Criteria for the guarantee

Where several employers or several associations which are not closely related in economic or financial terms are affiliated to a benefit scheme, the Guarantee Fund guarantees the benefits for each insolvent group of insured (all employees of an employer insured pursuant to the affiliation contract with the benefit scheme; benefit fund) (Art. 56 para. 3 in conjunction with art. 56 para. 1, letters b. and c. LOB).

A group of insured is insolvent if it cannot pay statutory or regulatory benefits which are due and restructuring is no longer possible (Art. 25, para. 1 SFV).

The restructuring of a group of insured no longer possible if the employer is in arrears with premium payments and bankruptcy or similar proceedings have been opened against him (Art. 25, para. 2, letter b. SFV).