Die Sammelstiftung für kleine und mittlere Unternehmen - Vorsorgethemen

Glossar | Glossary

Glossar

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Glossary

1st pillar
2nd Pillar
3rd pillar
Actuarial interest
Actuarial reserve
Adjustable contribution procedure
Age, determining
AHV (OASI) salary
AHV (OASI) – 1st pillar
ALV
Annual salary
Annual salary subject to contributions
Assessment year
Autonomous and semi-autonomous
Board of Trustees
Buying into the occupational pension scheme
Case management
Cash payment
Code of Obligations (CO)
Cohabitation
Collective foundations
Conversion rate
Coordination sum
Cover ratio
Current value
Daily benefits insurance
Early retirement
Equality – equal representation
Family Allowances
Funded pension system
Gross salary
Guarantee fund, LOB
Incapacity for work
Income exempt from contributions
Insured salary
Investment foundation
Investment regulations
Investments
LOB guarantee fund
LOB – Law on occupational retirement
LOB, mandatory
Loss-of-income fund (EO) (EO/maternity insurance)
Lump sum payable at death
Lump-sum withdrawal
Mandatory LOB
Military Insurance (MI)
Occupational pension funds in Switzerland, 2nd pillar
OEHO
Old-age savings, personal
OOB 1–3: Ordinances in connection with LOB
OOB 2 minimum interest rate
Orphan's pension
OV – Ordinance on Vesting
Pension fund
Pension fund (PF)
Pension fund regulations
Pension plan
Pension scheme
Pension schemes
Pensioner‘s child‘s pension
Personal old-age savings
Primacy amount
Primacy of benefits
Primacy of contributions
Regulations of a pension fund
Regulatory conversion rate
Relevant salary
Retirement age
Retirement capital
Retirement credits
Retirement provision
Retirement provision in Switzerland
Risk capacity
Salary
SB – Supplementary benefits
SCC
Staff pension schemes
Supplementary benefits – SB
Surpluses (legal quota)
Technical conversion rate
The actuarial reserve
Transferable vested benefits
Unemployment insurance - ALV
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Contribution rate
In 2011, the contribution rate for unemployment insurance amounts to a total of 2.2% of the gross salary. An annual contribution assessment ceiling of CHF 126,000 applies. A solidarity surcharge of 1% is levied on salaries between CHF 126,000 and CHF 315,000. The employer and the employee pay 50% of the cost.

Benefits
Unemployment compensation
To receive benefits from the unemployment fund, the following preconditions must be met:
- The unemployment must be reported to the local authority or the relevant Regional Employment Centre (RAV)
- Loss of a minimum of two days of work or loss of earnings
- Age: 18 to 64 (women), 18 to 65 (men)
- Must not be an OASI pensioner
- Must have paid contributions for twelve months within the last two years, i.e. must have worked as an employee in Switzerland or abroad. Military, civilian and civil defence service performed in Switzerland will be partially taken into account.
- Must be employable
- Must be actively looking for a new job
For many cases special arrangements exist which we cannot go into in this glossary.
70% of the insured OASI salary is normally paid out as unemployment compensation. 80% of the insured OASI salary is paid out.

Other benefits from unemployment insurance:

Insolvency compensation
In the event of the employer becoming insolvent, the insolvency compensation will cover the loss of earnings for work already carried out for a maximum of three months.

Short-time working hours compensation
Employees affected by short-time working hours will receive pay-outs for some of their salary costs for a certain period of time. This is intended to avoid the need to make staff redundant because of short-term unavoidable downtime.

Bad weather compensation
Bad weather compensation is provided for downtime arising from adverse weather conditions.
Vested benefits account
Vested Benefits Foundation
Vested benefits foundations
Vested benefits policy
Widower's pension
Withholding tax

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