Profond Freizügigkeitsstiftung :: Vorsorgethemen

Glossar | Glossary

Glossar

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Glossary

1st pillar
2nd Pillar
2nd Pillar Central Office
3rd pillar
Accident Insurance (UVG)
Actuarial interest
Actuarial reserve
Adjustable contribution procedure
Age, determining
AHV (OASI) salary
AHV (OASI) – 1st pillar
ALV
Annual salary
Annual salary subject to contributions
Assessment year
Autonomous and semi-autonomous
Board of Trustees
Case management
Cash payment
Code of Obligations (CO)
Cohabitation
Collective foundations
Contributions
Contributions, exemptions
Conversion rate
Coordination sum
Cover ratio
Cover shortfall
Current value
Daily benefits insurance
DI – Disability Insurance
Disability Insurance and disability pension
Early retirement
Encouragement of Home Ownership (OEHO)
Equality – equal representation
Exemption from contributions
Family Allowances
Federal social insurance office (FSIO), Switzerland
Financial reporting
FLV – Federal Law on Vesting
FSIO
Funded pension system
Gross salary
Guarantee fund, LOB
Incapacity for work
Income exempt from contributions
Insured salary
Investment foundation
Investment regulations
Investments
LOB guarantee fund
LOB old-age savings
LOB – Law on occupational retirement
LOB, mandatory
Loss-of-income fund (EO) (EO/maternity insurance)
Lump sum payable at death
Lump-sum withdrawal
Mandatory LOB
MI
Military Insurance (MI)
Occupational pension funds in Switzerland, 2nd pillar
OEHO
Old-age pension
Old-age savings, LOB
Old-age savings, personal
OOB 1–3: Ordinances in connection with LOB
OOB 2 minimum interest rate
Orphan's pension
OV – Ordinance on Vesting
Pension card, personal
Pension fund
Pension fund (PF)
Pension fund regulations
Pension plan
Pension scheme
Pension schemes
Pensioner‘s child‘s pension
Personal old-age savings
Personal pension card
Primacy amount
Primacy of benefits
Primacy of contributions
Regulations of a pension fund
Regulatory conversion rate
Relevant salary
Retirement age
Retirement capital
Retirement credits
Retirement provision
Retirement provision in Switzerland
Risk capacity
Salary
SB – Supplementary benefits
SCC
Staff pension schemes
Supervision
Supplementary benefits – SB
Surpluses (legal quota)
Surviving spouse's pension
Swiss Civil Code (SCC)
Swiss GAAP FER 26: Financial reporting
Technical conversion rate
Termination
Termination benefits
The actuarial reserve
Three pillar principle/system
Transferable vested benefits
X
The transferable vested benefit or termination benefit pursuant to Art. 2 FLV is the sum to which an insured person is entitled on leaving a pension plan. The vested benefit consists of:

* Employer contributions
* Employee contributions
* Contributions
* Buy-in contributions, with interest

as of 31 December of the assessment year. In the case of pension funds which are

* based on primacy of contributions in accordance with Art. 15 FLV this corresponds to the LOB old-age savings
* based on primacy of benefits in accordance with Art. 16 FLV this corresponds to the current value of all accrued benefits
* or in accordance with Art. 17 FLV the minimum amount on leaving the pension plan.

A pension plan must inform its insured members annually of their termination benefit under the regulations (Art. 24, para 1, FLV).

Vested benefits also include amounts in vested benefits accounts and policies held with banks and insurance companies.

See also our article: Interest on arrears on termination benefits

Our services: Profond Vested Benefits Foundation

Cf.:

* FLV – Federal Law on Vesting
* Primacy of contributions
* Primacy of benefits
* LOB old-age savings
* Current value of all accrued benefits
* Vested benefits account
* Vested benefits policy
* Vested benefits foundations
Unemployment insurance - ALV
UVG – Accident Insurance
Vested benefits account
Vested Benefits Foundation
Vested benefits foundations
Vested benefits policy
Voluntary pension provision – 3rd pillar
Widower's pension
Withholding tax

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