I am a national of one of the EU countries (not Germany), currently working at one of the German universities. As such, part of my salary goes to VBL, which is (if I understand correctly) an additional (in addition to the standard one) retirement fund for people working at universities.
VBL itself comes in two varieties: VBLklassik (default) and VBLextra (I can still opt for this one). VBLklassik has significantly higher guaranteed interest rate, but a pension can be paid only to someone who has been working for at least 60 months. VBLextra does not have this requirement.
I am unlikely to stay at the university for 60 months, so, according to VBL brochures, I should switch to VBLextra. However: does it really make sense? I know that I won't be entitled to VBL pension (which wouldn't be that high anyway), but I want to know if:
- is it possible to transfer money, with accrued interest rate, from VBLklassik to the retirement fund of another EU country?
- in case of money withdrawal from VBLklassik, do I get also the accrued interest rate? (in other words: can I just use this fund as savings account?)
- what else should I know about this system?