Switching pension provider Sample Clauses

Switching pension provider. Unless otherwise stated in this agreement, the pension scheme shall be estab- lished with: Pension for Salaried Employees – PFA Pension Sundkrogsgade 0 0000 Xxxxxxxgen Ø Phone: 39175000 Compxxxxx xxvered by a collective agreement that wish to change their pension provider may do so. However, this does not apply to companies that have pre- viously had a pension agreement with FunktionærPension or that are otherwise covered by the FunktionærPension portfolio at Pension for Salaried Employees – PFA Pension. Finally, companies which have already entered a pension scheme before entering the collective agreement, and will thus be covered by the pension for salaried employees on accession of the collective agreement, cannot change their pension provider unless the parties come to an agreement on this. The following conditions must be met when changing pension provider: • A ballot on the change of pension provider must take place among the em- ployees eligible for pension at the company. The company shall inform em- ployees about the details and consequences of a possible change. If a majority of the votes cast are in favour of a change of provider, this can take place. • When changing provider, the conditions set out in the collective agreement must be met. • The transfer of the employees' deposits in connection with a switch must be done at no cost to the employees. Thus, no deductions may be made from the deposits, either by the transferring or the receiving company. • Please refer to the guide on changing pension provider, page 97. Please also refer to Agreement on Pension Schemes, page 92, and Free-Choice Account, cf. Section 2(12).
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