Transfer from another pension plan
If you relocate your practice, your memberships in the chamber and the pension fund will transfer with you. This is because mandatory membership generally applies at the location where you practice your profession. Furthermore, pension entitlements you have already accrued can be transferred to the new pension fund under certain conditions. This means there are no (geographical) limits to your personal development.
Like all German pension funds, the SÄV participates in the German and European coordination procedures (EC Regulations 883/2004 & 987/2009). Under these regulations, your mandatory membership generally applies in the German state or EEA country where you practice your profession. Voluntary continuation of coverage or reimbursement of contributions is only possible to a limited extent. Previous periods of insurance are recognized in the participating systems - which is important, for example, for the waiting periods required for benefits. In the event of retirement, partial pensions are paid out according to the respective local rules and the contributions you have paid (pro-rata calculation).
We would be happy to inform you about the individual requirements and consequences of a transfer.
Transfer of Contributions
If you switch pension schemes, you have the option of having your previously paid contributions transferred to our pension scheme. This transfer means that we will treat your contributions actuarially as if they had already been paid to the SÄV at the time they were due.
The transfer agreements - standard forms – in place between Sächsische Ärzteversorgung and other German pension schemes, which govern the transfer of contributions.
To apply, please complete the transfer application form.
Conditions for transfer to the new pension fund
- At the time of the transfer, the contributor has not yet reached the age of 50,
- contributions have not been paid for more than 96 months in the previous pension fund, and
- the transfer was requested within six months of the transfer to either the receiving or the transferring pension fund.
Things change. Let us know!
Please let us know if any relevant information regarding your membership changes! This could include a new address, a change in employer, or an interruption of your medical activity or a change of practice location.
Frequently Asked Questions About Changing Pension Plans
If, as a result of practising several professions simultaneously in different federal states, you are a member of several state medical associations or state veterinary associations, this constitutes dual membership. To avoid membership and therefore the payment of contributions to several pension schemes at the same time, all contributions can be settled through a single pension scheme. Which pension scheme is responsible for you and from which you can be exempted from compulsory membership depends on various factors. We would be happy to advise you on this.
- Voluntary continuation of your existing membership or a refund of contributions already paid is only possible under certain conditions and, in most cases, only to a limited extent.
- Periods of cover from a previous insurance scheme are generally recognised by the participating pension schemes or social security systems. This is particularly relevant for qualifying periods, which are a prerequisite for entitlement to benefits in many countries.
- If you have been a member of several pension schemes or systems during your working life, you will receive partial pensions from the respective institutions upon retirement – in accordance with the regulations applicable there and based on your contribution periods or periods of residence.
A pension transfer allows contributions to be consolidated so that future pension entitlements are, where possible, not spread across multiple pension schemes. From a financial perspective, it is not possible to provide general advice or recommendations, as different pension schemes use different methods to calculate accrued entitlements and pursue different investment strategies.