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Re: swiss-list: AVS/AI (AHV/IV): HELP!!!

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From: Marc Gabriel (click for textversion of email address )
Date: Mon Jul 30 2001 - 21:30:34 PDT


You might be much better off saving 5 or 10% of your salary. Check your
company's benefit plan, they might contribute to your a 401(k) plan (10
or 20% of your savings). Invest this money until your retirement and
you'll see that you might get much more out of it than the 2.3% penalty
for not contributing AVS/AHV. Don't expect to get much out of the
American Social Security.

Marc Gabriel

click for textversion of email address wrote:
>
> Hi everybody,
>
> I'm in Seattle under a H-1b visa, working as a post-doc in a private
> company and being payed by this company.
>
> I did send a form to the Swiss Consulate in Montreal in order to continue
> to pay the AVS/AI (AHV/IV). I was pretty amazed yesterday when I did
> receive the bill (around 10% of my salary (before US tax...)...).
> I was wondering what you guys are doing concerning the AVS/AI (AHV/IV). I
> guess that those who are payed by the Swiss foundation do not have to worry
> about it... but what about those who like me are under a H-1b visa.
>
> Could you please give some information, tips and advices about what to do?
> Would you pay this or would you avoid paying during 2-3 years (-2.3% per
> year and impossibility since May 2001 to "buy" the missing years....).
>
> Thanks,
>
> Pierre

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