How to switch from one pension fund or pension accumulation company to another?
Procedure for switching from one pension accumulation company to another.
Participants of the pension accumulation system are entitled to switch from one pension fund being administered by the pension accumulation company to another, if savings in their personal account are sufficient. Participants are entitled to switch to another pension accumulation company as many times as necessary.
If you have entered into a pension accumulation agreement with another company and have plans to switch from it to the SEB Group’s pension accumulation company, you will be required to enter into a new pension accumulation agreement:
If you switch from one pension accumulation company to another, the switching fee will be levied.
Procedure for switching to another pension fund
You may switch from the pension fund being administered by UAB “SEB investicijų valdymas“ to another pension fund of the above company free of charge (any fee will not be levied).
Any person willing to switch from one pension fund to another may do it:
- by logging to the SEB Internet Bank,
- at any unit of SEB bank by submitting an application and his/her identity document.
You may switch from one pension fund to another any business day, except for such days when the State Social Insurance Fund Board calculates and transfers contributions to the accounts opened in the name of the pension system participants. On such days, any application to switch between the pension funds being administered by UAB “SEB investicijų valdymas“ will not be accepted and you will have not have a possibility to switch from one pension fund to another.
The dates when not allowed to switch between the pension funds are specified in the calendar below: