Multiple jobs? No problem!
Do you have employees who have several jobs with salaries below the entry threshold? – One example:
«My three employers can now each insure me under AN Plus. That means I can look to the future with much greater peace of mind.»
Problem
If someone works in several part-time jobs with annual salaries below the entry threshold, this person is not mandatorily insured – even if the sum total of the various annual salaries exceeds the entry threshold of CHF 22'680. In other words, there is no automatic membership of a pension fund. In such cases, although the Substitute Occupational Benefit Institution does offer the employee pension scheme on behalf of the Confederation, there is also a coordination deduction under the employee scheme, which means that the insured salary is low.
Solution
Employees with several employers and salaries below the entry threshold can be voluntarily and individually insured much better by each of their employers with AN Plus. They too benefit from the low entry threshold of CHF 2'500 and the absence of a coordination deduction. For each of these part-time jobs, 100% of the salary is insured on a super-mandatory basis. This makes retirement planning and protection against disability and death possible for people working multiple jobs.
Example: Multiple employment with salaries below the entry threshold
Antoinette is a cleaner and works for three different employers at the same time. The salary for all three jobs is below the entry threshold – but taken together, it is higher. Two employers have decided to insure Antoinette with AN Plus:
MA-Plan: The sum total of Antoinette’s three salaries exceeds the entry threshold and she can therefore be insured with the Substitute Occupational Benefit Institution under the MA-Plan. As a result, her three employers are obliged to pay the employer contribution of 50%. However, after the coordination deduction, only CHF 7'540 of her total pay is insured.
AN Plus: Because Antoinette is now insured with AN Plus by two of her three employers, she benefits from the low entry threshold and the absence of a coordination deduction. There are now two separate salaries, each of which is insured at 100%. This means that she can also save for her retirement and is protected in the event of disability or death.
MA-Plan: The sum total of Antoinette’s three salaries exceeds the entry threshold and she can therefore be insured with the Substitute Occupational Benefit Institution under the MA-Plan. As a result, her three employers are obliged to pay the employer contribution of 50%. However, after the coordination deduction, only CHF 7'540 of her total pay is insured.
AN Plus: Because Antoinette is now insured with AN Plus by two of her three employers, she benefits from the low entry threshold and the absence of a coordination deduction. There are now two separate salaries, each of which is insured at 100%. This means that she can also save for her retirement and is protected in the event of disability or death.
