What is important to consider when changing pension funds?
When changing pension funds, there are several aspects that should be considered. Most importantly, ensure your employees are not worse off. The saving and risk benefits must be at least as attractive as those offered by the previous provider. The new pension fund should also be soundly financed, offer attractive interest potential and minimize the redistribution from active insured to retired persons.
You should also definitely avoid switching while your pension fund has coverage deficiencies. In such a case, the shortfall is borne by the employer up to the statutory minimum, and the insured persons in turn must expect a reduction in their super-mandatory retirement assets. In contrast, the benefits of pension recipients are not affected.
If you have decided to switch, you usually have to give six months' notice. The contracts begin on January 1 of each year, so the notice of termination must be given by June 30 of the previous year.