Saving for retirement

How much your employer saves for you and which unit-linked products you choose are important for how much pension you will receive.

You can change to a pension profile that suits you
Full overview of your pension in the Savings app

How to save for retirement

Your employer saves a percentage of your salary up to 12 G towards your pension. The contributions from your employer and the return you receive on the money saved together make up your occupational pension. You decide how the money should be invested.

If you leave the company, you will be deregistered from the defined-contribution pension scheme. After 01.01.2021, you take all accrued pension with you on a pension capital certificate, regardless of how long you have worked at the company.

This is crucial for how much you receive in defined-contribution pension:

How much your employer saves for you
How much you earn in salary
How many years you work
What rate of return you receive on the money

How you can influence your defined contribution pension

The money that your employer saves for your pension is invested in a pension profile that may consist of both equities and fixed income securities. Your employer places all employees in the same investment profile, regardless of whether you have a long or short time remaining until retirement age. You should therefore log in to see your options. The choice you make can have a significant impact on how much you receive in pension payments.

It costs nothing to change investment profile.

Why does a defined contribution pension become a pension capital certificate?

When you leave a job where you have had a defined contribution pension, your accrued pension savings are transferred to aPension capital certificate. By consolidating your pension capital certificates in one place, you save on costs, gain better oversight and receive more in pension.

Pension provider

The pension agreement is provided by DNB Livsforsikring AS (private limited company).

Frequently asked questions about defined contribution pension

When does payout occur?

What happens if you leave your job?

If you leave the company, you will be deregistered from the defined contribution pension scheme, and your pension capital will be transferred to a paid-up policy. If you left your job before 01.01.2021, you must have worked for at least 12 months with the same employer to receive a paid-up policy. After 01.01.2021, you retain all accrued pension regardless of how long you have worked at the company.

What happens if you become ill?

What happens to your defined-contribution pension when you die?

When you die, your pension capital will be paid out to your survivors. First, children under 21 years of age are secured an annual pension of up to 1 G until they turn 21. The remaining pension capital is then used to provide a pension to your spouse/cohabitant for at least 10 years.

If you have neither children under 21 nor a spouse/cohabitant, the pension capital is paid out as a lump sum to your estate. If you also have survivor insurance through your employer, your survivors may be entitled to additional benefits.

Policy conditions - defined-contribution pension with risk cover (pdf)

Saving for retirement

How to save for retirement

This is crucial for how much you receive in defined-contribution pension:

How you can influence your defined contribution pension

Why does a defined contribution pension become a pension capital certificate?

Pension provider

Frequently asked questions about defined contribution pension

Pensions

Saving for a pension

Pension profile

Move pension to DNB

Own pension account

Self-elected pension account

Pensions calculator

Individual pension savings (IPS),

Pension capital certificate

paid-up policies

Garanti Livrente

Plan your pension

Survivor’s pension

My pension