Below you can find information about the basic interest rates applying to P+ Regulations 2019, P+, former JØP and P+, former DIP.

The basic pension can be either conditional or unconditional.

The conditional basic pension is calculated according to a technical basis which is conditional. This means that the Board can change the assumptions, e.g. the basic interest rate, the mortality and disability rates as well as thecost structure if one or more of the assumptions change permanently.
The unconditional basic pension is calculated according to a technical basis which is unconditional and which can only be changed under certain circumstances.

P+ Regulations 2019
The basic interest rate is -1 percent and the basic pension is conditional.

P+ Regulations 1973, former JØP Regulations 1 and P+ Regulations 2007, former JØP Regulations 2
Your pension scheme may include several basic interest rates if it is set up before 1 July 2005. This implies that bonus, single contributions and contribution increases for pension schemes set up before 1 July 2015 have a different basic interest rate compared to the original agreement.

On 1 September 2021 the basic interest rate is changed which impacts your basic pension.

Below you can see an overview of the basic interest rates applying to JØP agreements.

Applies to:	Basic interest rate	Basic pension
JØP agreements set up before 1 January 1990.	4.25 %	Unconditional
JØP agreements set up from 1 January 1990 to 1 January 1997.	3.70 %	Unconditional
JØP agreements set up from 1 January 1997 to 1 July 1999.	3.00 %	Unconditional
JØP agreements set up from 1 July 1999 to 1 July 2005. Applies also to bonus, single contributions and contribution increases from 1. January 2000 to 1 January 2006 related to all JØP agreements set up until 1 July 2005.	2.00 %	Unconditional
JØP agreements set up until 1 June 2005 including bonus, single contributions, contribution increases and resumption of contribution payments from non-contributory cover or dormant membership from 1 January 2006 to 1 September 2021. Furthermore, all payments made after the agreed time of payment in the pension scheme are included until 1 September 2021.	0.00 %	Conditional
JØP agreements set up from 1 June 2005 including bonus, single contributions, contribution increases and resumtion of contribution payments from non-contributry cover or dormant membership. JØP agreements set up until 1 June 2005 including bonus, single contributions, contribution increases and resumption of contribution payments from non-contributory cover or dormant membership from 1 January 2006 to 1 September 2021. Furthermore, all payments made after the agreed time of payment in the pension scheme are included until 1 September 2021.	-1 %	Conditional

P+ Regulations 1983, former DIP Regulations 1, P+ Regulations 1999, former DIP Regulations 2 and P+ Regulations 2011, former DIP Regulations 4
Your pension scheme may have several basic interest rates.

On 1 September 2021 the basic interest rate is changed which impacts on your basic pension.

Below you can see an overview of basic interest rates applying to DIP agreements.

Applies to:	Basic interest rate	Basic pension
DIP agreements set up before 1 January 1997.	4.50 %	Unconditional
DIP agreements set up from 1 January 1997 to 1 January 2000.	2.50 %	Unconditional
DIP agreements set up from 1 January 2000 to 1 July 2006. Applies also to bonus, single contributions and contribution increases from 1 January 2000 to 1 April 2011 for DIP agreements set up until 1 July 2006.	1.50 %	Unconditional
DIP agreements set up until 1 Juli 2006, including bonus, single contributions, contribution increases and resumption of contribution payments from non-contributory cover or dormant membership from 1 April 2011 to 1 September 2021. Furthermore, all payments made after the agreed time of payment in the pension scheme until 1 September 2021 are included.	0.00 %	Unconditional
DIP agreements set up from 1 July 2006 including bonus, single contributions, contribution increases and resumption of contribution payments from non-contibutory cover or dormant membership. DIP agreements set up until 1 July 2006, including bonus, single contributions, contribution increases and resumption of payment after non-contributory cover from 1 September 2021. Furthermore, all payments made after the agreed time of payment in the pension scheme are included from 1 September 2021.	-1 %	Conditional

Pension terms