When you start a job, your employer registers you with the pension fund. If you were previously insured under the second pillar, you must transfer your existing retirement capital from your former pension fund to Asga.
If you change jobs, become self-employed, temporarily interrupt your gainful employment, or emigrate, your membership in the current pension fund ends automatically. In this case, the retirement capital must be taken into account.
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Joining the pension fund
Important
Who can join a pension fund?
- The obligation to contract insurance begins on 1 January following the age of 17 and lasts until the ordinary retirement age.
- Your OASI-liable annual salary as an employee exceeds CHF 22,680.00.
- You are in an employment relationship that lasts longer than three months or is of unlimited duration.
- You do not already have occupational pension coverage from other (primary) gainful employment.
Procedure
- The registration is through the employer.
- Your personal insurance certificate will then be sent to you directly. After receiving your insurance certificate, please check it to ensure that your personal details and the reported annual salary are correct.
- Please arrange for your vested benefits to be transferred from your previous pension provider to the Asga Pensionskasse. You will receive a payment slip for this purpose together with the insurance certificate. You are responsible for transferring your vested benefits from your previous pension provider to the Asga Pensionskasse.
Termination
You change your job.
Important
In the absence of any instructions from you, we will transfer your termination benefit plus interest to the Substitute Occupational Benefit Institution (OPA) at the earliest six months but not later than two years after your termination.
Procedure
- Please complete and send us the form Utilisation of the Termination Benefit.
- We will transfer your assets, with interest up to the payment date.
- You will receive written confirmation of payment.
You will not be taking up an OPA-liable position in the near future.
Important
In the absence of any instructions from you, we will transfer your termination benefit plus interest to the Substitute Occupational Benefit Institution (OPA) at the earliest six months but not later than two years after your termination.
Procedure
- Please inform Asga of the new employer’s pension fund or open a vested benefits account or policy with a bank or insurance company of your choice.
- We will transfer your assets, with interest up to the payment date.
- You will receive written confirmation of payment.
You are venturing into the world of self-employment and so are no longer subject to mandatory occupational benefits insurance.
Important
In the absence of any instructions from you, we will transfer your termination benefit plus interest to the Substitute Occupational Benefit Institution (OPA) at the earliest six months but not later than two years after your termination.
Decide now how you wish to continue as regards your occupational benefits:
- You join your employees’ pension fund or an occupational benefits institution set up by your professional association and transfer your vested termination capital into it.
- You invest your occupational benefits in a vested benefits account.
- You arrange for your pension assets to be paid out in cash (only possible if you have self-employed status in your main occupation).
Procedure
- You send us the form “Declaration concerning cash payout of vested termination benefit” as well as confirmation from the OASI Compensation Fund that you are registered as a self-employed person.
- If your OASI Compensation Fund does not confirm self-employment as your main occupation, please also send us the questionnaire for self-employed persons.
- We will transfer your assets to your private account, with interest up to the payment date.
You have decided to leave Switzerland.
Important
- If you emigrate to an EU or EFTA state and are insured there against old age, disability, and death in accordance with applicable law, the mandatory portion of your termination benefit will remain in a vested benefits account until you reach retirement age or payment is possible for other reasons. The extra-mandatory component can be paid out in cash. If you do not have mandatory insurance in the respective EU or EFTA state, Asga requires proof of contributions made to the OPA Guarantee Fund. You can find the required application form on the website of the OPA Guarantee Fund.
- If you are emigrating to a non-EU or non-EFTA state, the entire termination benefit can be paid out in cash.
- Withdrawal is possible only after permanent departure from Switzerland.
- In the absence of any instructions from you, we will transfer your termination benefit plus interest to the Substitute Occupational Benefit Institution (OPA) at the earliest six months but no later than two years after your termination.
Procedure
- You complete and send us the form “Cash payout of vested termination benefit following permanent departure from Switzerland”.
- If you emigrate to an EU or EFTA state, we will send you the application form for the OPA Guarantee Fund so that your social security obligation can be clarified. In this connection, please see our information sheet Cash payout of the termination benefit.
- The payment will be made as soon as a positive decision from the OPA Guarantee Fund is received.
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