ADMINISTRATION COSTS IN COMPANY PENSION SCHEMES. The parties agree it is of central importance that the administrative costs of company pension schemes are responsible, and that the costs should be kept at an appropriately low level. Costs should therefore correspond at all times to the supplements allocated to individual employees/pension recipients. Guidance on change of pension provider The following rules shall apply when there is a change of pension provider: Enterprises covered by the collective agreement that wish to change their pension provider are permitted to do so. However, this does not apply to enterprises 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, enterprises 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: • A ballot on the change of pension provider shall be held among the employees at the enterprise who are entitled to a pension. • The enterprise must inform the employees of the details and consequences of any change. If a majority of the votes cast are in favour of a change in provider, then this can take place. • The conditions set out in the collective agreement for a change of provider must be met. These conditions are that there must be disability and death cover of at least DKK 60,000 and a old-age pension. • The transfer of the employees’ deposits in conjunction with a change must take place at no cost to the employees. Therefore no deductions may be taken from the deposits by either the ceding enterprise or the receiving enterprise. It is often the enterprise that takes the initiative to change pension providers, sometimes at the request of the employees. It is important for the employees that the process for changing pension providers should be handled in a satisfactory way.
ADMINISTRATION COSTS IN COMPANY PENSION SCHEMES. The parties agree that it is important that the administration costs in company pension schemes are reasonable and that the costs should be kept at an appropriately low level. The costs should therefore always correspond to the benefits received by the individual employee/pensioner. 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. Enterprises covered by the collective agreement that wish to change their pension provider are permitted to do so. However, this does not apply to enterprises 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, enterprises 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: • A ballot on the change of pension provider shall be held among the employees at the enterprise who are entitled to a pension. • The enterprise must inform the employees of the details and consequences of any change. If a majority of the votes cast are in favour of a change in provider, then this can take place. • The conditions set out in the collective agreement for a change of provider must be met. These conditions are that there must be disability and death cover of at least DKK 60,000 and an old age pension. • The transfer of the employees’ deposits in conjunction with a change must take place at no cost to the employees. No deductions may therefore be made from the deposits by either the ceding enterprise or the receiving enterprise. It is often the enterprise that takes the initiative to change pension providers, sometimes at the request of the employees. It is important for the employees that the process for changing pension providers should be handled in a satisfactory way.
