Inform the employees concerned that they have the option of continuing insurance coverage and risk insurance in full or in part during unpaid leave. During such leave lasting more than one month, it may be decided whether and how insurance coverage is to be maintained. An employee’s unpaid leave must therefore be reported by the company before it begins. Without timely notification, risk insurance and pension scheme will continue unchanged.
Downloads
Unchanged continuation of the current insurance coverage
In the case of unpaid leave, the current benefits coverage will continue unchanged unless a corresponding notification is submitted. Insurance coverage remains in full as before. Both savings and risk contributions are continued unchanged. If this option is desired, no notification is required and no further action is necessary.
Important
The contributions (risk contribution and administrative costs) will be charged in full to your contribution account, and you will determine the allocation among the affected employees yourself.
Continuation of current risk insurance coverage
Savings contributions are suspended during the period of unpaid leave and only risk insurance is continued at the same level as before. Interest will continue to be paid on the retirement assets.
Important
- The duration of the unpaid leave must be reported to us before it begins (minimum one month, maximum 24 months).
- The contributions (risk contribution and administrative costs) will be charged in full to your contribution account. You determine the allocation among the affected employees yourself.
Vorgehen
- You notify us in writing of the duration of your employees’ unpaid leave by means of a form before the leave begins.
- We will send you a list of benefits/contributions. The updated insurance certificate is sent directly to the employees concerned.
Waiver of continued risk cover
During the interruption, there is no entitlement to risk benefits except for the lump-sum death benefit. No savings, risk, or cost contributions shall be levied during the interruption period. Interest will continue to be paid on the retirement assets.
We recommend that you take out interim AIA insurance for the duration of the unpaid leave.
Procedure
- You notify us in writing of the duration of your employees’ unpaid leave and the desired option by means of a form before the leave begins.
- We will send you a list of benefits/contributions. The updated insurance certificate is sent directly to the employees concerned.
Also of interest
A co-operative out of conviction
Employee, Employer
AsgaOnline: The practical, easy way to manage your company’s occupational benefits
Employer
Social partnership in practice: our association solution
Employer, Products
Getting the balance right: Our measures for a healthy 2nd pillar over the long term
Employee, Employer
