RESPECT FOR EXISTING AGREEMENTS. Existing company schemes that cover the entire employee groups covered by this collective agreement can replace Pension for salaried employees Pension for Salaried Employees – PFA Pension under the following conditions: The contribution in the scheme must always be at least equal to the collectively agreed contribution, and the insured (or their dependants) must be guaranteed at least an old-age pension, cf. below, and a one-off sum of DKK 60,000 in the event of death and disability. If these conditions have not already been satisfied, the company must make sure to modify the scheme. In connection with any fu- ture modifications to the contribution level, the company is entitled to withhold an amount from the employee's wages corresponding to the collectively agreed employee contribution to the pension scheme. At least 50% of the pension contribution to a pension scheme must be used for a lifelong benefit (annuity). However, where a pension is phased-in, contributions must be made in advance to the insurance elements stipulated in the collective agreement, so that the share of the pension contribution to be used for annuity can be less than 50%. The above requirements apply to all pension schemes covered by the Collective Agreement for Shops. Pension agreements already entered into at companies covered by collective agreements, where the pension contribution to an instalment and/or capital pen- sion exceeds 50%, may be retained. Similarly, agreements which deviate from the above entered into with parts of capital chains covered by collective agreements and members of Dansk Erhverv Arbejdsgiver may be maintained by subsequently entering into a collective agreement for shops/departments owned by the same capital chain that are not covered by collective agreements at the outset. Companies that will be covered by the collective agreement in the future – be they current or future members of Dansk Erhverv Arbejdsgiver – will have a pen- sion obligation at the time the collective agreement comes into force. The condi- tions that existing pension agreements entered into by such companies may be considered to satisfy the pension obligations of the collective agreement are that the agreements should have been entered into before the demand for a collective agreement was made, that the conditions listed above concerning compliance with other agreements have been satisfied (requirements relating to the benefit structure), and that any necessary adjustment of the agree...
