Old-age and survivors' insurance is the main pillar of Swiss social welfare. It aims to compensate, at least partially, for the reduction or loss of earned income due to old age or death.
The SCO is responsible for all old-age and survivors' insurance insured persons resident abroad, including both Swiss citizens and foreign nationals. Its tasks include:
- implementing international social security agreements
- determining the entitlement to a pension and setting the amount
- paying out old-age and survivors' insurance benefits
- managing the current pensions of the nationals of contracting states resident outside Switzerland.