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Social Security Funds Act

Social Security Funds Act

English is not an official language of the Swiss Confederation. This translation is provided for information purposes only and has no legal force.

Art. 1 Legal form and seat

1 A public law institution with its own legal personality is established by the Confederation to administer the OASI, InvI and LEC (AHV/AVS, IV/AI, EO/APG) social security funds. 2 The Institution organises itself, unless this Act provides otherwise, and keeps its own accounts. 3 It is run in accordance with business management principles. 4 The Federal Council determines its seat. 5 The Institution is entered in the commercial register under the name «compenswiss (Ausgleichsfonds AHV/IV/EO)» / «compenswiss (Fonds de compensation AVS/AI/APG)» / «compenswiss (Fondi di compensazione AVS/AI/IPG)» / «compenswiss (Fonds da cumpensaziun AVS/AI/UCG)».

Art. 2 Task

The Institution administers the following social security funds: a. the social security fund for old age and survivors’ insurance (the OASI/AHV/AVS Social Security Fund) under Article 107 of the Federal Act of 20 December 1946 on Old-Age and Survivors Insurance (OASIA/AHVG/LAVS); b. the social security fund for invalidity insurance (InvI/IV/AI Social Security Fund) under Article 79 of the Federal Act of 19 June 1959 on Invalidity Insurance (InvIA/IVG/LAI); c. the social security fund for the loss of earnings compensation scheme (LEC/EO/APG Social Security Fund) under Article 28 of the Loss of Earnings Compensation Act of 25 September 1952 (LECA/EOG/LAPG).

let. a — SR 831.10 let. b — SR 831.20 let. c — SR 834.1