The purpose of the foundation is to provide voluntary pension benefits to the employees of TISCA Tischhauser AG (formerly TISCA/TIARA Group, merged into TISCA Tischhauser AG as of June 29, 2017) and their dependents and beneficiaries, in addition to the benefits of the AHV/IV and the mandatory occupational pension scheme, against the economic consequences of old age, disability, death, and financial hardship (e.g. due to illness, accident, or unemployment). The foundation may also, by decision of the foundation board, through a written accession agreement to 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 rights of the existing beneficiaries are not impaired. The purpose of the foundation can also be fulfilled: a) through an autonomous pension fund, if the technical insurance requirements are met; b) through insurance contracts, where the foundation must be the policyholder; c) through a retirement savings plan, possibly with supplementary, temporary life insurance. The foundation may also provide benefits to other tax-exempt employee benefit institutions that exist for the benefit of the beneficiaries to finance contributions and insurance premiums.
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