It's important to us to explain the complex topic of the occupational benefit scheme as comprehensibly as possible. However, sometimes we cannot get around using technical terms. In our glossary we explain these technical terms briefly and in a reader-friendly manner.
Federal Social Insurance Office
The Federal Social Insurance Office (FSIO) comes under the Federal Department of the Interior (FDI) and is, by analogy with the Federal Office of Private Insurance (FOPI), the highest authority vested by the Federal Council with the responsibility of supervising social insurance.
Final vested retirement assets, projected
This term refers to the hypothetical final vested retirement assets (BVG/LPP) at regulation retirement age.
The full amount, consisting of retirement credits and interest, is also referred to as the projected final vested retirement assets with interest. A rate of conversion is used with this value to calculate the BVG/LPP old-age pension.
Fund-linked life insurance
In the case of fund-linked life insurance, the portion of insurance contributions which are normally invested in the unearned premium reserve (savings portion) is used to acquire fund units. There are life insurance policies which allow the policyholder to choose from a range of funds, as well as policies which allow the policyholder to simply select an investment focus (bonds, equities, real estate, etc.).