Social Insurance System

Social insurance is funded by Swiss residents. The principle of solidarity applies: the majority of the population pays and individuals and certain groups of people receive support. Usually, social insurance is compulsory. The contributions are deducted directly from employees' wages. Employers, self-employed, and unemployed persons make financial contributions as well.

Social insurance supports persons in certain life situations. It pays a daily allowance, pension, benefits, or covers costs related to illnesses or accidents. All social insurances are state regulated.

• In old-age, in case of death, and invalidity (3 pillars: old-age and invalidity insurance, occupational pension, private pension)
• In case of illness or accident (health and accident insurance)
• In motherhood (maternity compensation)
• In unemployment (unemployment insurance)
• When one has children (family benefits)