If you take a leave of absence (without pay), you need to consider what should happen to your pension plan.
You have 3 months to decide what should happen to your pension plan once the payments stop. During these 3 months, your insurance cover continues unchanged.
If you decide not to take any action, your pension plan will be put on hold until you return to work, and your insurance cover will either be reduced or lapse completely.
You continue your pension plan by making the payments yourself.
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 or future payments.
Contact PFA’s Advisory Services Centre at (+45) 70 12 50 00 if you need advice.