The Danish pension schemes
Less pension from the state in Denmark
If you are new to the Danish labour market, it is important that you know that the various components of the Danish pension system are not the same as the system in Sweden. The public part, which the state pays, is considerably less in Denmark than in Sweden. In addition, not as many Danish employers pay in to a labour market pension, or "company pension" as it is also known. It is therefore much more common to have an additional private pension in Denmark.
Danish public pension - includes all EU/EEA citizens
Everyone who works in Denmark is covered by the rules for public pensions.
The public part consists of:
- Danish state pension (Folkepension)
- Early Danish pension (Førtidspension)
Labour market pension in Denmark - does not include everyone
A labour market pension is a type of pension where the employer pays part of the pension. All employees are not covered by a labour market pension, so check what is stated in your employment contract.
Private pension insurance
As in Sweden, there are also private pension insurances, which many people sign-up for in addition or as an alternative to the labour market pension.
If you have questions about your Danish public pension, please contact Udbetaling Danmark.
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Pension payment when working in Denmark
You apply for your pension in the country of your residence, for both the pension earned in Denmark and Sweden. The exception is if you have only worked in one of the countries. In that case, you must apply for your pension in the country where you received your income.