The purpose of the foundation is to provide for the employees of the company and their survivors against the economic consequences of old age, disability, and death, as well as to support the beneficiary or their survivors in cases of need such as illness, accident, disability, or unemployment. The foundation may also make contributions to other tax-exempt pension funds for the benefit of the beneficiaries to finance contributions and insurance premiums. In particular, it can finance regulatory employer contributions within the framework of the aforementioned pension funds. The foundation's purpose can be fulfilled: through an autonomous pension fund, provided the insurance technical requirements are met; through insurance contracts, whereby the foundation must be the insured and the beneficiary; through a retirement savings fund, possibly with supplementary risk insurance. The foundation may, by resolution of the board of trustees, through a written accession agreement that must be brought to the attention of the supervisory authority, also include the personnel of companies economically or financially closely linked to the company, provided that the foundation is provided with the necessary means and the rights of the existing beneficiaries are not impaired.
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