Vesting What does the term ID: 212472
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Information sheet Vesting What does the term «vested benefit» mean? The vested benefit is the sum an insured person is entitled to upon termination of the employment relationship and withdrawal from the employee benefits institution, in the form of a withdrawal benefit. In this connection the law speaks of a "case of vesti ng" and stipulates that it may not be preceded by a claim to retirement, disability or death Since 1995 the Federal Law on Vested Benefits (FZG) has regulated vesting rights. Among other things, the law says t桡tf⁹潵桡n来潢s,⁴桥⁷ith 摲慷慬敮敦it t漠w桩c栠yo甠ar攠敮title搠m畳t 扥 tr慮sf敲r敤 t漠t桥m灬潹敥e湥fits湳tit畴i潮f⁹潵r敷m灬潹敲; t桡t if⁹潵漠湯t⁴ak攠u瀠愠n敷⁰潳itio渠慦t敲渠em灬潹me湴敬慴io湳hi瀠e湤s v敳t敤敮敦it⁰潬icyr⁶敳t敤敮敦itscc潵湴. When can I have my vested You can draw your v ested benefit in cash under the following circumstances: benefit paid out in cash? Whe渠y潵 l敡v攠Switz敲l慮搠p敲m慮敮tly⁷it桯畴⁴aki湧⁵瀠r敳id敮c攠i渠t桥 Pri湣i灡lityf⁌iec桴e湳tei渮⁐l敡se潴攺⁁s 潦‱ J畮e l潮来re 灡i搠潵t渠cas栠if⁹o甠m潶攠t漠慮⁅Uo畮try⁷桥r攠y潵r攠s畢ject⁴o m慮d慴潲y整ir敭敮t, 摥慴栠a湤is慢ility湳畲慮c攮 Aistf 慬l⁅U 慮搠EFTAt慴essv慩l慢l攠畮摥r: www.sf扶朮c栠뮻 䱩慩so渠潦fic攠뮻⁂asics 뮻⁌istf⁅U湤 EFTAt慴敳. Whe渠y潵 扥c潭攠s敬f em灬oy敤 慳 y潵rai渠occ異慴i潮湤 慲攠湯潮g敲 s畢j散t⁴漠m慮d慴潲yccu灡ti潮慬 扥湥fits潶敲慧攠(co湦irm慴i潮se煵ir敤rom y潵r⁶敳t敤敮敦its潷敲⁴桡渠y潵r 潷渠慮湵al潮tri扵ti潮. I渠t桥 co湴數tfnc潵ra杩n朠桯mew湥rs桩瀬湳畲敤⁰敲s潮s⁷桯rea灡bl攠潦 敡r湩n朠愠livi湧a渠us攠t桥ir整irem敮t慶in杳,渠w桯l攠潲 i渠灡rt,⁴漠fin慮c攠t桥ir 潷渠桯m攠i渠th攠 f潲mf⁰re灡ym敮t 潲⁰l敤g攮⁙潵慮i湤畲t桥r湦潲m慴i潮 i渠 潵rnf潲m慴io渠s桥整n Financing home ownership the vested benefit paid T桥m潵湴f⁶敳te搠扥湥fit⁴漠w桩c栠y潵r攠敮titl敤sisted 潮 y潵r⁰敲s潮al 灥湳i潮敲tific慴e. out in cash? C潭灬整攠t桥orm Notification of withdrawaland enclose the documents listed under Point 3. U湤敲oircumst慮c敳 c慮慳栠灡yo畴f t桥⁶est敤敮敦it攠m慤e wi瑨ou琠 writt敮潮s敮trom⁹潵r s灯畳攠/敧ist敲敤⁰慲tn敲,⁷it栠t桥i杮at畲攠扥i湧 慵t桥湴ic慴e搮 What is the best way for me to invest my vested benefit? Your freedom to invest your vested benefits is restricted by law: If your vested benefit is larger than the amount required to purchase the full employee benefits specified in the regulations of your new pension fund, or if you do not join a new pension fund, y潵慮 t慫攠潵t vested benefit policy with benefits coverage y潵慮 潰e渠a vested benefits account with or without a safekeeping account ��web1859 | 03.2015 Information sheet «Vesting» The ideal solution for you very much depends on your personal goals and individual needs: A v敳t敤敮efit 灯licysuita扬攠f潲l潳i湧 条ps渠ins畲anc攠c潶敲慧ef⁹潵 桡v攠 s畦fici敮t c慰it慬湤r攠i湴en摩湧 t漠m慫攠愠l潮g 瑥rmnves瑭en琮 If⁴桥 sums i湶潬v敤 慲攠rel慴iv敬ym慬l 慮搠t桥 i湶敳tm敮t潲iz潮s⁶敲y桯rt, v敳t敤敮敦itscc潵湴 wit桯畴isk c潶敲慧攬⁷桩c栠w潲ksik攠愠灡ss扯ok,慮攠 慰灲潰ri慴攮 If⁹潵湴敮d⁴漠i湶敳t 愠m潲攠siz敡扬攠vest敤敮敦it⁷it桯畴湳畲a湣e潶敲a来潲 愠l潮来r⁰敲io搠潦 tim攬⁴h敮 it's⁷潲t栠l潯kin朠int漠a⁶敳te搠b敮敦itscc潵湴⁷桩c栠 isnve st敤渠s散ur楴i敳. T桥i杨t i湶敳tm敮t潲 愠v敳t敤e湥fite灥湤s渠th攠ins畲慮c攠c潶敲湤 慶慩l慢l攠c慰it慬s w敬ls湶敳tm敮t潲iz潮 慮d risk tol敲慮ce. When can I cash in my vested benefit policy or close my vested benefits account? A vested benefit policy or vested benefits account may be drawn no more than five years before reaching normal retirement age, provided that no insured event has occurred earlier. The same conditions apply to cash payouts as apply to drawing the vested ben efit itself in cash. In addition, a policy or account can also be cashed in or closed prematurely in the following cases: if⁹潵re湴itle搠toull 灥nsi潮⁵湤敲 摩s慢ility湳畲慮ce (IV)湤 湯敮敦itsr攠 i湳畲敤潲is慢ility. w桥n y潵敡ch潲m慬整irem敮t 慧攬r漠敡rli敲⁴桡渠fiv攠y敡rs⁰ri潲⁴漠re慣hi湧 湯rmal整irem敮t 慧攬r漠l慴敲⁴h慮iv攠y敡rs 慦t敲敡chi湧潲mal r整irem敮t You爠卷iss 䱩f攠i湳畲慮c攠a摶is潲s敲tai渠toin搠th攠扥st⁰潳si扬攠sol畴i潮潲⁹潵. Why潴rr慮g攠愠c潮s畬t慴io渮⁆畲t桥r湦潲m慴i潮 c慮 扥潵湤 慴 www.swisslife.ch/en/wings . ��web1859 | 03.2015