The pension fund was founded to secure company pensions and now forms the strong second pillar in the Austrian pension system. It is licensed by the state and organized under private law.

In contrast to statutory old-age provision (first pillar of the pension system), which is financed through the pay-as-you-go system*, pension funds use the funded system**. When you retire, the amount of your benefit is calculated on the basis of your accumulated capital using actuarial principles (such as life expectancy) and is paid out as a lifelong pension.