translate English to French: There are two options at retirement - at the participant’s choice the accumulated 2nd pillar pension capital will be added to the 1st pillar pension capital for calculation of the total old-age pension, based on the NDC scheme formula, or transferred to the life insurance company, which subsequently will provide a whole life annuity.
Il existe deux catégories de fonds de pension privés (FPP): les fonds ouverts, qui peuvent offrir des services à tout le monde et les fonds fermés, qui ne sont accessibles qu’aux salariés des fondateurs des fonds de pension.