Own pension account – employee

With own pension account you will get a better overview and more ownership to your own pension. 

Your employers pension provider will automatically create your own pension account. What has been saved from previous employers with contribution pension will be collected on the same account. You can reserve against collecting your pension into one account.  

You get the freedom to choose your own pension provider. Therefore, you can move your pension savings to another provider. If you for example get a new job but do not want to change your pension provider, you will get the opportunity to keep your previous provider. 

If you choose your employers provider your employer will pay the administrative costs. You will pay the management fee for the previous pension savings that will be gathered on the account. If you choose a different provider you will pay the fee yourself, however you will receive compensation from your employer.  

Own pension account is important for those who has contribution pension through employers. Most of the private sector has contribution pension. If you work in the public sector or are retired, you will not be affected by the change.  

Today, employees must work 12 months at one employer to receive pension savings. The own pension account repeals this amendment. This means that regardless of the employment duration employees will receive pension savings.