Geroa Pentsioak EPSV is a Voluntary Social Welfare Entity for employment. This is a private entity with its own legal personality, independent from Financial Entities, that is voluntary and social. Within the Basque Country, its purpose is to complement Social Security pensions. The contingencies it covers are retirement, disability and death of employees for companies and sectors who are members.
EPSVs are Basque Country Pension Plans, and they are regulated and supervised by the Autonomous Community of the Basque Country. There is an entire series of legal and regulatory standards from the Parliament and the Basque Government regulating EPSVs in regards to their establishment, operation, liquidity, etc., so they have certain characteristics of their own that set them apart from pension funds.