Work

Social insurances provide financial protection. For example, in old age, when one is no longer working, when one becomes ill, or has an accident and can no longer work. There is also financial security for relatives when the insured person dies.

This security is guaranteed on one hand by private initiatives, and on the other hand by social insurances and social assistance.

With the exception of health insurance, contributions must be made based on salary for the specified social insurances.

Both the employer and the employee share a specific proportion of the contributions. The state supports this social insurance system and also provides financial contributions.

Health Insurance

Sickness and maternity are covered by health insurance. All persons who have a residence in Liechtenstein must insure themselves with a health insurance company. The health insurance company covers the costs of medical treatment. The insured person must bear part of the costs in addition to the insurance premium.

Retirement Provision

The provision for old age, death, and disability is based on the three-pillar principle.

1st Pillar: This represents state provision.

It covers all employed persons in Liechtenstein and all non-employed persons residing in Liechtenstein, such as housewives or students.

Settlement is made through the AHV-IV-FAK institution.

2nd Pillar: This is the occupational provision for employees with a certain minimum income. It complements the benefits of the 1st pillar.

3rd Pillar: This is the private provision. It is not mandatory and relates to private insurance or provision.

Old Age and Survivors Insurance (AHV)

Women and men born in or before 1957 are pensioned at 64 years. For those born in 1958 and later, the retirement age begins at 65 years. This means that they do not have to work anymore and receive a pension, i.e., money. To receive a pension, one must have worked for a certain period or paid money into the AHV.

Further information, including about early retirement or deferral of the pension, can be found at:

Disability Insurance (IV)

Disability pension means that people with disabilities and support needs receive money.

They should be able to partially or fully support themselves. It is important that they can lead as independent a life as possible.

Integration measures: These take priority. People should be able to work despite a disability. In some cases, this is not possible, or not in the way they would desire. Then these individuals receive a disability pension.

The Family Compensation Fund (FAK)

The FAK provides a one-time birth allowance and a monthly child allowance (child benefit) to parents residing in Liechtenstein and all employed parents in Liechtenstein.

Unemployment Insurance (ALV)

Unemployment means that a person has no job. There can be various reasons for this.

Through unemployment insurance, an insured person receives daily allowances. The daily allowances are limited. You can find the forms and guidelines here:

Social Assistance (WSH)

Social assistance is a government offer. It supports people who do not have enough money to live. Economic assistance is received by people who receive no or very little money from social insurances like unemployment insurance, disability insurance, or old age insurance (AHV). The goal of social assistance is for these people to soon be able to take care of themselves again. You can schedule an appointment for an initial consultation at the Office for Social Services.

Further information can be found here:

Property insurances include, for example:

• Fire insurance

• Theft insurance

• Water insurance

• Glass insurance

• Valuables insurance

• Animal insurance

Here you will find a good summary of the various insurances: