Old Age and Survivors Insurance (OASI)

In Switzerland, the term “Old Age and Survivors Insurance” or “OASI” refers to a government-regulated pension scheme run by regional social security offices.

The scheme guarantees a basic old-age pension to its members when they reach legal retirement age. It also guarantees a basic pension to surviving dependents in the event of death.

Membership in this scheme is obligatory for all individuals residing in Switzerland, regardless of whether residents are employed, self-employed or unemployed.

When OASI members are employed, contributions to the scheme are shared evenly between the employee and the employer.

The OASI is commonly referred to by its German acronym (AHV) and its French acronym (AVS).

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