Safeguarding your livelihood
The Swiss social security system is aimed at protecting the residents of Switzerland from risks, thus safeguarding their economic livelihood. These types of insurances are legally compulsory and are – with the exception of health insurance – directly deducted from your salary payments. Employers, self-employed persons as well as unemployed and inactive persons are also obliged to pay contributions to the social insurance schemes. It is not mandatory by law but certainly recommended to take out a household and a personal liability insurance.
The Swiss social security system is divided into five different insurance schemes:
- Old-Age and Survivor’s Insurance (AHV) and Disability Insurance (IV)
- Health and Accident Insurance
- Income Compensation Allowances in case of military service or maternity (EO)
- Unemployment Insurance (ALV)
- Family Allowances
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