In the Information sheet FAQ about the Vita Classic Pension Plan Regulations you will find answers to the most frequently asked questions about retirement, death, divorce and many more.
For example:
You can draw an AHV pension (1st pillar) at the earliest at the age of 63, but a pension from the pension fund (2nd pillar) at the age of 58. In both the 1st and 2nd pillars, pensions must be drawn by the age of 70 at the latest. In the pension fund, you have the choice between a pension or a capital withdrawal or a mix of both.
| AHV (1st pillar) | Pension fund (2nd pillar) | |
|---|---|---|
| Earliest withdrawal | 63 years | 58 years |
| Latest withdrawal | 70 years | 70 years |
In the event of death before retirement, the spouse's pension is 60% of the maximum disability pension in accordance with the law. In the event of death after retirement, it is 60% of the retirement pension. However, the Vita Collective Foundation also pays a partner pension for life partners if they have lived in the same household for the last five years until the death of the insured person. The specific benefits are set out in the individual retirement provision strategy. It is possible that the partner pension is higher than the statutory minimum benefits.
→ Art. 4.5.1 and 4.5.2 of the Vita Classic Pension Plan Regulations
In the event of a divorce, the entire pension capital saved during the marriage will be divided in half, and half will be transferred to the pension fund of the departing partner. In a traditional family model, the person working a higher number of hours may subsequently have a large gap in their pension fund. It is possible to close these with voluntary purchases. There are specific rules that apply here following a divorce.
You must have your pension capital transferred to the pension fund of your new employer. If this exceeds the amount defined for financing the benefits, the pension fund will not be obliged to take over the entire credit balance. You can pay the rest into a vested benefits account or custody account and withdraw it separately when you retire, which can have a positive effect on your tax burden.
Death before retirement: If there is no partner who is entitled to a partner pension, the retirement capital is paid out. The beneficiaries are first of all persons who were supported to a considerable extent by the deceased insured person, the parents, then the siblings and any other heirs. If there are no heirs, the capital remains in the foundation. Death after retirement: If you have withdrawn the retirement savings capital, it will be included in the estate. If you were drawing a retirement pension and there is no partner who is entitled to a partner pension, the pension payments will be discontinued.
Basically yes, as long as you have not already exhausted your purchasing potential. This depends on the pension capital you have already saved, your retirement provision strategy, your salary and your age. You can see your purchasing potential on your pension certificate. Pension fund purchases can be deducted from taxes. The prerequisite for this is that you have not made an early withdrawal for the promotion of homeownership. Otherwise, this contribution must first be paid in again. Seek advice so that you can make your pension fund purchases as tax-efficient as possible.
If you have been employed for more than three months, yes - from the first day. If you work for the same employer for several temporary assignments, each of which is shorter than three months, but with less than three months' interruption in between, it is possible to insure you retroactively in the pension fund.
