On an average, each citizen has
CHF 10,587.- in vested benefits!
In Switzerland, we pay contributions to the 2nd pillar throughout our working life. Should we change our employer, lose our job, take sabbatical leave, or leave Switzerland permanently, we are often obliged to leave our pension fund.
These amounts that are termed "vested benefits" or "termination benefits" are generally spread across several institutions. As there are more than 1,500 pension funds in Switzerland, the search procedures are long-drawn out.