Occupational pensions

Updated: 13. August 2020

Next update: Not yet determined

Pension liabilities

Selected tables and figures from this statistics

About the statistics

The statistics show all pension benefits outside the National Insurance Scheme. What is included in the statistics is public service pensions that are defined benefit and private occupational pensions that can be both defined benefit and defined contribution.

Public occupational pensions:

Government occupational pensions provide a so-called gross pension benefit.

This means that the benefits from the pension scheme are coordinated with

the benefits from the National Insurance Scheme that are paid at retirement age.

The total pension payment will be at least 66 per cent of the pension base -

regardless of the level of benefits from the National Insurance Scheme.

The agreement is subject to a collective agreement. Gross pension schemes are always defined benefit.

Private occupational pensions:

The scheme is based on a net pension benefit: This means that the benefits from the private pension scheme provide a supplementary pension to the National Insurance Scheme. There is thus no coordination between Folketrygden's benefits and the occupational pension. The net pension scheme does not ensure total payments in the same way as the gross scheme: If the benefit from Folketrygden decreases, the total pension payments will decrease correspondingly. Net pension schemes can be defined benefit or defined contribution. For defined benefit plans, the pension is normally determined as a given share of final salary, either as a gross level including National Insurance or as a net supplement to the National Insurance Scheme. Defined contribution pension is a pension scheme where the employer pays an annual agreed contribution, normally as a percentage of salary.

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Name: Occupational pensions

Topic: Banking and financial markets

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Division for Financial Markets Statistics

National level.

Annual

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Statistics on occupational pensions were first published as a magazine article in 2010. Since then, there has been an annual publication of occupational pensions.

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The Financial Supervision Act §1 and 4 and the Statistics Act §3-2

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The population is all pension funds, life insurance companies and the Government Pension Fund (SPK).

The statistics are based on accounting data for pension funds, life insurance companies and the Government Pension Fund (SPK).

The statistics are based on accounting data for pension funds, life insurance companies and the Government Pension Fund (SPK).

The accounting statistics are based on total counts.

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