OP Group pension
Supplement your and your employees’ statutory pension cover and enable flexible retirement.Flexible way to reward your personnel
Pension insurance is an investment that supplements the statutory pension cover. You will have access to a wide range of investment vehicles.
Tax benefits for companies
Insurance premiums are tax-deductible in your company’s taxation, and they are not considered as pay to the insured person. Consequently, they are not subject to indirect labour costs.
Improves your employees’ commitment
Supplementary pension is a benefit to commit and reward your personnel. Also increases the attractiveness of your company when recruiting new employees.
Retire earlier
Group pension insurance makes it possible to retire before the statutory retirement age.
Win-win for companies and employees alike
The commitment and productivity of employees materially affect the company’s profitability, which is why many companies actively try to develop their incentive schemes to retain their key employees. Satisfied and motivated employees feel better, which is reflected in their work.
OP Group pension insurance is a voluntary pension insurance for companies, which enables them to reward and commit their employees. It is a pension solution aimed at a specific employee group, where all members of the group receive the same insurance cover, which may include you as the entrepreneur. A supplementary pension makes retirement more flexible and increases the income level after retirement by supplementing the statutory pension cover.
The taxation of group pension insurance is a benefit to your company, because the pension contributions are deductible in taxation and they are not subject to indirect labour costs. Therefore, group pension insurance is a good incentive vehicle for your company. The insurance enables profitable saving after retirement and is well-suited to companies of all sizes.
Supplementary pension insurance makes employees more committed
The competition for skilled personnel is getting tougher and tougher, so it is more important than ever to help your employees commit. An essential part of employee commitment is a motivating and rewarding incentive scheme. It is a good idea to include group pension insurance in your company’s total salary package and tie it to targets that develop your company’s operations.
Group pension insurance enables your employees to accrue income in funds. The amount accrued in funds will keep increasing profits which the employee will get to enjoy after retirement. Pensions will be paid in accordance with the accumulated insurance savings and the agreed pension period. Supplementary pension is a benefit not offered by all companies to their employees, so the possibility of losing the benefit raises the threshold for changing jobs.
You can either tie the pension benefit to performance or determine that your employee will only get access to the insurance savings once the employment relationship has lasted a specific time – reinforcing this way your employee’s commitment to the company. Should your employee resign during the investment period, you can decide whether to grant the supplementary pension accrued by the insurance to your employee or return the funds to your company.
