In the Information sheet FAQ about the Vita Classic Pension Plan Regulations you will find answers to the most frequently asked questions about retirement, death, divorce and many more.
For example:
You can draw an AHV pension (1st pillar) at the earliest at the age of 63, but a pension from the pension fund (2nd pillar) at the age of 58. In both the 1st and 2nd pillars, pensions must be drawn by the age of 70 at the latest. In the pension fund, you have the choice between a pension or a capital withdrawal or a mix of both.
In the event of death before retirement, the spouse's pension is 60% of the maximum disability pension in accordance with the law. In the event of death after retirement, it is 60% of the retirement pension. However, the Vita Collective Foundation also pays a partner pension for life partners if they have lived in the same household for the last five years until the death of the insured person. The specific benefits are set out in the individual retirement provision strategy. It is possible that the partner pension is higher than the statutory minimum benefits.
→ Art. 4.5.1 and 4.5.2 of the Vita Classic Pension Plan Regulations
In the event of a divorce, the entire pension capital saved during the marriage will be divided in half, and half will be transferred to the pension fund of the departing partner. In a traditional family model, the person working a higher number of hours may subsequently have a large gap in their pension fund. It is possible to close these with voluntary purchases. There are specific rules that apply here following a divorce.
