Occupational benefit funds - benefits
Occupational pension funds, also called the 2nd pillar, complete the basic 1st pillar AVS/AI/APG system (old age, disability, loss of income). Together, these two insurance systems should ensure that retired people to a large extent maintain their former standard of living.
Old-age provision in occupational benefits plans
Occupational pension funds, also called the 2nd pillar, complete the basic 1st pillar AVS/AI/APG system (old age, disability, loss of income). Together, these two insurance systems should ensure that retired people to a large extent maintain their former standard of living
Disability benefits in occupational pension plans
Occupational benefits plans provide disability benefits to insure financial security for members in the event that they become unable to work due to illness or an accident. These benefits supplement those provided under the first pillar and are based, among other things, on the degree of disability.
Survivors' benefits in occupational benefits plans
Occupational benefits plans provide survivor’s benefits to insure financial security for dependents in the event of the insured person's death. These benefits include a widow's/widower's pension, an orphan's pension, and, if applicable, a one-time lump-sum payment.