General social insurance system

The social insurance system in Liechtenstein and Switzerland corresponds with the three-pillar system.
Social insurance system Liechtenstein
3-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.

Three pillar system

Source: Wealth Planning, Credit Suisse

AHV/IV (old age and survivors / disability insurance)

Employees of HAG in Liechtenstein

► Compulsory insurance with the Liechtenstein AHV/IV
AHV/IV Anstalt Vaduz
Gerberweg 2
FL – 9490 Vaduz
Tel. +423 238 16 16
 
 
Employees of HIBAG in Switzerland

►Compulsory insurance with Swiss AHV/IV
Ostschweizerische AHV-Ausgleichskasse
Lindenstrasse 137
CH – 9016 St. Gallen
Tel. +41 (0)71 282 35 35

 
Obligation to contribute

  • From 1 January after the age of 17
  • The entire earned income is subject to the obligation to contribute (no ceiling)
  • Employers and employees make a contribution.
  • Liechtenstein: only liable to contribute up to retirement age
  • Switzerland: also liable to contribute during retirement but with tax-free allowance per month

 

 

AHV/IV insurance benefits

  1. Retirement pension
  2. Survivor's pension
  3. Disability pension

 
1. Retirement pension

  • Ordinary retirement age
    • Liechtenstein: Women and men 64 years. From year 1958 at 65 years for both men and women
    • Switzerland: women 64 years, men 65 years
  • Advance withdrawal or deferment is possible; percentage reduction or supplement of the pension

 
2. Survivor's pension

  • Widow/widower's pension or orphan's pension

 
3. Disability pension

  • Insured persons entitled to disability pension benefits are those who are expected to be permanently or partially unable to work for a long period of time due to a health risk. It is irrelevant whether the disability is physical or mental and whether it was caused by a birth defect, illness or accident.

UNEMPLOYMENT INSURANCE (ALV)

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
  • The decisive factor is the average of the gross salary incl. prorated special payments over the last six months before termination of employment. This amount is reduced by the statutory deductions of an average single employee in Austria. In principle, 55% of the calculated net amount is subject to charges. If you have very low earnings and/or duties of care, this may result in a more favorable calculation.

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

 

Health Insurance in Austria

Private health insurance
It is compulsory to take out health insurance. Health insurance coverage must be in place from the first day of employment and proof of health insurance coverage must be shown to Hilti AG or HIBAG. You are completely free to choose your health provider, i.e. there is no prescribed company health insurance. You must have chosen an insurance provider within three months and you may only change insurance when entering a new employment relationship. However, this does not affect the change between private insurance providers. Here only the respective contract conditions are to be considered.
 
Cross-border commuters from Austria are subject to health insurance in Liechtenstein, from which you can get exempted by application, i.e. you have to prove that you have health insurance in Austria. In principle one may choose whether to be insured with a Liechtenstein or an Austrian health insurance provider. There are only private health insurance providers in Liechtenstein. In Austria you may choose between the statutory health insurance (Vorarlberg Gebietskrankenkasse - VGKK) or a variety of private insurers.
 
Hilti has concluded a group contract with several companies so that you, as a Hilti employee, (including the members of your family) can benefit from more favorable premiums.

Concordia
Ms Vanessa De Boni
Direct dial: +423 235 09 16
Austrasse 27
FL – 9490 Vaduz

Generali AT
Uwe Zehrer
+43 676 8255 3327
Upon request, the consultations can take place in the Hilti AG building in Schaan.

Mag. Markus Jäger
+43 676 528 8078
Upon request, the consultations can take place in the Hilti AG building in Schaan.
 
Please arrange consultation appointments directly with the different providers so that you can compare the individual offers and select the best option for you.

You are completely free to choose your health provider, i.e. there is no prescribed company health insurance. Hilti pays a monthly contribution towards the health insurance premiums that would otherwise have to be paid directly by the employee.
This contribution is legal prerequisite and in each case amounts to 50% of the basic insurance required in Liechtenstein (pro-rata for part-time employees; half the amount up to 20 years).
 
Statutory health insurance
The Vorarlberg Gebietskrankenkasse (regional health insurance) offers a voluntary self-insurance (ASVG) that also insures the non-employed spouse and any children. Details can be found on the website of the VGKK or:
Vorarlberg Gebietskrankenkasse VGKK. Direct link to co-insurance of relatives.

In the event of absence due to illness, HAG/HIBAG pays 100% of the salary for two years. There is no obligation for the employee to pay a premium.
 

E-CARD

Anyone in Austria who has health insurance through a statutory social insurance scheme, or, for example, has health insurance through their spouse, receives a personal chipcard/e-card. The e-card is your personal key to electronic healthcare. You can quickly and safely determine your entitlement to treatment with the e-card.
The e-card is a very important electronic document. It must therefore be brought along to and submitted for treatment at every doctor's visit or for treatment in one of the social insurance and health care institutions. Find more information on this subject here.

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 / MOTOR VEHICLE INSURANCE IN AUSTRIA

We urgently recommend that you take out personal liability insurance and home contents insurance. These policies are common in Europe. Often, proof that you have taken out personal liability insurance will be requested at the time you conclude a rental agreement for an apartment.
 
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 of motor vehicle insurance vary highly depending on the type of car, and there are also major differences with the insurers. Therefore, it pays to get and compare different offers beforehand.
 
Before a motor vehicle can be registered with a registration office of the insurance companies, liability insurance must first be taken out.
Please note: in Austria during winter (from November 1), winter tires must be fitted on the vehicle. Otherwise, the car liability insurance company is entitled to decline a claim in case of damage.
 
Special discount for Hilti employees

Mag. Markus Jäger
+43 676 528 8078
Upon request, the consultations can take place in the Hilti AG building in Schaan.

Generali: Premium reduction up to 15% on vehicle, home contents and personal liability, building, travel and legal expenses insurance.