Vorsorgestiftung des Kaufmännischen Verbandes Schweiz

Provision for the benefit of the employees of the founder and their dependents against the economic consequences of old age, death and disability, as well as support in cases of need such as illness, accident or unemployment. Institutions or companies that are economically or financially connected to the founder may also join the foundation. The acquired rights of the existing beneficiaries must not be impaired. The accession agreement must be notified to the supervisory authority. The foundation board issues the regulations and guidelines on benefits, organization, administration and financing, as well as on the control of the foundation. It defines the relationship to the employer, the insured persons and the beneficiaries in the pension regulations. The regulations can be amended by the foundation board while preserving the acquired rights of the beneficiaries. The regulations and their amendments must be submitted to the supervisory authority.