How to change the fund?

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How to change the fund?

A member of a voluntary pension fund may change the fund, i.e. transfer the assets from the personal account in a Raiffeisen voluntary pension fund to the personal account in another voluntary pension fund, with payment of the leaving compensation in accordance with Articles of Association of the Fund.
Compensation for leaving the fund is calculated and collected from the total amount on the personal account of a member, and the amount of the compensation depends on the length of the duration of the membership until the termination and it is determined as:

  • 10% for the termination of membership within the first 10 years;
  • 5% for the termination of membership in the 11th and subsequent years.
The leaving compensation is nor paid if the assets are transferred to the personal account in another voluntary pension fund managed by the Raiffeisen Pension Company.
The leaving compensation is not charged to a member which transfers the assets from the personal account to the pension insurance company due to the beginning of payment of the pension disbursements.
On the day of the termination the  membership, the assets are transferred from the Raiffeisen voluntary pension fund to the new account of the fund member. The value of the funds of the fund member is calculated according to the provisions of the Act and regulations of the Croatian Financial Services Supervisory Agency.