Headquartered in Geneva, the Central Compensation Office (CCO) is the Confederation's central implementing body for first-pillar social security, which covers old-age and survivors' insurance (OASI), disability insurance (DI) and compensation for loss of earnings (APG). It is affiliated to the Federal Finance Administration (FFA) as a main division.
Its key missions are:
- the implementation of tasks that are to be carried out centrally by the first-pillar social security system and the APG, such as bookkeeping, managing central registers and monitoring the movement of funds to and from the compensation funds;
- the processing of OASI and DI pension applications, the payment and management of the benefits owed to beneficiaries abroad pursuant to international social security agreements and the management of the voluntary OASI/DI insurance of beneficial owners;
- the collection of contributions from the Federal Administration and institutions closely affiliated to the Confederation, the payment of the corresponding benefits and the management of the family compensation fund.
The CCO is there to serve its insured persons and partners. Its work is based on the values of responsibility, effectiveness, respect and team spirit.