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Art. 81 Legal form and organisational structure of the two funds
1 The funds have their own legal personality, and are subject to the supervision of the Confederation. 2 The Federal Council appoints an administrative commission for each fund as executive body. The two commissions specify the contributions to be paid to their respective funds, and the benefits and services to be provided. 3 If necessary, the funds may grant advances to one another or the Confederation may grant advances to either fund or both funds; interest on these loans shall be based on normal market rates. 4 Both funds are exempt from all direct federal, cantonal and communal taxes. 5 The Federal Council shall regulate the details of the two funds; it specifies the basis for calculating the contributions, and defines the principles of their investment policy. It may also amalgamate the funds. |
