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THE 2. PILLAR

Pension or lump sum?

This decision strongly depends on the life situation and factors such as family, health and financial circumstances. In general, however, there are various advantages and disadvantages:

What is the consequence of leaving the pension fund?

When you leave a company, you automatically leave the employer's pension fund. At this time you have the entitlement to the full retirement assets acquired up to the date of departure.

However, this credit is automatically transferred to the pension fund of your new employer transferred. If you do not start a new job right away, you have the option of transferring the credit to a vested benefits institution to the pension fund. At the latest after 6 months, if you do not specify your own solution, your retirement assets will be transferred to the reception facility transferred. It remains there until you start a new job or transfer the amount to a vested benefits institution.

A cash payment is also possible when

• the termination benefit is less than your annual contribution

• you take up self-employment

• you definitively relocate to another country