Deposit statement

The costs related to administration of your pension scheme. You can read more here

The return is:

• Interest payment on your pension scheme with deposit interest rate.
• Return on your market rate pension scheme.
• Interest payment on MemberFunds (read more about MemberFunds here

The costs related to insurances payable in the event of death. This may be children's pension, spouse's pension, cohabitant's pension and pension life cover. The costs are calculated according to the technical basis and determined on basis of statistical and mathematical assumptions. If the amount is positive, it is a so-called levetillæg which derives from the deposits that are released in the event of other members' death. 

The costs related to the insurances payable in the event of disability. This may be disability pension, children's pension and exemption from paying contributions. The costs are calculated according to the technical basis and are determined on basis of statistical and mathematical assumptions. 

Members covered by the group insurance pay a fixed premium. Read more about the group insurance here

The pension fund deducts labour market contribution from the contribution payments as the employer deducts the pension contribution before calcuation of the labour market contribution. The labour market contribution is a 8 percent tax which is deducted from your salary. Accordingly, the labour market contribution is not deducted from privately paid contributions. 

P+ makes payments to your pension scheme if you e.g. receive monthly disability pension benefits. This is exemption from paying contributions. 

Savings transferred to your deposit. The amount may be transfer of the deposit of and old scheme and internal transfer. Internal transfer could be transfer of savings from your annuity certain to your life annuity. 

Amounts transferred to MemberFunds. The amount equals 2 percent of the payment which is monthly  contributions, single contributions and transfer of previous pension savings. You can read more about MemberFunds here

Pension return tax is an individual tax which must be calculated individually for each member. The pension return tax accounts for 15.3 percent of interest payment and return. 

MemberFunds and MemberFunds (15 years) are a part of the pension fund's basic own funds together with the equity. This means that MemberFunds on equal terms with the equity must cover in case of negative results which the members cannot cover themselves. MemberFunds and MemberFunds (15 years) receive just like the equity a fair payment for taking this risk besides the return on investments.

In relation to payment of pension benefits, funds have been added to maintain your pension rights/pensions. The adjustment may be negative if e.g you are no longer entitled to disability pension benefits. 

Pension benefits paid to you. It may be benefits related to retirement pension, annuity certain, retirement sum, retirement insurance and endowment policy.