Conditions for entitlement to pension. All employees must have a pension scheme in place once the following conditions have been met: The scheme covers employees who have reached the age of 18. However, the age requirement for trainees is 20. The employee must have been employed continuously for three months at one or more enterprises covered by the collective agreement. This length of service requirement is set aside in cases where the employee was already covered by an occupational pension scheme based on a collective agreement when they were hired. For employees who fulfil the above conditions, it also applies that other conditions agreed between the parties in order to achieve risk coverage and receive insurance benefits must be met. For employees who have reached retirement age and where it is not possible to pay premiums for risk insurance, the full pension contribution goes to the old age pension. For employees who receive old age pension benefits but are still active on the labour market and fulfil the conditions for entitlement to the pension scheme, the enterprise’s pension contributions go to life annuity/discontinuing old-age pension without insurance elements. The enterprise and the employee can enter into an agreement on the enterprise’s contribution being paid as an allowance not giving entitlement to holiday which is paid out annually together with the holiday allowance stipulated in the Danish Holiday Act On resignation, this will be paid together with the last wage payment. Where the enterprise and the employee have agreed that the enterprise’s contribution is paid with the holiday allowance, the enterprise may, from 1 May 2020 choose to pay the enterprise’s pension contribution on an ongoing basis with the wage as an allowance not giving entitlement to holidays. Changes as at 1 May 2020 For employees reaching the retirement pension age on 1 May 2020 or later, the following applies: If the employee remains in employment after reaching retirement pension age, the employee must choose whether to continue savings for their pension (as far as is possible) or whether the pension is to be paid on an ongoing basis as an allowance not giving entitlement to holidays. The insurance coverage ends when the employee reaches retirement age. If the employee fails to make a choice, the enterprise continues paying into the pension scheme. Employees having attained the age of 60 and who are not already covered by the pension scheme, must not have any labour market pension scheme created. For th...
Conditions for entitlement to pension. All employees must have a pension scheme when the following conditions are met: • The scheme covers employees over the age of 20, except trainees/students. However, trainees on level 2 of the retail education programme (retail man- ager), cf. Section 1(5) of Executive Order no. 475 of 26/04/2019, who have reached the age of 20 on 1 July 2020 are entitled to a pension. • The employee must have been employed without interruption for 3 months with one or more companies covered by the collective agreement. This senior- ity requirement shall be disregarded in cases where the employee is already covered by a labour market pension scheme based on a collective agreement when they were hired. • Employees who fulfil the above conditions are also subject to the conditions otherwise agreed between the parties for obtaining risk coverage and receiv- ing insurance benefits. • For employees who have reached retirement age and where it is not possible to contribute premiums for risk insurance, the entire pension contribution shall go to old-age pension. • For employees who receive old age pension benefits but are still active on the labour market and fulfil the conditions for entitlement to the pension scheme, the company’s pension contributions go to life annuity / discontinuing old-age pension without insurance elements. An agreement can be entered into between the company and the employee on payment of the company contribution as a supplement not qualifying for holiday pay, which shall be paid together with the holiday supplement applicable under the Danish Holiday Act (ferieloven). Upon termination, this will be paid together with the last wage payment. Where the company and the employee have agreed that the company contribution is to be paid together with the holiday supplement, the company can instead choose to pay the company's pension contribution on an ongoing basis with the wages as a supplement without entitlement to holidays.
