Company Pension
A company pension is a pension scheme that a business sets up for its employees. In this arrangement, the employer typically contributes a percentage of the employee’s salary to their pension plan each month. The company pension is also referred to as occupational pension, as it is tied to your job, through which you also contribute to your pension savings.

What Is a Company Pension?
A company pension scheme is an agreement between a company and a pension provider that allows the company to offer their employees a pension scheme with better terms, coverages, and costs than the employee could achieve through a private pension savings plan.
But it is not only at retirement that employees can benefit from the company pension.
Typically, a company pension scheme consists of a pension savings plan and several different insurances, such as health insurance and insurances that protect the employee and their loved ones in case of accidents, illness, or death. This can include, for example, loss of earning capacity, critical illness, and child allowances that are paid to the surviving children until they reach a chosen age.
When an employee is offered a pension scheme through their workplace, they will usually need to decide how the pension funds should be invested and whether the pension savings should be paid out over a number of years or as a lifetime payout.
Types of Pension Savings
The four most well-known types of pension savings are annuity pension, life pension, retirement savings, and capital pension.
Many Danes are not familiar with the differences between these types of savings, which can lead to some unpleasant surprises when they retire. If the right decisions haven’t been made regarding pension savings, the plans and dreams one had for retirement may end up being quite different than expected.
Therefore, it is worth investing time in understanding the opportunities, benefits, and potential considerations of each type of pension savings.
We have made it easy and described the four most common pension savings types below.
If you have questions about business insurances or wish to discuss your company’s insurance solutions, feel free to contact us here.
Would You Like to Set Up a Company Pension Scheme?
For companies considering setting up a company pension scheme for their employees, it can be an overwhelming task to get started.
There are now many pension providers, each offering different solutions regarding terms, coverages, and costs. To find the best possible offer on the market, one would either need to go through all the pension providers or have knowledge of the companies so that they know which direction to take.
For many companies, working with a pension broker is a great help. The pension broker is independent of the pension providers and focuses solely on your wishes and needs, ensuring that you get a company pension tailored to your specific requirements.
We Often Get These Questions
There are no rules or requirements regarding how much a company must contribute to an employee's company pension savings, or whether the company is required to offer a company pension scheme to its employees at all.
No, companies are not obliged to offer their employees a company pension scheme. However, many companies see several benefits in doing so, and it is increasingly considered a given that companies of a certain size have a pension plan.
No, companies are not obligated to pay pension contributions to their employees. However, many companies see several benefits of offering their employees a company pension scheme.
It is individual how many percent one should consider contributing to a pension savings plan. The amount can, for example, depend on one’s overall financial situation, plans, and dreams for retirement, among other factors.
Yes, you can have income from a job while still receiving full public pension.