Substitute Occupational Benefit Institution
The Substitute Occupational Benefit Institution is a national occupational benefits scheme. It acts on behalf of the Federal Government as a 2nd pillar fallback and safety net. It is the only benefits scheme in Switzerland that accepts all employers and individuals wishing to join, provided they meet the legal requirements.
Transfer of pension assets in the absence of transfer instructions
As part of its statutory duties, the Substitute Occupational Benefit Institution also accepts pension assets for which the holder has not provided transfer instructions. When an insured person changes employers, their pension assets are usually transferred to the new pension fund or to a vested benefits account. If no transfer instructions are provided, the assets are transferred to the Substitute Occupational Benefit Institution and held there in a vested benefits account.
Tracing occupational pension assets
Form: Enquiry about occupational benefit credit balances
The 2nd Pillar Central Office of the LOB Guarantee Fund Foundation handles all enquiries in relation to occupational pension credit balances. It provides this service free of charge.
Contact details
Substitute Occupational Benefit Institution
Elias-Canetti-Strasse 2
P.O. Box
8050 Zurich
Tel: +41 41 799 75 75
Contact form
Other entities under direct supervision
Investment foundations
Investment foundations are vehicles for the collective investment and management of pension capital. They are subject to supervision by the OPSC. The scope of OPSC supervisory activities includes the review of investment foundations’ statutes, regulations and annual reports.
LOB Guarantee Fund Foundation
The LOB Guarantee Fund Foundation is a national occupational pension institution. Its main purpose is to safeguard pension assets in the event that a pension fund becomes insolvent.