General social insurance system in Liechtenstein
The social insurance system in Liechtenstein and Switzerland corresponds with the three-pillar system.
Social Insurance System Liechtenstein
Three-pillar System
The system is based on the principle that all people living and working in Liechtenstein/Switzerland, as well as their family members, should have their economic existence ensured in cases such as disability, old age and death.
1. Pillar: State pension: serves the purpose of existential insurance
- Old age, survivors’ and disability insurance (AHV and IV)
- Family allowance office (FAK)
- Unemployment insurance (ALV)
2. Pillar: Occupational pension: designed to ensure a familiar standard of living
- Pension Fund (PK) [details can be found in the Pension Fund Regulations]
- Occupational and non-occupational accident insurance (BU/NBU)
- Mandatory health and per diem sickness insurance (KV)
3. Pillar: Self-provision: private pension plan (voluntary)
- The third pillar serves to cover pension gaps that can't be covered by the 1st and 2nd pillars.
- For more information visit this page
Three pillar system
Source: Wealth Planning, Credit Suisse
ALV (unemployment insurance)
Obligation to contribute
- All employees of HAG/HIBAG
- The basis for the contributions is the standard AHV gross salary, however not the entire earned income is subject to the obligation to pay contributions (ceiling)
- Liechtenstein: CHF 10,500 per month, CHF 126,000 per year
- Switzerland: CHF 12,350 per month, CHF 148,200 per year
- The place of work principle applies for the payment of contributions
ALV insurance benefits
- The place of residence principle applies to the receipt of benefits
- RAV Switzerland (place of living CH)
- Amt für Volkswirtschaft (place of living FL)
- Unemployment benefit of 70% or 80% of the insured earnings, if contributions have been made for at least 12 months within the last 2 years
PK (Pension Fund)
Obligation to contribute
- Risk insurance from 15 years
- Old age insurance from 20 years
- Basis for the contributions is the annual wage @ 1.0
- Premium depending on age for employee and employer
Insurance benefits
- Retirement pension
- Spouse's pension, i.e. widow's/widower's pension
- Orphan's pension
- Disability pension
Hilti Pensionskasse
Grünaustrasse 1a
CH – 9470 Buchs SG
Contact: Markus Ebenhoch, SHVem
Accident insurance
When joining the company, all Hilti employees are automatically privately insured by GENERALI against occupational and non-occupational accidents. Family members, however, must be insured separately and at your own cost for health insurance for accidents.
GENERALI Versicherungen
Soodmattenstr. 2
Postfach 1047
CH-8134 Adliswil
Obligation to contribute:
- All employees of HAG/HIBAG
- Not the entire earned income is subject to the obligation to contribute (ceiling)
- Switzerland + Liechtenstein: CHF 12,350 per month, CHF 148,200 per year
Continued pay in the event of an accident:
- 100% for 2 years
Personal liability / home contents
We urgently recommend that you take out personal liability insurance and home contents insurance. These policies are common in Switzerland and Europe. Often, proof of your having taken out private personal liability insurance will be requested at the time you conclude an apartment rental contract.
Motor vehicle insurance
With motor vehicle insurance, there is a distinction between mandatory automobile liability/third-party insurance and voluntary fully comprehensive coverage. The latter covers private risks. Check with your insurance company. The prices for vehicle insurance vary based on type of vehicle and there are great differences between the insurers as well. It is therefore worthwhile gathering and comparing various offers in advance.
Please note: In Switzerland and Liechtenstein, you must fit winter tires (with prescribed profile) in fall/winter. Otherwise, your insurance company has the right to refuse or only partially accept your claim in case of damage.
Special discount for Hilti employees
ZURICH: Premium reduction up to 10% on vehicle, home contents and personal liability, building insurance. The access code for the partner site is: sk4z9Ywu
AXA: Premium reduction up to 15% on vehicle, home contents and personal liability, building insurance.
Mobiliar: Premium reduction up to 30% on vehicle, home contents and personal liability insurance, building insurance for new contracts.
Generali: Premium reduction up to 19% on vehicle, home contents and personal liability, building, travel and legal expenses insurance.
For more telephone numbers and addresses of providers, see Comparis
motor vehicle tax
The prescription and collection of the motor vehicle tax is the responsibility of the Motorfahrzeugkontrolle (MFK), which is the vehicle inspection center. The amount is calculated based on engine size or total weight of the vehicle.
