Glossary
LECO
Loss of earnings compensation ordinance (compensation for military service)
Lump sum on death
One-off (non-compulsory) sum that the pension fund pays out on the death of an insured member to his or her beneficiaries according to the sequence of beneficiaries as defined in the regulations.
Lump sum option/lump sum payment
The option of receiving occupational benefits in the form of a lump sum, if the regulations provide for this.