Your pension fund’s current insurance certificate shows the termination benefits payable as at 1 January of the current year. This figure includes your current retirement capital and the interest earned in accordance with the pension fund’s regulations.
If you take up a new job within one month, the termination benefit is transferred to your new employer’s pension fund and you remain insured under the second pillar. From then on, your new pension fund’s regulations will determine all the contributions you pay and the benefits you receive.
If you decide to take time off between jobs and go on a long trip somewhere, your termination benefit is transferred to the vested benefits account of your choice. The law does not allow the benefit to be paid out directly to you. As soon as you start work again with a new employer and are insured with its pension fund, you can have your savings transferred from the vested benefits account to the new pension fund.