Pension Plan after Termination of Employement - Page 2

Phil_MCR · #21 23.05.2023, 00:52

	Quote:	The ScottiCH One
	According to this it suggests you can keep any non-mandatory benefits in Finpension https://finpension.ch/en/vested-benefits/faq/new-job/ Do I have to put the money back into the pension fund when I start a new job? Yes, in principle you must transfer all vested benefits back to the pension fund if you have a new employer and are insured with the pension fund. However, you are only obliged to contribute up to the maximum regulatory benefits.

now you reminded me: is there anywhere which clearly explains what is mandatory/non-mandatory and how to identify how much is in each bucket?

when you say contribute "up to the maximum regulatory benefits" what do you mean by that?

trixxiee · #22 23.05.2023, 09:59

Mandatory and overcompulsory amounts are stated on my insurance certificate that I receive every year (or every promotion).
Here is also an answer from finpension to my question:

The compulsory part of your 2nd pillar contributions is based on your salary up to a maximum of 88'200.- CHF and the overmandatory is the amount above (and up to 882’000.-).

You may ask your pension fund to transfer the surplus part of your 2nd pillar contributions to a vested benefit account if you are still employed there, but I doubt that they will accept.

Indeed, the pension fund of your employer manages both "overmandatory" and "compulsory". Nevertheless, the moment you leave your employer, you may ask for the assets to be transferred to a vested benefit account. You can even ask them to split the amount in two vested benefit accounts so that you will not have to withdraw everything at once when you reach retirement or transfer the entirety of the assets when you find a new job.

If you have left your employer, have transferred your assets to finpension and find a new job, the pension fund of your new company will be asking for you to send them your pension assets. You may then ask them what amount is required and send them the amount they ask of you. This is where the split comes in handy. You are not allowed to transfer partially a vested benefit account so sending them one of your vested benefits can be the key to achieve managing your pension funds more independently.

kri · #23 23.05.2023, 10:38

My pension plan is split in 2 plans - one covers the mandatory and one the extra.
I guess I could split it like you mention but the extra plan offers additional insurance for spouse and children in case of death and disability.

So I would suggest one reviews that part also before taking a decision - VIAC has some level of protection on these aspects for example.