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Contribution groups

Contribution groups

The pension schemes are placed in different groups. An interest rate group, a cost group and a risk group. The groups ensure a fair allocation of return and profit between the pension schemes.
The schemes are placed in the groups depending on their terms and conditions so that schemes in the same group have the same profile. The terms and conditions of the pension scheme determine the group in which it is placed, and it is not possible to move the scheme to another group without changing the prerequisites.

When you are logged in, you can see the interest rate, cost and risk groups of your pension scheme.

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  • Risk groups

    There are three risk groups:

    R1.Company pension schemes

    R2. Pension schemes under which benefits are currently being paid

    R3. Individual pension schemes

  • Cost groups

    There are two cost groups:

    O1. Company pension schemes

    O2. Individual pension schemes

Can the contribution group for the pension scheme be changed?

You cannot move a pension scheme from one interest rate group, risk group or cost group to another yourself. But the placement of the pension scheme may still change over time.

Change of interest rate group

If you have had your pension scheme for many years, the savings may have different guaranteed interest rates depending on the terms and conditions in force when the contributions were made.

When a pension scheme has several guaranteed interest rates, an average guaranteed interest rate will be calculated, and the pension scheme will be placed in the corresponding interest rate group.

If you have contributed a large amount in the past year, this amount may be subject to a lower guaranteed interest than the amount contributed when the scheme was established. This means that the average guaranteed interest rate will change. And as a result, the pension scheme can be moved to a lower interest rate group.

New and changed contribution groups

It is a requirement that the pension schemes in a contribution group have uniform terms and conditions. If this is no longer the case, or if pension schemes are established, which do not match the existing contribution groups, Velliv will change the contribution groups and may create new ones. Then all pension schemes will be placed in the relevant groups.

This way, the interest rate group, risk group and cost group of the pension scheme may change to ensure on an ongoing basis that the pension scheme is placed in contribution groups with corresponding schemes.