Start thinking about your retirement at an early stage. It is sensible to start weighing your options at the age of 50 at the latest. This still gives you a few years in which to make the necessary adjustments. You could, for example, stagger the purchase of pension benefits from the Pension Fund to increase your future retirement pension, or you could consider partial retirement or decide to draw your AHV pension early.
If your pensionable base salary is reduced after you reach the age of 58 due to a reduction in your level of employment, you can – if you wish – request that the pension coverage be adjusted back to the base salary before the salary reduction. This is possible under the following prerequisites:
- The request to the Pension Fund is made no later than the date of the salary reduction.
- The salary reduction must not exceed 30%. In this case, the pensionable salary normally earned for the same or similar work, calculated in relation to full-time working hours, may not be reduced by more than 30%.
- You are responsible for both your savings contributions as well as the employer’s savings and risk contributions on that part of the salary that corresponds to the difference in comparison to the pensionable base salary before the salary reduction.
- It is possible to continue pension coverage until you reach the age of 65.
- The existing pension coverage ends in the event of partial retirement or as soon as you acquire additional income from gainful employment in addition to the reduced pensionable base salary. You must inform the Pension Fund about this.
You can adjust the contribution option and therefore the amount of your savings contributions monthly in MyPension. The amount of the employer contributions is specified in advance and cannot be influenced by selecting a particular contribution.
Payment of vested benefits and continued insurance
If you leave work between the ages of 58 and 65, you have the following two options:
- Take retirement and receive a lifetime retirement pension.
- Ask for your retirement savings capital to be paid out.
To withdraw your retirement savings capital, you must either mostly continue to work, or be registered as unemployed with the regional employment center.
Insured aged 55 and above whose employment relationship has been terminated by the employer have the option to continue their insurance with the Pension Fund (details under "Departure").
Check your insurance coverage when you give up gainful employment.
Accident insurance: Compulsory accident insurance coverage provided by your employer ends 30 days after you stop work. You should therefore take out accident coverage again with your health insurance company. This is done automatically for retired employees who are members of our Sanitas group health insurance plan.
Health insurance: After retirement, your existing health insurance policy will be continued under the group insurance plan. This also applies to co-insured family members. The employer's contribution to the group health insurance plans at Sanitas and Wincare will also be continued.
Insurance against loss of earnings: This insurance coverage ends automatically when you stop work.