Occupational pension provision, within the framework of the Occupational Pension Plans Act (LPP) and its implementing provisions, by protecting the employees and management of the company and any affiliated companies, as well as their survivors, against the economic consequences of old age, disability and death, by providing benefits as stipulated by law. The Foundation may extend pension provision beyond the minimum benefits of the LPP and, if its assets permit, pay emergency allowances in cases of need such as illness, accident or unemployment when the beneficiary is in need. The Foundation Board is competent to decide on the means to achieve the purpose defined in paragraph 1. It may use all or part of the Foundation's assets for this purpose. It may also conclude insurance contracts for the benefit of all or part of the beneficiaries, or take over existing contracts on behalf of the Foundation; the Foundation will then be both the policyholder and the beneficiary. Upon decision of the Foundation Board and with the approval of the company, the Foundation may also decide to extend its activities to employees of other companies with close financial or economic ties to the company, provided that the rights of the company's employees are not prejudiced and each affiliated company provides the Foundation with the necessary financial means to insure its own employees. If necessary, an agreement will be concluded with the affiliated company; it will also specify the provisions applicable in the event of termination of the ties between the affiliated company and the company. The term 'company' hereinafter also includes affiliated companies by agreement. Under no circumstances may the Foundation assume obligations that are legally incumbent on the company outside of its pension obligations in favor of the personnel, nor make payments that have the character of remuneration for work or a similar aspect.
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