The foundation aims to provide occupational pension benefits within the framework of the Federal Act on Occupational Retirement, Survivors' and Disability Pension Plans (BVG) and its implementing provisions for the employees (for the inclusion of the employer, Articles 4(2) and 44(1) BVG are applicable) of the company and economically or financially closely related undertakings, as well as for their relatives and beneficiaries against the economic consequences of old age, disability and death. The affiliation of a related undertaking is based on a written affiliation agreement, which must be notified to the supervisory authority. The foundation may provide additional benefits beyond the statutory minimum benefits, including support benefits in cases of need such as illness, accident, disability or unemployment. The foundation board shall issue one or more regulations on the benefits, organization, administration and financing, as well as on the control of the foundation. It shall define the relationship with the employers, the insured persons and the beneficiaries in the regulations. The regulations or changes thereto may 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. To achieve its purpose, the foundation may conclude insurance contracts or enter into existing contracts, provided that it is the policyholder and beneficiary itself.
Outbound Leads by COHAGA