You may have fixed your insurance covers at different percentage rates compared to the ones applying to the pension agreement. This may imply that the insurance cover percentage becomes different on transfer to dormant membership where the insurance covers are fixed according to the rules applying to the pension agreement.
P+ Regulations 2019:
- The disability pension benefit is fixed at 100 percent of the calculated retirement pension benefit.
- The spouse’s pension benefit – lifelong and 10-year – is fixed at 60 percent of the calculated retirement pension benefit.
- The children’s pension benefit is fixed at 20 percent of the calculated retirement pension benefit.
P+ Regulations 2007, former JØP Regulations 2:
- The disability pension benefit is fixed at 100 percent of the calculated retirement pension benefit.
- The spouse’s pension benefit – lifelong and 10-year – is fixed at 40 percent of the calculated retirement pension benefit.
- The children’s pension benefit is fixed at 20 percent of the calculated retirement pension benefit.
P+ Regulations 2006, former DIP Regulations 4:
- The disability pension benefit is fixed at 100 percent of the calculated retirement pension benefit.
- The spouse’s pension benefit – lifelong and 10-year – is fixed at 60 percent of the calculated retirement pension benefit.
- The children’s pension benefit is fixed at 20 percent of the calculated retirement pension benefit.
However, this does not apply to members subject to limited cover or a high savings scheme, members who are employed in a flexi job or the like, members who receive public early retirement benefits, and members under the following pension agreements: P+ Regulations 1983, former DIP Regulations 1, P+ Regulations 1999, former DIP Regulations 2 and P+ Regulations 1973, former JØP Regulations 1.