"Marc, 62 years old, worked for 25 years in Geneva while residing in Annecy. As he approaches retirement, he is wondering how to recover his Swiss and French rights. Between administrative procedures and financial choices, he wants to avoid pitfalls and optimize his pension. Like him, many cross-border workers are looking for clear answers for a smooth transition."

Understanding the Specifics of Retirement for Cross-Border Workers

Working in Switzerland and residing in France offers advantages, but also specifics regarding retirement. The Swiss system is based on three pillars:

1. First pillar (AVS): Old-age and survivors insurance, mandatory for all workers.

   
   

2. Second pillar (LPP): Occupational pension, mandatory for employees with an annual income exceeding CHF 22,050.

   
   

3. Third pillar: Individual pension, optional, allowing to supplement retirement income.

   
   

Anticipating Administrative Procedures

Retirement is not automatically granted. It is essential to submit a request at least 6 months before the desired retirement date.

For the first pillar (AVS)

• If you have worked only in Switzerland: Submit your request directly to the Swiss Compensation Fund (CSC) in Geneva.

  
  

• If you have a mixed career (France and Switzerland): Submit your request to the CARSAT (or CNAV for Île-de-France) in your place of residence in France. They will forward the E202 form to the CSC.

  
  

Each country will pay the portion of the pension that concerns it, based on the contribution periods.

For the second pillar (LPP)

• Contact your pension fund to find out the payment modalities: annuity, capital, or a combination of both.

  
  

• Anticipate the deadlines, which can vary from a few months to 2 years.

  
  

• Consider the choice between annuity and capital, depending on your personal and financial situation.

  
  

For the third pillar

• Pillar 3a (tied): Can be withdrawn as capital at the legal retirement age, or 5 years before or after, depending on the case.

  
  

• Pillar 3b (free): Can be withdrawn without duration conditions, but penalties may apply in the case of early withdrawal.

  
  

Optimizing Your Retirement: Annuity or Capital?

The choice between receiving a lifetime annuity or a lump sum depends on several factors:

• Annuity: Offers income security but does not allow for passing on capital to heirs.

  
  

• Capital: Allows for greater investment and transfer freedom but requires rigorous management to avoid depleting funds.

It is recommended to consult a wealth management advisor to assess the best option based on your goals and situation.

Conclusion: A Peaceful Retirement Through Good Preparation

Requesting your retirement as a Swiss cross-border worker requires anticipation and understanding of specific procedures. By informing yourself and seeking assistance, you can approach this new phase of life with peace of mind.

And you, have you started preparing for your retirement?