Employee Benefits Insurance: What Do I Need to Bear in Mind If I Have More Than One Job?
Despite having a regular income, many employees who work for several employers do not earn enough to be directly subject to statutory BVG insurance. However, they also need to provide for their retirement. What solutions are available for this in employee benefits insurance?
Those who work for several employers and do not earn more than CHF 21,330 per year in any employment relationship are not subject to statutory BVG insurance. There are two options for these part-time employees to also join a pension fund.
Case 1: Auffangeinrichtung BVG
The Auffangeinrichtung BVG (Substitute Occupational Benefits Institution) is a pension fund commissioned by the federal government that is the only pension fund in Switzerland to accept all employers and individuals willing to join, provided they meet the legal requirements. If your overall annual income exceeds CHF 21,330, you can join this foundation. It has regional branches, is part of the second pillar, and enables employees to ensure the statutory BVG minimum. The coordination deduction of the insured person, i.e. the part that is already insured by Old Age and Survivors' Insurance, is made from the total annual income, and every employer must pay the corresponding contributions.
Case 2: An Employer's Pension Fund Takes on the Role of the BVG Unit
If the relevant pension fund provides for this in its regulations and this is your chosen option, the other employer(s) must pay their contributions to this pension fund. This is potentially more advantageous for you, the employee, since many pension funds offer better benefits than the legal minimum in contrast to the aforementioned Auffangeinrichtung BVG.
If you work for two employers and earn more than CHF 21,330 per year at each, you are mandatorily insured by both, because the annual salary exceeds the minimum income required for enrolment in an employee benefits plan. However, the coordination deduction is then applicable to both salaries, which puts the employee at a disadvantage financially. It certainly makes more sense here to ask the employers whether it would be possible to concentrate the insurance in one pension fund as described in case 2.