With PFA Occupational Capacity – regular payouts, you will receive monthly payouts, which typically will be a percentage of your salary. Also, in most cases, PFA will take on the payments to your pension plan, meaning that both your savings and most of your insurance cover will continue unchanged while your occupational capacity is sufficiently reduced. This is called payment protection cover (premium waiver).
PFA Occupational Capacity may be with or without automatic adjustment of the coverage percentage. If you have automatic adjustment, your coverage percentage will be changed automatically if your salary level increases or decreases. As a rule, the monthly payout is a supplement to any public benefit and other regular income you may have after your occupational capacity was reduced. This means that the payout will top up this income so that you reach your salary level from before the reduction of your occupational capacity. However, the payout from PFA cannot exceed the selected insurance cover. Depending on which type of PFA Occupational Capacity you have, further limitations may apply to payout.
If your insurance plan includes increased regular payouts when job rehabilitation benefit has been granted, you can, in certain cases, get an increased payout if you become entitled to a public job rehabilitation programme, as the authorities will set off the public benefits against the payout from PFA.
At My PFA, you can see whether you are covered by PFA Occupational Capacity – regular payouts, with or without automatic adjustment, as well as the maximum possible percentage of your current salary you can receive. You can also see whether you have payment protection cover, how much of your pension payment that is covered by payment protection cover and whether you have the possibility of receiving increased payouts during a job rehabilitation programme.
Log on to My PFA