AVS in the Canton of Obvaldo: the compensation fund (cross-border guide)

Context

The cantonal compensation fund is a crucial aspect of the Swiss social security system, and in the Canton of Obvaldo it is managed with care and precision to ensure a living minimum for citizens.

The complementary benefits of the AVS (Old Age Insurance and Assistance) are essential to ensure that all Swiss citizens have a decent standard of living. These benefits include unemployment benefits, care benefits and allowances for workers retiring from the labour market.

In the Canton of Obvaldo, the cantonal compensation fund is managed by the Department of Finance and Social Security. This department is responsible for administering the funds of the compensation fund, ensuring that benefits are delivered on time and providing assistance to citizens who request it.

According to the federal law of 20 March 2003, the minimum amounts of care benefits are set at CHF 1,350 per month for a single person and CHF 2,100 per month for a couple. These amounts are updated annually based on inflation.

The Obvaldo Cantonal Compensation Fund also manages a solidarity fund to help citizens who are in financial difficulties. This fund is funded with contributions from employers and workers, and the amounts are set based on workers' income.

For example, a worker earning 4,500

Operational details

Practical analysis The complementary services of the AVH include the coverage of the costs of health care, care interventions and social services. The cantonal compensation fund provides additional coverage to the performance of the AVS, ensuring a vital minimum. The Swiss social security system, known as AVS (Annex to Swiss Payments), is a fundamental pillar for the country's social security. The cantonal compensation fund is an institution that provides additional coverage to the services of the AVS, guaranteeing a vital minimum to people who need it. Under the federal law of 1948, the cantonal compensation fund provides additional coverage to the benefits of the AVS, which includes coverage of the costs of health care, care interventions and social services. This means that people who need it can access services such as long-term care, rehabilitation and social protection. For example, in the Canton of Obvaldo, the compensation fund provides additional coverage to the performance of the AVS, guaranteeing a vital minimum to people who need it. According to the cantonal law of 2015, the compensation fund provides additional coverage of CHF1,200.00 per month for people who have no other means of livelihood. Cantonal Compensation Fund also provides additional coverage to people This means that people who have other livelihoods are not eligible for additional coverage. In summary, the cantonal compensation fund provides additional coverage to the performance of the AVS, guaranteeing a vital minimum to the people who need it.

Useful planning tools

To estimate your pension strategy, use the pension planner and the pillar 3 simulator.

Key points

Action

• To access the complementary benefits of the AVS, you must be registered with the cantonal compensation fund.
• You can request complementary services through the website of the Canton of Obvaldo.
• The cantonal compensation fund provides additional coverage to the performance of the AVS, ensuring a vital minimum.

Who is allowed

• All Swiss citizens residing in the Canton of Obvaldo can apply for the supplementary benefits of the AVS.
• You must have an annual income of less than CHF 60,000.00.
• Employees and pensioners are eligible for supplementary benefits.

How it works

• The cantonal compensation fund provides additional coverage to the performance of the AVS, ensuring a vital minimum.
• Supplementary benefits are calculated based on annual income and family.
• Maximum coverage is CHF 30,000.00 per year.

Concrete examples

• An employee with an annual income of CHF 40,000.00 and a family of four may apply for AVS supplementary benefits.
• The cantonal compensation fund calculates supplementary benefits based on annual income and family.
• The maximum coverage for this employee is CHF 25,000.00 per year.

Regulations and dates

• The legislation governing the complementary services of the AVS is Job 8 of 1 January 2018.
• Maximum coverage for performance

First day as a cross-border worker? Our practical guide walks you from cantonal registration to your first paycheck.