CPVAL is a defined contribution public pension fund based in Sion, Switzerland. Established in 2010, the pension fund is a merger of the provident fund of the employees of the State of Valais (CPPEV) and the provident and pension fund for Teachers of the Canton of Valais (PERC). It is entered in the register of occupational pension schemes in the Canton of Valais and is designed to insure against the financial consequences of disability, old age, and death related to staff Public Service of the State of Valais. The assets of the fund are managed and governed by the board of directors.