For employees: Retirement

Are you about to retire?

A new phase of life is beginning for you! You have three options for withdrawing your accumulated retirement savings: as a pension, as a lump sum or as a combination of both – each option with individual advantages and disadvantages, depending on your life situation and financial goals.

How would you like to withdraw your retirement capital?

Pension

• Advantages: Regular, lifelong payments ensure financial security and a stable income stream in retirement.
• Disadvantages: Flexibility is limited and all savings remain with the pension fund.

Lump-sum payment

• Advantages: You receive a one-off amount and can freely dispose of your retirement savings – ideal for making larger investments or purchases. In addition, you often benefit from tax advantages, as lump-sum payments are generally taxed at a lower rate.
• Disadvantages: The financial risk is yours, and you are responsible for the long-term management of the assets.

Mixed form (part as a lump-sum and part as a pension)

It is also possible to withdraw only part of the retirement savings as a lump sum (as a fixed amount or percentage) while the rest is converted into a lifelong pension. This combination offers a mix of flexibility and security.

Important note pursuant to Art. 35.1 of the pension fund regulations:

Upon reaching retirement age or in the event of early retirement, insured persons may withdraw all or part of their retirement savings as a one-off lump-sum settlement. To do so, the written request must be received by the foundation no later than upon reaching the early or regular retirement age.

• Married insured persons: The notification must also be signed by the person’s spouse. The foundation checks the signature and may request further evidence.
• Please note the following in regard to the deadline: If the deadline is not met or the required evidence is not provided, the entitlement to a lump-sum withdrawal of old-age benefits is lost.

Procedure

1. Fill out the form Application for lump-sum payment in the event of survival (PDF).
2. Send the completed form by postal mail to the address specified on the form.