The foundation aims to provide occupational pension provision within the framework of the BVG and its implementing provisions for the employees of the company and economically or financially closely related companies, as well as for their dependents and beneficiaries against the economic consequences of old age, death and disability. The affiliation of a related company is made on the basis of a written affiliation agreement, which must be notified to the supervisory authority. The foundation can 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 issues one or more regulations on benefits, organization, management and financing, as well as on the control of the foundation. It defines the relationship with the employers, the insured persons and the beneficiaries in the regulations. The regulations can 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 can conclude insurance contracts or enter into existing contracts, whereby it must be the policyholder and beneficiary itself.
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