pillar into vested benefits account?

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No, they offer me an individual account, but only old age pension, without invalidity insurance.

Of course I can transfer it to a vested account as well.
They are transferring to a vested benefits account, thats why there is no other insurance.
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Old 12.10.2020, 00:04
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Re: Is there a deadline to move 2nd pillar into vested benefits account?

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They are transferring to a vested benefits account, thats why there is no other insurance.
Yes.

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No, they offer me an individual account, but only old age pension, without invalidity insurance.
Are you sure they are offering you cover of an old-age pension? And not just a lump sum?
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Old 12.10.2020, 01:11
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Re: Is there a deadline to move 2nd pillar into vested benefits account?

I see, it's probably problem with translation then.

Amongst the options they say:

Maintien de votre compte individuel
Vous pouvez aussi maintenir votre compte individuel aves paiement de cotisations pour la couverture des risques de décès et d'invalidité ou sans paiement de cotisations.
Les autres formes légales de maintien de votre prévoyance sont la police de libre passage, le compte de libre passage ou la prévoyance facultative auprès de la Fondation institution supplétive LPP.
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Old 12.10.2020, 01:20
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Re: Is there a deadline to move 2nd pillar into vested benefits account?

They gave me a deadline to respond, pointing out :

Sans nouvelles de votre part d'ici là, nous maintiendrons votre prévoyances auprès du fonds sans paiement de contisation. Seuls les prestations de vieillesse et le capital en cas de décès resteront maintenus. Les rentes de survivants et les prestations d'invalidité ne seront plus assurées.

>>
If we don't hear from you by then, we will maintain your benefits with the fund without a contribution payment. Only the old-age benefits and the lump sum in the event of death will be maintained. Survivors' pensions and disability benefits will no longer be insured.
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Old 12.10.2020, 09:54
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Re: Is there a deadline to move 2nd pillar into vested benefits account?

I assume that the offer to extend the insurance is based on the current terms without needing any checks or other bureaucracy.

So it depends if you need that insurance and whether it's a good deal, which it could be if you started some time ago (insurance only ever seems to go up, particularly anything age related!).

If you need the insurance, get a quote from somewhere else first and then you'll know which to take.
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Old 12.10.2020, 13:20
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Re: Is there a deadline to move 2nd pillar into vested benefits account?

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I assume that the offer to extend the insurance is based on the current terms without needing any checks or other bureaucracy.

So it depends if you need that insurance and whether it's a good deal, which it could be if you started some time ago (insurance only ever seems to go up, particularly anything age related!).

If you need the insurance, get a quote from somewhere else first and then you'll know which to take.
Indeed, thanks! I asked for the conditions. I guess it's always better to have a disability insurance. This actually have raised a question in my mind what happens when you don't have any disability insurance, just vegetate on social aid till you reach the retirement age
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Old 12.10.2020, 13:34
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Re: Is there a deadline to move 2nd pillar into vested benefits account?

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I assume that the offer to extend the insurance is based on the current terms without needing any checks or other bureaucracy.

So it depends if you need that insurance and whether it's a good deal, which it could be if you started some time ago (insurance only ever seems to go up, particularly anything age related!).

If you need the insurance, get a quote from somewhere else first and then you'll know which to take.
The problem with disability insurance is you needed to be working & earning more than the sum insured.
I had a long term insurance taken out in 1983 & almost impossible to claim after I broke my back. 3 separate complaints, they did make a payment 2 years later, because my occasional part time earnings did exceed the 1983 figure. I had even paid 50% extra for having the wording 'my job' rather than able to do any work.
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Old 12.10.2020, 13:46
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Re: Is there a deadline to move 2nd pillar into vested benefits account?

Many thanks! I don't intend to work at the moment and when I'm back to work I'll be covered by a new employer so it makes no sense for me!
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Old 13.10.2020, 00:48
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Re: Is there a deadline to move 2nd pillar into vested benefits account?

This is the Stiftung Auffangeinrichtung BVG / Fondation institution supplétive LPP
https://web.aeis.ch/EN/pages/96/FZK%...its%20accounts

For occupational benefits, see:
https://web.aeis.ch/EN/pages/104/LOB...nefits%20plans
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