Individual questions

a) A Spanish citizen (aged 57) left Switzerland definitively at the end of 2006 to settle in Madrid . Can the vested benefit acquired in Switzerland amounting to a total of CHF 65,000.00 (statutory minimum component CHF 60,000.00; over-compulsory component, CHF 5,000.00) be paid out in cash?

The transitional regulation on the cash payment of vested benefits remains valid until 31 May 2007 . Although the person concerned has not yet reached pensionable age, the benefit scheme can pay out the entire vested benefit in cash. The requirements and guidelines of the relevant benefit scheme apply to the cash payment (verification of signatures etc).

b) A Spanish citizen leaves Switzerland permanently at the end of June 2007 to settle in Madrid . Can the vested benefit acquired in Switzerland (same figures as in a above) be paid out in cash?

After the expiry of the transitional period, a cash payment is no longer possible if the person concerned is required to have state social insurance in the new country of residence. The person concerned has not yet reached ordinary retirement age (early retirement would not be possible before age 58) (no retirement benefit is therefore payable). If the compulsory social insurance requirement is confirmed by the appropriate authority , only the over-compulsory part of the vested benefits (CHF 5000) can be paid out in cash. The compulsory component of the vested benefit (CHF 60,000) must be retained in Switzerland on a blocked account or in a vested benefits policy.

c) A Swiss citizen (age 57) leaves Switzerland permanently at the end of 2007 and settles in Paris . Can the vested benefit (same figures as in a above) acquired in Switzerland be paid out in cash?

The limitation of cash payment possibilities likewise applies to Swiss citizens. After 31 May 2007 , a cash payment is therefore no longer possible if the person concerned must have state social insurance in France . Cash payment of the over-compulsory component of the vested benefits remains possible.

d) A German citizen (aged 52) leaves Switzerland permanently at the end of August 2007 to settle in Berlin . He also has an occupational benefit insurance with the new employer in Germany . Can the vested benefit acquired in Switzerland be transferred to the benefit system of the new employer in Germany?

By entering into a new employment relationship, this person is required to have state social insurance. Cash payment of the vested benefit is therefore not possible. A transfer of the vested benefit to the occupational benefit system in Germany is also prohibited. The vested benefit remains blocked in Switzerland until ordinary retirement age is reached.

The situation would be different if the person concerned were to take up a new employment in the Principality of Liechtenstein. In that case, transfer of the vested benefit to the new occupational benefit scheme is stipulated in the additional agreement on social security with the Principality of Liechtenstein.