The foundation aims to provide for the employees of the company and the economically and/or financially closely related companies, as well as their surviving dependents, against the economic consequences of old age, disability and death, exclusively in the income range above 150% of the upper limit according to Art. 8 para. 1 BVG, which is no longer covered by the Security Fund (SiFo). Since the foundation only serves the purpose of providing supplementary pension benefits with the option for the insured person to choose the investment strategy (so-called 1e plan), it does not guarantee any interest. The foundation may also be joined by the personnel of companies economically or financially closely related to the company, by decision of the foundation board, through a written accession agreement, which must be notified to the supervisory authority, provided that the necessary funds are made available to the foundation and the rights of the existing beneficiaries are not impaired. To achieve its purpose, the foundation may conclude insurance contracts or enter into existing contracts, where it is itself the policyholder and beneficiary.
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