Supplementary mandatory retirement provision in an occupational pension fund

Who is insured?
INDIVIDUALS WORKING UNDER THE CONDITIONS OF FIRST AND SECOND CATEGORY OF LABOR ARE INSURED IN AN OCCUPATIONAL PERNSION FUND, as per the Ordinance for the categorization of labor. Compulsory retirement insurance is fully paid by the employer in this case.

What are the advantages?
AFTER A CERTAIN NUMBER OF YEARS OF CATEGORIZED WORKING EXPERIENCE THE INDIVIDUAL HAS THE RIGHT to retire earlier as per the Social Security Code. The accumulated funds ensure a periodical personal pension for the period from early retirement until the coming of age for retiring under the third labor category. Any individual has the right to select his SMRP fund freely. He may also change an already selected pension fund.