PFA Occupational Capacity
If you fall ill and become unable to work, you can get regular payouts. The insurance will be paid out regularly until you reach your retirement age or until your occupational capacity is regained.
If you have an ordinary deductible pension plan
If you, like most employees with NNE, have a pension plan with tax deductible pension payments, you have PFA Occupational Capacity with income protection. Your insurance plan will provide you with a total income of 80 per cent of your previous salary if your occupational capacity is reduced by minimum 50 per cent for more than 6 months and your salary falls below your insurance cover.
The insurance tops up your income, so that your total income amounts to 80 per cent of your previous salary regardless of whether you are receiving sickness benefits, public early retirement pension, job rehabilitation benefits or similar. The objective of this insurance plan is to ensure you a financial safety net if your occupational capacity becomes reduced, and, therefore, you cannot reduce your coverage below 80 per cent of your previous salary. Your previous salary refers to your salary at the time when you become entitled to insurance payouts.
If you have a pension plan without Danish tax deduction
If you have a pension plan without Danish tax deduction, you will get occupational capacity insurance. With PFA Occupational Capacity with fixed payouts, you will receive a fixed amount if your occupational capacity becomes reduced by minimum 50 per cent for more than 6 months. The payouts are tax-free and can, as a maximum, amount to 60 per cent of your previous salary. Your previous salary refers to your salary at the time when you become entitled to insurance payouts.
If you are employed in a flex job
If you are employed in a flex job, you will keep the coverage and type of PFA Occupational Capacity you had when you became entitled to payouts.
If you are a temp, graduate or student assistant
If you are a temp, graduate or student assistant, you will get a fixed regular payout if your occupational capacity becomes reduced by minimum 50 per cent for more than 6 months. The payouts can, as a maximum, amount to 60 per cent of your previous salary. Your previous salary refers to your salary at the time when you become entitled to insurance payouts.
Payment protection cover offers extra security
Your occupational capacity insurance also includes payment protection cover, which ensures that your pension plan will continue while you receive payouts from PFA Occupational Capacity. This means that PFA Occupational Capacity, PFA Critical Illness and PFA Life will continue, and, in addition, PFA will take on the compulsory payments to your savings plan. This way, you keep your insurance cover and can continue saving for retirement.
Get support if you fall ill or are injured
If your occupational capacity is reduced due to illness or an accident, you can receive advice and guidance about your options from Social Worker Susie Bøgh Nielsen on +45 30 79 92 13 or sbqn@novonordisk.com.
Add a lump sum as part of your insurance plan
You can choose to take out extra insurance cover that gives you a lump sum if your occupational capacity is permanently reduced by 2/3 or more. You will receive the payout when your occupational capacity has been reduced for 12 months. The cover can amount to maximum DKK 500,000.
