Saving for retirement

How to save for retirement

Your employer saves a percentage of your salary up to 12 G towards your pension. The contributions from your employer and the return you receive on the money saved together make up your occupational pension. You decide how the money should be invested.

If you leave the company, you will be deregistered from the defined-contribution pension scheme. After 01.01.2021, you take all accrued pension with you on a pension capital certificate, regardless of how long you have worked at the company.

This is crucial for how much you receive in defined-contribution pension:

• How much your employer saves for you
• How much you earn in salary
• How many years you work
• What rate of return you receive on the money

How you can influence your defined contribution pension

The money that your employer saves for your pension is invested in a pension profile that may consist of both equities and fixed income securities. Your employer places all employees in the same investment profile, regardless of whether you have a long or short time remaining until retirement age. You should therefore log in to see your options. The choice you make can have a significant impact on how much you receive in pension payments.

It costs nothing to change investment profile.

Why does a defined contribution pension become a pension capital certificate?

When you leave a job where you have had a defined contribution pension, your accrued pension savings are transferred to aPension capital certificate. By consolidating your pension capital certificates in one place, you save on costs, gain better oversight and receive more in pension.

Pension provider

The pension agreement is provided by DNB Livsforsikring AS (private limited company).

Policy conditions - defined-contribution pension with risk cover (pdf)