Switzerland has a solid and effective social insurance network, providing all persons who live and work here ample cover against risks whose financial consequences they may find hard to face on their own.
The Swiss social security system is organised in five sections:
The insurance cover provided by these insurance plans consists in the payment of benefits such as pensions, compensation for loss of earnings or family allowances, or in the reimbursement of expenses caused by disease or accident.
The benefits paid out by the various insurance branches are funded primarily on the basis of social security contributions deducted from salary. Employers participate in the financing except for health insurance. In this case, each insured person pays his/her own premium (see also 2.5 Health Insurance). The state also participates by co-funding the social securtiy schemes except for the occupational benefit plan.