What are vested benefits?

Vested benefits are the pension assets accumulated in a pension fund (2nd pillar) that the insured retains when they leave their job without immediately joining a new pension fund.
This capital consists of  entry vested benefits transferred from previous pension funds, employee and employer contributions, any purchases made, and interest accrued over time. It remains allocated to retirement provision and can only be withdrawn at retirement age or in certain cases of early withdrawal provided by law.

When leaving a pension fund, if no new affiliation is immediate, the assets must be transferred to a vested benefits institution. This is precisely the mission of the Vested Benefits UP foundation: to receive, manage and grow these assets in complete security until the next affiliation or until retirement.