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Glossary

Partial Liquidation

A Partial Liquidation of a Pension Fund takes place when a substantial share of insured members leave, for example in the event of significant workforce reductions, a restructuring or the termination of an affiliation agreement. Not only the retirement savings but also a proportionate share of free reserves or any underfunding is transferred.

At a glance

01

Triggers include a significant reduction in headcount, a restructuring or the termination of the affiliation agreement (BVG Art. 53b).

02

Departing members receive not only their retirement savings but also a proportionate share of the fund's free reserves; in cases of underfunding, a corresponding share is deducted.

03

The process is governed by a Partial Liquidation regulation and supervised by the supervisory authority.

Frequently asked questions

You receive your retirement savings together with a proportionate entitlement to the fund's free reserves. If the fund shows an underfunding, a corresponding share may be deducted. The precise rules are set out in the Partial Liquidation regulation, which is reviewed by the supervisory authority.

Part of the topic

Vorsorge & Pensionierung

Sources: Bundesamt für Sozialversicherungen (BSV) · Systematische Rechtssammlung (fedlex)