REDEMPTION OF PENSION SCHEME Sample Clauses

REDEMPTION OF PENSION SCHEME. The pension scheme may only be redeemed if the insured takes up permanent residence abroad. Redemption shall be subject to the applicable tax rules. Smaller pension funds may be redeemed in accordance with the applicable tax rules. The parties shall agree an upper limit for redemption. As of 1 March 2014, this limit has been set at DKK 8,000.00.
Sample 1
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REDEMPTION OF PENSION SCHEME. The pension scheme may only be redeemed if the insured takes up permanent residence abroad. Redemption shall be subject to the applicable tax rules. Smaller pension funds may be redeemed in accordance with the applicable tax rules. The parties shall agree an upper limit for redemption. As of 1 March 2014, this limit has been set at DKK 8,000.00. Guidance on change of pension provider – Shop Workers’ Collective Agreement and Salaried Employees’ Collective Agreement for Trade, Knowledge and Service THE FOLLOWING RULES SHALL APPLY WHEN THERE IS A CHANGE OF PENSION PROVIDER. These rules are the same within the scope of the Shop Workers’ Collective Agreement and Salaried Employees’ Collective Agreement for Trade, Knowledge and Services and apply to those employees who are covered by these agreements. Companies covered by the collective agreement that wish to change their pension provider are permitted to do so. However, this does not apply to companies which have previously had pension agreements with FunktionærPension or which are otherwise covered by the FunktionærPension portfolio in Pension for salaried employees – PFA Pension. Ultimately, companies which have already entered into a pension scheme before entering into the collective agreement, and which will therefore be covered by the Pension for salaried employees on entering into the collective agreement, cannot make a change of pension provider unless the parties come to an agreement on this. The conditions for changing pension provider are: •
Sample 1
REDEMPTION OF PENSION SCHEME. The pension scheme may only be redeemed if the insured takes up permanent residence abroad. Redemption shall be subject to the applicable tax rules. Smaller pension funds may be redeemed in accordance with the applicable tax rules. The parties shall agree an upper limit for redemption. As of 1 March 2017, this limit has been set at DKK 8,000.00. Guidance on change of pension provider The following rules shall apply when there is a change of pension provider: These rules are the same within the scope of the Shop Workers’ Collective Agreement and Salaried Employees’ Collective Agreement for Trade, Knowledge and Services and apply to those employees who are covered by these agreements. Companies covered by the collective agreement that wish to change their pension provider are permitted to do so. However, this does not apply to companies which have previously had pension agreements with FunktionærPension, or which are otherwise covered by the FunktionærPension portfolio in Pension for salaried employees – PFA Pension. Ultimately, companies which have already entered a pension scheme before entering the collective agreement, and will thus be covered by the Pension for salaried employees upon adoption of the collective agreement, cannot change their pension provider unless the parties come to an agreement on this. The conditions for changing pension provider are: •
Sample 1

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