Mission


The occupational benefit schemes’ safety net – competence you can rely on

The Substitute Occupational Benefit Institution is one of a kind: the not-for-profit organisation works on behalf of the Swiss government and is the only pension fund in Switzerland to offer statutory occupational benefits that are available to all employers and individuals. The private sector institution is supported by employee and employer organisations. The institution is a linchpin of the second pillar and guarantees the stability of the system. 

The Substitute Occupational Benefit Institution provides insurance cover to over 1.2 million customers and manages assets in excess of CHF 16 billion. With offices in Zurich, Lausanne and Bellinzona, the institution employs over 190 people. 

What are the duties of the Substitute Occupational Benefit Institution?

Business areas



  • Management of unclaimed vested benefits.
  • Management of voluntary vested benefits accounts.

  • Membership for employers who cannot join an occupational benefits scheme.
  • Membership for employers who do not meet their obligation to insure their employees (compulsory membership).
  • Acceptance of individuals who wish to be insured voluntarily under the 2nd pillar, such as:
    • the self-employed;
    • employees who work for more than one employer;
    • employees and the unemployed who leave a compulsory occupational benefits scheme but would like to continue this cover.
  • Provision of the compulsory benefits for an employee or his bereaved family if his employer has failed to join an occupational benefits scheme despite its legal obligation to do so.

  • Compulsory occupational benefits for unemployed persons against the risks of death and invalidity for as long as they are receiving unemployment benefit.
  • Continuation of risk insurance for the unemployed who leave a compulsory occupational benefits scheme but would like to continue this cover (see also "Occupational benefits").

  • If an occupational benefits agreement between an occupational benefits organisation and a company is terminated, our office supports the companies in question that have staff who are subject to LOB until they join a new occupational benefits scheme. If an employer with staff who are subject to LOB does not voluntarily join a new occupational benefits scheme promptly, the employer will be subject to compulsory membership of the Substitute Occupational Benefit Institution.