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The orphan’s pension is a benefit of the statutory social insurance. The statutory accident insurance and pension insurance (GRV) are responsible for paying it.
The orphan’s pension is normally paid until the age of 18, but can be extended until the age of 27. Under the following conditions:
during school education or vocational training with more than 20 hours per week
during a voluntary social/ecological year
during the Federal Volunteer Service
if the child is physically, mentally or emotionally handicapped.
At Horizon65 we can help you to determine if company pensions are worth it for you by using our mobile app to simulate its effect on your future taking into your existing investments and potential impact of inflation and taxation.
We regularly help our clients by comparing all the available company pension products on the market using our comparison portal or you can also directly get in touch with our experts to understand if it can be a good option for you.
Download our app and start gaining insight into your current and future finances.