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Defined-contribution pension and occupational injury insurance

Businesses are legally required to have defined-contribution pensions and occupational injury insurance for their employees. We’ve put everything that’s required by law into one package.

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  • Everything in one package

  • Full overview in the online bank

  • Makes pensions and insurance easy

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We’ve made it easy for you

We’ve made it easy for you as a business owner to ensure you cover the legal requirements for your employees. Don’t spend any more time than necessary on pensions and insurance.

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Defined-contribution pension

Pension savings for business’ employees. Every employee has a pension account into which you, as their employer, deposit a monthly contribution. The deposits are invested, produce a return and are paid out as retirement pensions to your employees at the age of 62 or older. All employees who have turned 13 years of age must be enrolled into a pension agreement, regardless of the FTE fraction.

Workers’ compensation insurance

Give you employees the right to compensation in the event of an injury or illness that they incur while working, at the workplace and during working hours.
The following are covered:

  • loss of future earnings
  • settlement payment in the event of a permanent injury
  • settlement payment in the event of death
  • incurred additional expenses
  • future additional expenses
  • actual loss of income up to the settlement date
  • the insurance covers all employees

Frequently asked questions about pensions and insurance

How are the deposits/savings invested?

Every single employee gets their own pension account in DNB. The deposits are invested in our recommended My Pension Profile, with the option for the employee to select a more assertive or cautious pension profile.

In My Pension Profile, the proportion of shares is high at a young age and is gradually reduced the older you get.

Do all businesses need to have defined-contribution pensions?

Yes, if the business meets one or more of the following criteria:

  • At least two people who both have 75 per cent positions or more.
  • At least one employee without an ownership interest in the business who has a 75 per cent position or more.
  • People in the company aged 20 or above and who have a more than 20 per cent position, and who together carry out work that equals at least two FTEs. This also applies to temporary workers.
Are defined-contribution pensions a statutory requirement for company owners?

No, the business owners can choose not to take part in the scheme. When deciding whether the company will purchase the compulsory occupational pension, the owner/self-employed person must nonetheless be included in the number and with their FTE fraction.

When the pension scheme is purchased, the owner/self-employed person can still choose not to take part in the scheme.

Do all businesses need to have occupational injury insurance?

It’s a legal requirement and businesses are liable to prosecution if such insurance isn’t taken out for employees. In the event of injury to an employee, the insurance company will have right of recourse against an uninsured employer. This can amount to millions of kroner and result in bankruptcy.

More questions and answers

Our pension products

  • Defined-contribution pension

    One of the best benefits you can give your employees

  • Pension and insurance package

    Package covering the statutory requirements

  • Disability pension

    Ensures payment in the event of long-term illness or disability

  • Executive pension

    Give managers and key staff the pension they deserve

  • Pensions for those who are self-employed

    Ensure saving towards your pension

Pension provider

The pension agreement is provided by DNB Livsforsikring AS.