Switzerland is one of the richest countries in the world and offers an excellent standard of living. Although the latter is based on hard work and a high level of education on the one hand, it is also attributable to a well-thought-out social benefit system for employees. This high living standard is guaranteed in case of illness or disability, as well as during retirement and old age.
Social security is covered by:
Health Insurance (HI/KV) and Income Compensation (IC/EO) allowance in the event of maternity
Old-Age and Survivors Insurance (OASI/AHV) and Disability Insurance (DI/IV), consisting of the 3 pillars: AHV-IV/OASI-DI (1st pillar), Occupational Pension OP/BV (2nd pillar) and voluntary private pension plan (3rd pillar