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 20 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.

Frequently asked questions

The Substitute Occupational Benefit Institution in figures

Key figure
2022
2021
2020
Number of accounts / active insured persons
1'539'610
1'509'050
1'473'747
Number of pensions paid
12'819
12'297
11'817
Revenue / expenditure surplus
-1'513'346'958
366'670'627
113'621'805
Return of Investments
-6.8%
1.8%
1.1%
TER cost ratio
0.11%
0.11%
0.13%
Cost transparency ratio
100%
100%
100%
Balance sheet total
20'777'391'839
21'079'040'466
19'598'458'697
Key figure
Number of accounts / active insured persons
2022
1'539'610
2021
1'509'050
2020
1'473'747
Key figure
Number of pensions paid
2022
12'819
2021
12'297
2020
11'817
Key figure
Revenue / expenditure surplus
2022
-1'513'346'958
2021
366'670'627
2020
113'621'805
Key figure
Return of Investments
2022
-6.8%
2021
1.8%
2020
1.1%
Key figure
TER cost ratio
2022
0.11%
2021
0.11%
2020
0.13%
Key figure
Cost transparency ratio
2022
100%
2021
100%
2020
100%
Key figure
Balance sheet total
2022
20'777'391'839
2021
21'079'040'466
2020
19'598'458'697
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