Mutation: Suspension

 

Note

Suspension is applied in the case of unpaid leave. Examples could be: unpaid leave for a sabbatical year, unpaid leave after maternity leave. Suspension is not applied in the event of absence due to incapacity for work or if the insured person leaves your company permanently.

 

 

Log in to iTellco.

In the “Customers” tab, click on the “All” button next to the search bar

 

Select the contract for which you want to carry out the mutations by clicking on the contract number itself in the search results.

 

Now open the “Mutations” menu by clicking on it.

 

Select the “Suspension” mutation class.

 

Search for the desired contract and click on the contract number to select it.

 

Select the appropriate category.

 

Search for the desired insured person, or enter the insured person's first name and surname.

 

Enter the mutation date.

 

Enter the suspension type*. (explained below)

 

Confirm the mutation by clicking on the “Confirm” button.

 

 

Explanation of suspension types

In Swiss pension funds, there are specific types of suspension that relate to savings and risk. Here is an explanation of the different types:

1. suspension of savings and risk

• Definition: With this type of suspension, both the savings contributions (retirement assets) and the risk contributions (insurance cover for disability and death) are suspended.
• Consequences: During the suspension, no new retirement assets are accumulated and the insurance cover for disability and death lapses. This means that the insured person will neither accumulate retirement capital nor receive benefits in the event of death or disability during this period.

2. suspension of the risk

• Definition: In this case, only the risk contributions (disability and death insurance) are suspended, while the savings contributions (retirement assets) continue to be paid in.
• Consequences: The retirement assets continue to build up, but there is no protection against disability or death during the suspension. If a case of disability or death occurs during this period, there are no benefits from the pension fund.

3. suspension of savings

• Definition: In this variant, only the savings contributions (for retirement provision) are suspended, while the risk contributions continue to be paid.
• Consequences: There is no accumulation of retirement assets during the suspension, but the insurance cover against disability and death is maintained. Should an insured event occur during this period, benefits from the pension fund would be guaranteed.

Suspension can take place from the first day on which no salary subject to AHV contributions is paid, up to a maximum of two years.

Each of these types of suspension has a specific impact on retirement provision and insurance cover, and it is important to be aware of the individual consequences before a suspension takes place.