Regulatory Alerts2024-11-01
Act on Labour Market Supplementary Pension
The Danish Ministry of Employment has issued this consolidated act establishing the legal framework for Arbejdsmarkedets Tillægspension (ATP), a mandatory supplementary pension scheme for employees in Denmark. The legislation defines the eligible membership categories, including employees, the unemployed, and specific groups receiving social benefits, while detailing contribution rules and the calculation of pension entitlements based on historical and current periods. It further regulates the payment of survivor benefits, such as lump sums for spouses and children, and establishes the administrative powers of the ATP Board and the Ministry to set tariffs and rules.
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