Job change

What happens to my pension fund assets if I change jobs?

If you change jobs, your pension assets are transferred to the pension fund of your new employer. Alternatively, it can be transferred to a vested benefits account or a vested benefits policy.

The insured person must indicate where the capital is to be transferred to. If no notification is received, a vested benefits account is automatically opened with the Substitute Occupational Benefit Institution after 6 months.

The application for cash payment (transfer of the money to a private account) can be made under certain conditions (see under "Emigration").