Regulatory Alerts2023-06-23
Order on the Statutes of the Employees' Supplementary Pension Fund
The Danish Ministry of Employment issued this order to establish the statutes for Lønmodtagernes Dyrtidsfond, defining its legal status, governance structure, and operational mandates. The regulations specify that the Board of Directors, appointed by the minister, oversees the separate management of supplementary pension and holiday credit funds, while the executive board handles daily operations. Key provisions mandate transparent profit allocation to individual member accounts, strict timelines for payout requests, and mandatory annual information disclosure to employees.
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