White-collar staff with a pensionable salary above 10 base amounts may, as per the collective agreement, choose an alternative insurance policy for their ITP occupational pension other than the traditional version. Just choose an insurance policy based on the same premium as a traditional ITP. The available choices allow you to individually tailor the pension insurance that Volvo pays. As of 2011, VFF Pension can no longer be selected as an alternative ITP.
You have the right to transfer the assets in your insurance policy with us to any insurance provider of your choice provided pay-outs have not already begun.
The transfer fee is 0.25% of the insurance capital, but no less than 800 SEK. If the level of consolidation is lower than 100%, the transferable annuity is adjusted downward with a market adjustment factor.
There is a three month period of notice for cancellation starting from the month after we receive complete documentation. Once the insurance capital has been transferred you cannot change your mind, and VFF Pension´s responsibility comes to an end.
Contact Benefit World 020-23 30 40 for more information about details of the transfer process.