There are different types of pension in Denmark. The first one is the state pension. You gain the right to this pension once you have been a resident in Denmark for a number of years.
In addition to the state pension, many people are also covered by a company pension or a collective pension scheme in their employment contract. Finally, many people also choose to set up a private pension scheme.
The various types of pension scheme in Denmark include:
- the state pension scheme, which is regulated by law and is a part of the social welfare system in Denmark
- other statutory pension schemes (the Danish labour market supplementary pension and the special pension savings)
- collective pension schemes, which are agreed between the various operators within the labour market, as part of a collective agreement in a specific field
- company pension schemes, which are agreed upon individually between the employer and employee
- private pension savings schemes, which are set up by individuals, in cooperation with their bank or a pension fund
Find more information about pensions here (in English)