Change of employer with transfer of existing BVG assets to the new pension fund
Articles

Transfer of Pension Fund Assets following a Job Change: How it Works

When changing employers, employees must transfer their BVG capital to the new pension fund pursuant to the Federal Act on Vesting in Pension Plans. This payment forms the basis for the calculation of future payments to which the employee is entitled. 

When changing employers, the capital must be transferred from the pension fund of the former employer to the new pension fund. This is required under the Federal Act on Vesting in Pension Plans (FZG). Once you leave your current employer, you must complete a form from the old pension fund and provide the address of the new pension fund. The prior pension fund will calculate the termination benefits to which you are entitled and transfer them to the new pension fund. The new pension fund will show this payment (vested benefit) on the employee's pension certificate. It forms the basis for the calculation of the future payments.

Related Articles

  1. Myths and misconceptions about pension provision: An overview

    Pension provision: Debunking myths
    A lot of us tend to put off building up a retirement provision and planning for potential misfortunes – often in the belief that such measures aren't necessary when we're young. This is a myth, however; as is the assumption that marriage provides comprehensive protection – and these are by no means the only misconceptions. This article reveals the eight most common myths and explains why it pays to plan prudently and in good time.

  2. AHV 21: What changes will the reform bring?

    AHV 21: These are the most important changes
    The AHV 21 reform has been in effect since the beginning of 2024. This is intended to secure financing for the first pillar until 2030. The reform will be financed by the increased reference age for women and by the increase in VAT. Here are the key changes, explained simply.

  3. Maximum Pillar 3a amount in 2024

    Maximum Pillar 3a amount in 2024
    Old Age and Survivors' Insurance (AHV) and employee benefits insurance (BVG) only cover 60 to 70 percent of the previous household income after retirement. If you want to maintain your accustomed standard of living even in your old age, you should therefore contribute the maximum Pillar 3a amount every year. But what are the maximum Pillar 3a amounts for 2024?