There were around a hundred equalization funds in Switzerland at the beginning of the 21st century. These funds manage old age and survivors’ insurance (AHV), disability insurance (IV), the loss of income compensation scheme for militia soldiers and child-bearing mothers (EO) as well as family allowances. The equalization funds collect contributions from employees, the self-employed and the unemployed. They are responsible for disbursing the benefits provided by these insurance programs. Th...
