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Global Forums > General > Swissinfo: Unclaimed nest eggs lie in wait (Forgotten pension funds)
 
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Swissinfo: Unclaimed nest eggs lie in wait (Forgotten pension funds)

http://www.swissinfo.ch/eng/swiss_news/Unclaimed_nest_eggs_lie_in_wait.html?cid=37799962


Every year, provident funds lose track of tens of thousands of former policy holders - half of them foreign - who would be entitled to pension money. Billions of francs are waiting to be claimed.


Many former policy holders simply disappear into thin air, with no forwarding address. It is estimated that a total of around CHF5 billion ($5.5 billion) remains unclaimed, accumulated in Swiss pension funds.
 
This generally occurs when someone changes employer – even if, in theory, it shouldn’t be possible. In fact, the occupational pensions law states each policy holder is entitled to a free movement service, in other words their pension fund capital is paid on to the provident fund of their new employer.
 
If the policy holder doesn’t find a new employer straightaway, the accumulated assets ought to be deposited in a blocked account with the Substitute Occupational Benefit Institution (SOBI) (see box) or with a bank or insurance company.
 
These assets should remain there until the policy holder asks for the transfer to a new pension fund or until payment at retirement age...

The text you are quoting:

http://www.swissinfo.ch/eng/swiss_news/Unclaimed_nest_eggs_lie_in_wait.html?cid=37799962


Every year, provident funds lose track of tens of thousands of former policy holders - half of them foreign - who would be entitled to pension money. Billions of francs are waiting to be claimed.


Many former policy holders simply disappear into thin air, with no forwarding address. It is estimated that a total of around CHF5 billion ($5.5 billion) remains unclaimed, accumulated in Swiss pension funds.
 
This generally occurs when someone changes employer – even if, in theory, it shouldn’t be possible. In fact, the occupational pensions law states each policy holder is entitled to a free movement service, in other words their pension fund capital is paid on to the provident fund of their new employer.
 
If the policy holder doesn’t find a new employer straightaway, the accumulated assets ought to be deposited in a blocked account with the Substitute Occupational Benefit Institution (SOBI) (see box) or with a bank or insurance company.
 
These assets should remain there until the policy holder asks for the transfer to a new pension fund or until payment at retirement age...


TranslatorJan 24, 2014 @ 15:57
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Re: Swissinfo: Unclaimed nest eggs lie in wait (Forgotten pension funds)
Post 1

Yes and if you dont know where your money is you can write to them, they are in Eigerstr. in Bern and send them a letter ask them where your money is, send a copy of your ID or Auslaender Ausweis, then you would know where your money is. When you know ask them to transfer it to another safe place if you want. Will check their address and put it in here. I know I have it somewhere.

The text you are quoting:

Yes and if you dont know where your money is you can write to them, they are in Eigerstr. in Bern and send them a letter ask them where your money is, send a copy of your ID or Auslaender Ausweis, then you would know where your money is. When you know ask them to transfer it to another safe place if you want. Will check their address and put it in here. I know I have it somewhere.


Dorothy W, Jan 24, 2014 @ 16:52
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Re: Swissinfo: Unclaimed nest eggs lie in wait (Forgotten pension funds)
Post 2

These people can help


Versicherungen, Vorsorge
Eigerstrasse 80, 3007 Bern

031 371 65 38 *

The text you are quoting:

These people can help


Versicherungen, Vorsorge
Eigerstrasse 80, 3007 Bern

031 371 65 38 *


Dorothy W, Jan 25, 2014 @ 00:46
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