The vested Swisscanto Vested Benefits Foundation of the Cantonal Banks benefits account 2 Table of contents
4 The Swisscanto Vested Benefits Foundation
5 Good reasons for a vested benefits account
6 Opening the account
7 Your advantages
8 Investment saving
9 Liquidation options
10 Our partners
3 The Swisscanto Vested Benefits Foundation
An important partner to the Cantonal Banks
The Swisscanto Vested Benefits Foundation of the Cantonal and maintain their own company foundation. Now ten Banks was founded on 01/01/1996 following the entry into Cantonal Banks, with around 50,000 accounts, have joined effect of the Federal Law on Vesting in Occupational Old- the Swisscanto Vested Benefits Foundation. Age, Survivors’ and Disability Benefit Plans (LVOB). This gave the Cantonal Banks the opportunity to transfer the manage- The Swisscanto Vested Benefits Foundation is monitored by ment of vested benefits accounts to the Swisscanto Vested the supervisory authority «BVG- und Stiftungsaufsicht beider Benefits Foundation. They were no longer obliged to found Basel» (BSABB).
4 Good reasons for a vested benefits account
In what cases can a vested benefits account be opened?
If you immediately begin new employment upon leaving your case that you cannot or are not obliged to transfer your com- previous employer, your pension credit must be entirely trans- plete pension credit to your new employer’s employee benefit ferred to your new employer’s employee benefit institution. institution.
Such a transfer is not always possible: for example when you In these cases the law provides the possibility of opening a temporarily cease gainful activity (further education, stays vested benefits account. The Swisscanto Vested Benefits Foun- abroad, but also unemployment) or if you begin self-employ- dation allows you to do this in an easy and straight forward ment and wish to waive further insurance. It may also be the manner.
5 Opening the account
Where and how can you open a vested benefits account with the Swisscanto Vested Benefits Foundation?
Where and how can you open a vested benefits account with Following your instructions, your former employee benefit in- the Swisscanto Vested Benefits Foundation? So simple: in the stitution will transfer your vested benefits to the Swisscanto same place that you quickly and easily take care of your Vested Benefits Foundation. The account will be opened upon other banking transactions – at the counter of your Cantonal receipt of the vested benefits. We will credit the amount to Bank! your account. You will receive the confirmation of opening, the Foundation’s regulations and your personal vested benefit Your Cantonal Bank advisor can supply the application form statement. as well as all further information and answers to your ques- tions.
You can also request the application form directly from the Swisscanto Vested Benefits Foundation (address and tele- phone number on page 11) or download it at www.swiss- canto-foundations.ch vested benefits foundation.
6 Your advantages
What are the advantages of a vested benefits account with the Swisscanto Vested Benefits Foundation?
Interest rate: • The Swisscanto Vested Benefits Founda- antee means that the canton assumes all liabilities if the tion pays interest on your pension credit at a rate set by Cantonal Bank should not have sufficient funds. Investors the arranging Cantonal Bank. With your Cantonal Bank therefore receive a 100% repayment guarantee. you have the perfect partner to achieve attractive returns Promotion of home ownership: on your vested benefits account. • You can also use your pension credit to finance residential property for your Taxes: • Pension credit as well as interest and investment own use. The Swisscanto Vested Benefits Foundation team income are not subject to direct federal, cantonal or mu- is of course ready to provide additional information. nicipal taxes. Any payment is subject to a separate, lower investment tax rate. • You can find out how to benefit from saving on page 8. Government guarantee: • Our arranging Cantonal Banks enjoy a comprehensive and unlimited government guarantee provided by the cantons. The government guar-
7 Investment saving
Investing individually – including with your vested benefits account
How does investment saving work? You of course want to achieve the best yield possible from your pension credit. The higher the account balance, the higher As a participant in investment saving, various investment your interest in increasing this yield. The Swisscanto Vested groups are available to you for the investment of your pension Benefits Foundation offers you the opportunity to help guide credit. You can find details about the individual investment the investment of your pension credit: via investment saving. groups on our website at www.swisscanto-foundations.ch Investment saving. These investment groups always fulfil the What does investment saving mean? legal investment requirements under OOB2. They are com- Investment saving means that you, as the insured party, help piled and managed by the Swisscanto Investment Foundation. to decide how your pension credit is invested. You participate The Swisscanto Investment Foundation was founded in 1973; in the growth of the economy and stock market, which can its objective is the joint investment for tax-exempt employee offer you higher possible returns but, depending on the invest- benefit schemes. ment group, also higher risks: Investment saving involves per- formance and price risks, for which the Foundation accepts Your pension advisor at the Cantonal Bank is available for no liability. This means that you are entirely responsible for any further questions you may have about investment saving. these risks. You can also find further information on this topic at www. swisscanto.ch Investment Foundations.
8 Liquidation options
When and how can you liquidate your vested benefits account?
Early liquidation of the vested benefits account Retirement benefit You can liquidate your vested benefits account early in the The pension credit is fundamentally paid out as a retirement following cases: benefit when you reach retirement age according to Art. 13 • If you maintain your benefit coverage in a different recog- para. LOB. By written request, this payment may take place nised form. up to five years before this date or up to five years after it. • If you transfer your pension credit to another tax-exempt employee benefit institution. If you receive a full disability pension or federal disability insurance, the pension credit will be paid out early at your With the approval of your spouse or registered partner, you request. can also have your pension credit paid out in cash in the following cases: In the case of death, the pension credit will be paid out to the • If you permanently leave Switzerland. When moving to an beneficiary according to the regulations or according to the EU or EFTA member state, the LOB old-age saving may order of beneficiaries modified by the insured party. only be paid out in cash if you are no longer subject to social insurance obligations in your new country. • If you take up self-employment as your primary gainful activity. The relevant request must be submitted at the latest within one year of the beginning of self-employment. • If your pension credit is less than your annual contribution at the previous employee benefit institution.
9 Our partners
Appenzeller Kantonalbank Schaffhauser Kantonalbank Bankgasse 2 Vorstadt 53 9050 Appenzell 8201 Schaffhausen Telephone 071 788 88 88 Telephone 052 635 22 22 Fax 071 788 88 89 Fax 052 625 38 48 E-Mail [email protected] E-Mail [email protected] www.appkb.ch www.shkb.ch
Glarner Kantonalbank Schwyzer Kantonalbank Hauptstrasse 21 Bahnhofstrasse 3 8750 Glarus 6431 Schwyz Telephone 055 646 71 11 Telephone 058 800 20 20 Fax 055 640 73 10 Fax 058 800 20 21 E-Mail [email protected] E-Mail [email protected] www.glkb.ch www.szkb.ch
Graubündner Kantonalbank St. Galler Kantonalbank Grabenstrasse 1 St. Leonhard-Strasse 25 7002 Chur 9001 St. Gallen Telephone 081 256 91 11 Telephone 071 231 31 31 Fax 081 252 67 29 Fax 071 231 32 32 E-Mail [email protected] E-Mail [email protected] www.gkb.ch www.sgkb.ch
Banque Cantonale Neuchâteloise Thurgauer Kantonalbank Place Pury 4 Postfach 284 2001 Neuchâtel 8570 Weinfelden Telephone 032 723 61 11 Telephone 071 626 6111 Fax 032 723 62 36 Fax 071 626 63 68 E-Mail [email protected] E-Mail [email protected] www.bcn.ch www.tkb.ch
10 Banca dello Stato del Cantone Ticino Viale H. Guisan 5 6500 Bellinzona Telephone 091 803 71 11 Fax 091 803 71 19 E-Mail [email protected] www.bancastato.ch
Urner Kantonalbank Bahnhofstrasse 1 6460 Altdorf Telephone 041 875 60 00 Fax 041 875 63 13 E-Mail [email protected] www.urkb.ch
Swisscanto Investment Foundation Bahnhofstrasse 9 8001 Zurich Telephone 058 344 40 73 Fax 058 344 40 41 E-Mail [email protected] www.swisscanto.ch Anlagestiftungen
Swisscanto Vested Benefits Foundation of the Cantonal Banks St. Alban-Anlage 26 P.O. Box 3855 4002 Basel Telephone 058 280 11 55 Fax 058 280 29 38 E-Mail [email protected] www.swisscanto-foundations.ch Vested Benefits Foundation
11 a 058 280 29 38 Fax Telephone 058 280 11 55 26,St. P.O. Alban-Anlage Box 3855, Basel 4002 Foundation Cantonal Banks Swisscanto Vested ofthe Benefits www.swisscanto-foundations.ch More information at More information
05.2021