The purpose of the foundation is to provide for the employees of the company and their dependents against the economic consequences of old age, disability and death, as well as to support the beneficiaries or their dependents in cases of need such as illness, accident, disability or unemployment. The foundation may also be joined by the staff of companies economically or financially closely related to the company, by means of a written accession agreement, which must be notified to the supervisory authority, provided that the foundation is provided with the necessary means 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, whereby it must be the policyholder and beneficiary. The foundation may also provide services to other tax-exempt pension institutions that exist for the benefit of the beneficiaries in order to finance contributions and insurance premiums.
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