Insured annual salary
Your registered annual salary generally corresponds to your AHV annual salary (gross salary). Depending on which pension plan you have, this is limited in terms of the amount concerned and there is a so-called coordination deduction. This is how the insured annual salary is calculated. The BVG annual salary is part of the insured salary. In accordance with the BVG, it is insured through «mandatory» coverage. The maximum AHV amount is CHF 60,435. The difference between the insured annual salary and the BVG annual salary is insured through «supermandatory» coverage.
Savings capital
Here you can see how high your retirement savings capital was up to the end of last year, and how high your savings will be by the end of the current year. This amount includes the reported interest earned. The annual retirement credit is the amount you will be saving this year.
Projected retirement capital
This is the amount you are likely to receive upon reaching regular retirement age. The actual amount is calculated in accordance with your employer’s pension plan and on the basis of your annual salary insured today. The interest rate stated is an assumption as to what interest your capital will earn in future years. The retirement capital is generally paid out in the form of a pension. Alternatively, you can however apply for a one-off capital payment or partial capital payment prior to the due date of the first pension payment.
Projected retirement benefits prior to final age
Should you wish to retire early, your retirement capital and pension decrease as indicated. The amount depends on the retirement capital saved up to the point in time of your early retirement and on the conversion rate concerned.
Risk benefits in the event of death
In the event of your death prior to retirement, your family is entitled to payment of an annual pension in the amount stated here. In the case of Vita, partners of either the opposite or same gender are also entitled to a partner pension. An orphans’ pension will be paid, for example, if ou have children of an eligible age (either until they reach 18, or until 25 if they are still in education). The precise terms are set out in the pension regulation.
Risk benefits in the event of total inability to work
Should you become fully disabled due to an illness, you and/or your eligible children are entitled to payment of an annual pension in the amount stated. The pension is paid after a set waiting period. Full disability exists from a degree of disability of at least 70%. In the case of a degree of disability of 60% to 69%, three quarters of the pension is paid, and in the case of a degree of disability of less than 60%, the benefits are paid according to the degree of disability. When the degree of disability is less than 25%, no pension is paid.
Annual savings contribution
The savings contribution is derived from the sum of the payments into the plan minus the cost of the risk insurance (disability, death) and the annual supplementary BVG costs. It is credited to your retirement assets annually.
Annual employee’s and employer’s contribution
Here you can see the split between the annual contribution you pay yourself and that paid by your employer.
Benefits upon termination of employment
If you change jobs, the amount stated here, the so-called benefits upon termination of employment, are transferred to your new employer’s pension plan. It is calculated as of the point in time of your departure. In the event that you do not have a new employer, the amount is transferred to a vested benefit account.
Purchasable amount
You can improve your savings capital or your retirement pension by making voluntary payments into the so-called pillar 2 plan. The amount stated here equates to your contribution gap and hence your maximum possible purchase amount. You can make additional purchases in excess of this amount towards an early retirement. Here you can see the corresponding purchase amount which depends on the point in time of the desired early retirement. In the event of a subsequent forgoing of early retirement, these additional purchases may be forfeited, in whole or in part. The tax deduction entitlement is based on Swiss federal and cantonal law. You can find further information on the subject of purchases under Pension fund purchases.
Advancement of home ownership
This section indicates whether you have made a pledge or a capital withdrawal for home ownership support. If you wish to acquire home ownership, you can use or pledge your retirement capital or a part thereof for funding purposes. The Help Point BVG would be pleased to let you know the possible amount concerned.