Vested benefits account

When you take a break from employment or become self-employed, you will no longer be a member of a pension fund. To keep your retirement savings, the pension fund of your last employer will transfer the money to an account in a vested benefits foundation. And so your pillar 2 assets are deposited – for example

• during parental leave;
• during vocational training;
• when you switch to a job abroad;
• during a sabbatical;
• for a longer trip;
• during unemployment.
  

Once you return to employment, have the savings from your vested benefits account transferred to your new pension fund.

Good to know: You can freely choose which foundation should hold your vested benefits account – that means that you can also switch from another vested benefits foundation to UBS.

You can withdraw your savings no earlier than five years before reaching the statutory AHV retirement age.

Early withdrawal is possible if

• you want to use your retirement savings to finance your own home (possible every 5 years); 
• you leave Switzerland permanently (restrictions apply in EU countries, Liechtenstein, Iceland and Norway);
• you become self-employed; 
• you receive a full invalidity pension; 
• your vested benefits account has a lower balance than your current annual contribution to your occupational pension plan.

If the pension fund member dies, payment is made to the beneficiaries.