Welcome to Novo Nordisk

At Novo Nordisk, we believe that it is important that our employees can afford to live life after retirement. Therefore, you will, as part of your employment, get a pension plan that allows you to obtain a favourable return on your savings so that you have a solid financial base when you retire. Your pension plan also acts as a financial safety net for you and your family right here and now if you should fall ill or get injured.

Your pension savings

You will be covered by your pension plan from day one of your employment. Novo Nordisk pays 10 per cent of your salary to your pension plan and you must pay 5 per cent. In addition, Novo Nordisk pays for the insurance plans PFA Life (including children's pension), PFA Critical Illness and PFA Health Insurance.

As a starting point, you will be covered by a basic insurance package and your savings will be placed in the market rate environment in investment profile B. You can adjust your insurance cover and change your investment profile to match your specific wishes and needs.

 

  Savings

savings Standard* Options Read more
INVESTING YOUR SAVINGS

Investment profile B

Investment profile A, C or D and You Invest for compulsory employee contributions (5 per cent) and any voluntary additional payments.

You can choose to invest all or a part of your savings in PFA Climate Plus

About PFA Invest

About You Invest

About PFA Climate Plus
PFA CUSTOMERCAPITAL Yes Can be deselected About PFA CustomerCapital
SAVINGS TYPE

As a starting point up to DKK 63,100 (2024) to a 10-year instalment pension. Any excess payments will be paid to a life pension

 You can also select life pension or an old age savings plan About savings types

 

  Insurance Cover

Insurance cover
 Standard* Options Read more
PFA Occupational Capacity – regular payouts**
80 % of your salary                 87 % of your salary***             About PFA Occupational Capacity
PFA Occupational Capacity – lump sum

DKK 0

Up to DKK 500,000 About PFA Occupational Capacity
PFA Critical Illness DKK 148,656 (2024) Up to DKK 750,000 About PFA Critical Illness
PFA Critical Illness
- for children below the age of 24		 DKK 0 Up to DKK 750,000
PFA Life DKK 1,100,000 (2024)

Up to 500 % of your salary

(Plus DKK 1,100,000)

 About PFA Liv
Children’s pension - up to age 21 DKK 34,191 (2024) Up to 25 % of your salary About Children's pension
 PFA Health Insurance Children below the age of 24 are automatically covered For spouse or domestic partner and children between the age of 24 and 28  About PFA Health Insurance 

*The standard cover refers to the coverage you have if you have not made any changes to your pension plan.

**If, for instance, you have a pension plan without Danish tax deduction, or you are employed in a flex job as a temp, student assistant or similar, you will be registered for another type of PFA Occupational Capacity. Read more 

***Coverage of 87 % is only possible in special cases. Please contact PFA for advice. The increased coverage must be paid by means of increased pension payments.

 

How you get started

You will receive a pension summary immediately after you have entered into your new job. In the pension summary, you can see how much is paid into your pension plan as, and you can see your investment profile and your insurance cover. You can also get an overview of your pension plan by logging on at mitpfa.dk.

Subsequently, you will receive a digital welcome programme via e-mail. The welcome programme will help you to get a good start with your pension plan. Among other things, you will be asked to enter your contact information, possibly upload your information from PensionsInfo and give your consent to PFA contacting you. The more information you provide, the better recommendations PFA can give you. 

Book a pension consultation

We recommend that you spend some time familiarising yourself with your new pension plan. Do you have suitable insurance cover? Does investment profile B reflect your return expectations and risk appetite? Novo Nordisk always recommends that new employees book a pension consultation with PFA to ensure that their pension plan matches their life and needs.

Read more about the different consultation types

Get an overview at My PFA

Once you have received your pension summary, you have access to My PFA where you can follow your savings and returns etc. and plan for your future finances. At My PFA, you have access to prioritised recommendations for adjustments of your pension plan on an ongoing basis. Recommendations are marked in red, yellow or green and prioritised based on how much your insurance cover or investment profile differs from PFA’s recommendations and how important the recommendation is in relation to your age and life situation.

You can access My PFA using your smartphone, tablet or computer. The first time you log on, you need to use your MitID. 

Update your information and get an overview at My PFA