PensionDanmark

PensionDanmark is a not-for-profit labour market pension fund established in 1993. It offers defined contribution pension, insurance and healthcare products on the basis of collective agreements covering more than 630,000 individuals employed in 27,700 companies within the private and public sectors. Contribution rates range from 12 to 18% of wages, with the employers paying 2/3 of the contributions and the employees paying 1/3. Since 2006, the company has collected contributions for financing life-long learning initiatives for the members of the pension scheme.