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Mission

The Substitute Occupational Benefit Institution is a non-profit organisation with an elementary mandate from the Swiss Confederation: We insure all employers and individuals who wish to join the mandatory occupational benefits scheme (BVG/LPP) – as the only occupational benefits institution in Switzerland.

 

We manage the voluntarily opened and undeliverable vested benefits accounts of over 1.4 million people. This task makes us a safety net for occupational benefits and a strong cornerstone of the second pillar.

The Substitute Occupational Benefit Institution manages total assets of more than CHF 22 billion. Our foundation under private law is supported equally by employee and employer associations. We employ over 200 people at our offices in Zurich, Lausanne and Bellinzona.

Business units

We manage voluntarily opened and undeliverable vested benefits accounts.

Performance and funded status
Facts and figures
Frequently asked questions

The Substitute Occupational Benefit Institution accepts employers who are not able to join an occupational benefits institution.

If employers fail to insure their employees in accordance with the regulations, compulsory membership with us will be implemented.

If a company has not joined an occupational benefits institution despite being legally obliged to do so, we provide the mandatory benefits for employees or their survivors.

We also offer people the option of voluntarily taking out insurance in the second pillar. For example, for:

  • Self-employed persons
  • Employees with multiple employers
  • Employed and unemployed persons who withdraw from the compulsory occupational benefits scheme and wish to continue

Performance and funded status
Facts and figures
Frequently asked questions

Unemployed persons are insured with us against the risks of death and disability, as long as they receive a daily allowance from unemployment insurance.

We enable unemployed persons to voluntarily continue their risk insurance if they withdraw from the compulsory occupational benefits scheme for the unemployed.

Performance and funded status
Facts and figures
Frequently asked questions

We assume the pension benefits if the contract between an occupational benefits institution and a company with employees obliged to pay contributions under BVG/LPP is terminated. If an affiliation with a new occupational benefits institution is not made in good time, the company will be compulsorily affiliated with us.

Facts and figures
Frequently asked questions

The Substitute Occupational Benefit Institution in figures

Key figures
2023
2022
2021
Number of accounts/active insured persons
1’615’435
1'539'610
1'509'050
Number of pension recipients
13’258
12'819
12'297
Revenue (+) / expenditure surplus (-)* in CHF
844’322’949
-1'513'346'958
366'670'627
Return of Investments
3.9%
-6.8%
1.8%
TER cost ratio
0.10%
0.11%
0.11%
Cost transparency ratio
100%
100%
100%
Balance sheet total in CHF
22’856’519’610
20'777'391'839
21'079'040'466
Key figures
Number of accounts/active insured persons
2023
1’615’435
2022
1'539'610
2021
1'509'050
Key figures
Number of pension recipients
2023
13’258
2022
12'819
2021
12'297
Key figures
Revenue (+) / expenditure surplus (-)* in CHF
2023
844’322’949
2022
-1'513'346'958
2021
366'670'627
Key figures
Return of Investments
2023
3.9%
2022
-6.8%
2021
1.8%
Key figures
TER cost ratio
2023
0.10%
2022
0.11%
2021
0.11%
Key figures
Cost transparency ratio
2023
100%
2022
100%
2021
100%
Key figures
Balance sheet total in CHF
2023
22’856’519’610
2022
20'777'391'839
2021
21'079'040'466

* before change in value fluctuation reserve

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