The pension statement includes a pension forecast which indicates the present value of the pension benefits calculated on basis of a number of assumptions. The assumptions may change, and accordingly the forecast is not binding. Some of the assumptions are social and apply to the entire pension sector, while others are determined by the pension fund.

The assumptions included are i.a. expected return, interest payment and administrative costs. Furthermore, we apply individually calculated prices related to insurance risks on death and disability, which i.a. depend on the individual member's age, time of admission and contribution payments to the pension fund. Also, a monthly group insurance premium is applied for the members who have a group insurance.

The forecast presupposes that the pension scheme, the accompanying Regulations and Insurance terms as well as potential contributions continue unchanged. Contributions are adjusted for inflation.

You can see the present rates related to interest, costs, inflation etc. in the Assumptions for calculation of pensions

Explanation of present value
The pension fund shows your pension forecast in present value - that is the current value of your pension benefits. This gives you a more accurate picture of the value of your benefits when you retire. If your pension forecast in present value accounts for DKK 300,000, you can depend on that the amount is worth approximately DKK 300,000 when you retire.

The opposite of present value is future value. An amount calculated in future value does not allow for price increases.

Understand the pension and deposit statement