The purpose of the foundation is to provide care for the employees of the company and their dependents against the economic consequences of old age, disability and death. This purpose can be fulfilled in particular by providing voluntary additional benefits to the regulatory pension benefits for old age, disability and death, providing voluntary purchase benefits for the regulatory pension of employees, providing benefits to finance contributions and insurance premiums to other tax-exempt employee benefit institutions that exist for the benefit of the beneficiaries. However, the employer's contributions can only be made from the foundation's funds if contribution reserves have been previously accumulated and separately disclosed (employer contribution reserves). Furthermore, the foundation aims to support employees and their dependents in cases of need, such as illness, accident, disability or unemployment. The foundation can also, by decision of the foundation board, which must be notified to the supervisory authority, include the personnel of companies economically or financially closely related to the company, provided that the necessary funds are made available to the foundation and the acquired rights and entitlements of the previous beneficiaries are not impaired.
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