Occupational benefit provision (2nd pillar/LPP), which is jointly financed through employer and employee contributions, is a supplementary insurance scheme. The benefits it provides in the event of old age, invalidity or death supplement the benefits disbursed by the AVS/AI scheme. Occupational benefit provision includes all measures that are taken on a collective basis to ensure that the elderly, surviving dependants and the disabled in receipt of AVS/AI benefits are able to maintain in an appropriate manner the standard of living they enjoyed prior to the occurrence of the insured event of old-age, death or invalidity.
Switzerland’s old-age insurance system: A tried-and-tested system – in simple terms
This brochure is designed to provide you with basic information on Switzerland's old-age insurance system. It focuses on the first pillar, OASI, and on the second, occupational pension insurance, but also provides a brief summary of the third pillar, voluntary private provision.