You get a new job – how will the job change affect your insurance and pension?

When you get a new job, you need to decide what to do with your pension scheme.

If your new employer has an agreement with another pension company, you can contact the pension company and check whether the agreement cover your needs. If your employer does not have a company pension scheme, you can in most cases continue your pension scheme with us. On this page, you can read more about your options before making a decision.  

If you have a pension scheme with another pension company, and if your new employer has an agreement with us, you might consider combining your pension with us. You will not necessarily obtain a financial benefit from combining your pension with one company. However, you may obtain other benefits – e.g. in connection with your insurance and not least the security of having an overview. Talk to us to make sure that you make the right decision.

Tell us what to do with your pension scheme

Remember to contact us if you want to continue your pension scheme after the contributions have stopped. 

If you do not contact us, your pension scheme will automatically be changed into a paid-up policy. That leaves you with your savings only. If the value of your savings is less than DKK 10.900 (2019), the scheme will be terminated.  After payment of fees and charges to SKAT, any surplus value will be paid into your NemKonto.

What will happen to your insurance cover?

If you have a pension scheme with contributions from an employer, you will have some time to consider. Your insurance cover for critical illness, death and reduced earning capacity will remain unchanged for the first three months after contributions have stopped. We use your savings to pay for your tax-deductible insurance cover. If you have non-deductible insurance cover, payment for such cover will be taken from the last contribution.

After three months, all of your insurance policies will expire, and you will be left with only your pension savings. Therefore, it is important that you contact us before the insurance covers expire if you want them to continue beyond the three months. 

If one of the following insurance policies were included in your pension scheme, they already ceased on the date of your resignation: 

  • Health insurance
  • Cancellation of certificate
  • Occupational disability

Read more about your options

You can continue your pension scheme:

If your pension scheme includes both insurance and savings, it might continue:

If your pension scheme only includes savings, you can: