From: Camille Stebler < >
Date: Tue, 6 Jun 2000 12:02:52 -0700
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>> I also transferred my 2nd pilar money to a "Freizuegigkeitskonto"
>> before leaving Switzerland. But my Bank (Raiffeisen) offers the
>> possibility to invest this money in mutual funds. The Pension
Invest
>> 50 invests about 50% of the money in stocks (worldwide). The
>> performance in 1999 was 11.91%, which is much better than the usual
>> 3-4% of a bank account ("Freizuegigkeitskonto") and I didn't have
to
>> transfer my pension fund and pay all the taxes.

Bela Ban asked:
> Is this before taxes (like the 401K plan) ? If yes, what's the
maximum
> contribution per year ?

The Pension Invest Mutual Funds only work for your retirement money
(2nd and 3rd pilar). I don't know whether you can add some
extra-money. I did not want to do that.
   I used the Pension Invest Mutual Funds only to invest all the money
I had already paid into my retirement funds back in Switzerland, with
the goal to achieve a better performance than leaving the money on a
"Freizuegigkeitskonto". I don't plan to touch this money in the near
future.
   I do have a 401(k) plan here as long as I am working in the US. For
the time being I think of returning back to Switzerland in a few
years. And hopefully it will be possible to transfer then my US 401(k)
money into the 2nd pilar of my new Swiss employer, without too much
tax deductions...

Regards,
Camille

---
Camille Stebler, ETEC Systems, Inc. 
cstebler_at_etec.com, (510) 780-3834
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