Match! – New affiliation of an insured person is automatically found
Search and find: BVG Exchange Match compares departure and admission data of insured persons. In the event of a match, the system informs the relevant occupational benefits institutions that the vested benefit can be transferred.
When a person leaves their job, it is all too often the case that their retirement savings capital remains with the pension fund for an extended period. This is because the employee themselves must ensure that the assets are transferred to the new pension fund when they change jobs or to a vested benefits institution if they leave their job for a while.
With BVG Exchange Match, the insured person can be released from this responsibility. As soon as they leave a job, their previous pension fund notifies BVG Exchange Match of their departure. If the person joins a new employer, the new pension fund enters the admission in BVG Exchange Match.
If the system finds a «departure and admission pair», i.e. a «match», the transfer can be triggered automatically.
In order to initiate the transfer of the vested benefit from the old to the new occupational benefits institution, BVG Exchange Match informs the previous pension fund that a new insured person relationship exists. The pension fund can therefore transfer the vested benefits directly to the new occupational benefits institution, even without a corresponding order.
If the new occupational benefits institution stores additional information such as payment details or affiliation number with the notification of joining, the transfer can be carried out even more efficiently thanks to this additional information.
Enormous efficiency gains and avoidance of undeliverable accounts
The shared BVG Exchange Match data pool links an insured person’s previous and new occupational benefits institutions and makes it easy to transfer vested benefits when they change jobs. This ensures that the vested benefit is in the right place and that the insured person can profit from the full benefits of their pension fund.
In the most unfavourable scenario, the insured person will not respond. In this case, the previous pension fund will transfer the assets to the Substitute Occupational Benefit Institution after six months at the earliest and after two years at the latest. We will continue to manage the vested benefit until a responsible person or institution contacts us and claims the assets (for details, see undeliverable accounts). BVG Exchange Match prevents orphaned retirement savings capital from being forgotten and managed over many years.
For specifications and connecting to the service, see How does BVG Exchange Match work? and Technical questions about BVG Exchange Match.
For legal issues, see Legal issues and the general Terms and Conditions of Use of BVG Exchange.
BVG Exchange Match services
- Automatic comparison of reported data of insured persons who depart and join an occupational benefits institution.
- In the event of a «match»: the previous occupational benefits institution is informed that a new insurance relationship exists for the formerly insured person.
- After confirmation by BVG Match, the previous occupational benefits institution will transfer the vested benefit of the insured person directly to the new pension fund, even without a corresponding order.
- Simplified, automated transfer without the insured person’s involvement.