Starting a New Job

When you change jobs, you need to take a look at your pension plan. However, your options depend on the pension agreements your present and future employer have.

Make a decision within 3 months

You have 3 months to decide what should happen to your pension plan. During these 3 months, your insurance cover continues unchanged.

If you decide not to take any action, your plan will be changed to a pension plan without payments (a paid-up policy), and your insurance cover will either be reduced or lapse completely.

Your options

You and your new employer continue making payments to your pension plan.

You transfer your pension plan if your new employer has an agreement with another pension company (please contact the new pension supplier).

You keep your insurance cover for a period of time without making any payments. The price of your insurance cover will be deducted from your savings.

Steps to take

Ask your new employer about the pension solutions offered as part of your new job. If relevant, contact your new pension supplier to learn more about your options.

Contact PFA’s Advisory Services Centre at (+45) 70 12 50 00 if you need advice.