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What will happen to all my retirement savings if I move abroad?

Submitted by tanguy.nicole@bcv.ch on Mon, 03/04/2024 - 14:01
  • Read more about What will happen to all my retirement savings if I move abroad?

Until you retire, you will continue contributing to your pension within the system of the country where you are residing. The amount of your AVS pension will be adjusted according to your contributions. Certain conditions apply to specific cases. 

If I leave my job, can my pension be transferred to two vested benefits accounts?

Submitted by tanguy.nicole@bcv.ch on Mon, 03/04/2024 - 13:58
  • Read more about If I leave my job, can my pension be transferred to two vested benefits accounts?

Yes, as long as it is transferred to two accounts at two different institutions.

Why should I make voluntary contributions?

Submitted by tanguy.nicole@bcv.ch on Mon, 03/04/2024 - 13:56
  • Read more about Why should I make voluntary contributions?

Voluntary contributions will allow you to obtain maximum retirement benefits under the agreement signed by your employer.

How is my pension calculated with the conversion rate?

Submitted by tanguy.nicole@bcv.ch on Mon, 03/04/2024 - 13:55
  • Read more about How is my pension calculated with the conversion rate?

Your pension is calculated by multiplying the amount of your retirement savings by the conversion rate. 

My income has increased by CHF 3,000 per month. Can I make voluntary contributions next year?

Submitted by tanguy.nicole@bcv.ch on Mon, 03/04/2024 - 13:53
  • Read more about My income has increased by CHF 3,000 per month. Can I make voluntary contributions next year?

The maximum amount for voluntary contributions will be calculated based on your salary at the time that you decide to pay into your pension. You can use AVENA’s simulation tool to calculate how much you should contribute.

Can I divide my retirement savings between a lump sum and a monthly pension?

Submitted by tanguy.nicole@bcv.ch on Mon, 03/04/2024 - 13:51
  • Read more about Can I divide my retirement savings between a lump sum and a monthly pension?

Yes, you can decide how you want to receive your pension up to the day before you retire.

Who will receive my retirement savings if I don’t have any heirs?

Submitted by tanguy.nicole@bcv.ch on Mon, 03/04/2024 - 13:49
  • Read more about Who will receive my retirement savings if I don’t have any heirs?

The beneficiaries of your lump-sum death benefit are listed in Article 33 of AVENA’s occupational pension fund regulations. If you don’t have any legal heirs, your retirement savings will remain with the Fund.

How can I get a new code for AVENA’s online cockpit?

Submitted by tanguy.nicole@bcv.ch on Mon, 03/04/2024 - 13:41
  • Read more about How can I get a new code for AVENA’s online cockpit?

Contact your AVENA relationship manager or fill out the contact form on our website (lpp-avena.ch/en).

I pledged my retirement savings to purchase a home. Can I still make voluntary contributions?

Submitted by tanguy.nicole@bcv.ch on Mon, 03/04/2024 - 13:39
  • Read more about I pledged my retirement savings to purchase a home. Can I still make voluntary contributions?

Even if you have pledged your retirement savings to purchase a home, you can still make voluntary contributions to your occupational pension.

Can I transfer money from my private pension to my occupational pension?

Submitted by tanguy.nicole@bcv.ch on Mon, 03/04/2024 - 13:37
  • Read more about Can I transfer money from my private pension to my occupational pension?

You can. It will be transferred as vested termination benefits but won’t be tax deductible.

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