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Disbursement rules

The disbursement rules are in accordance with “lov om Lønmodtagernes Dyrtidsfond” (the LD Pensions Act)

You can require disbursement of your LD pension if you meet one of the below mentioned requirements. You can also chose to leave you pension in LD for later disbursement. Should you pass away before disbursement then the pension will be paid to the estate.

A:   You are 60 years old

You are entitled to receive your LD savings if you are 60 or older. Read more here.

B:   You have been awarded disability pension

You have been awarded disability pension covered by the Danish Social Pensions Act (lov om social pension).

The form must be certified and stamped by the Social Services Department in your local council.

C:   You have been awarded public servant pension (tjenestemandspension) or pension for staff employed on terms similar to those of public servants

awarded public servant pension (tjenestemandspension) or pension for staff employed on similar terms to those of public servants according to the rules of “egenpension” and “svagelighedspension” for public servants employed by the Danish State, the Danish State School, the Danish National Church and local government public servants.

awarded pension according to rules for employees in jobs with a pension scheme which essentially carries the same rights as a public servant pension. This may be the case for employment with independent schools and some licensed companies.

The form must be signed and stamped by the authority who disburses the pension. In most cases, this means the state or the local council.

D:   You have been awarded pension from an approved pension scheme

You have been

awarded retirement pension from an approved pension scheme established by an agreement between your employer and yourself or according to a collective agreement or similar agreement with an existing or former employer.

awarded disability pension, a lump-sum disbursement due to disability or other benefits (e.g. entitlement to premium exemption) due to permanent loss of minimum 50 per cent of your work ability. The pension must have been awarded by an approved pension scheme established by agreement between your employer and yourself, or according to a collective agreement or similar agreement with an existing or former employer.

A pension scheme has been approved if the Danish Pension Tax Act (pensionsbeskatningsloven) covers it. If you do not know whether your pension scheme has been approved or not, your pension fund or your life insurance company will be able to assist you.

The form must be certified and stamped by the pension fund or the life insurance company.

E:   You have been awarded compensation for loss of minimum 50 per cent of your work ability

You have been

awarded compensation for loss of minimum 50 per cent of your work ability according to the Danish Industrial Injuries Insurance Act (lov om arbejdsskadeforsikring) or the Danish Liability for Damages Act (erstatningsansvarsloven).

awarded compensation for loss of minimum 50 per cent of your work ability according to acts where compensation essentially is awarded for the same reasons as according to the Danish Industrial Injuries Insurance Act (lov om arbejdsskadeforsikring) this could be compensation under the Danish Act on Patient Insurance (lov om patientforsikring), the Danish Act on Compensation for Pharmaceutical Injuries (lov om erstatning for lægemiddelskader), the Danish Act on Compensation for Vaccination Injuries ( lov om erstatning for vaccinationsskader),  the Danish Act on Compensation to Victims of Crime (lov om erstatning til ofre for forbrydelser).

are entitled to disbursement  from “ en rateforsikring”, “ en kapitalforsikring”, “en rateopsparing” or “en opsparing i pensionsøjemed” where you qualify for disbursement according to the Danish Pension Tax Act (pensionsbeskatningsloven)  in the event of e.g. disability and under the conditions that you have lost a minimum of 50 per cent of your work ability.

The form must be certified and stamped by the authority or life insurance company, which has awarded the compensation.

F:   You have been awarded abroad pension or compensation     
  
You have been

awarded foreign pension or compensation for loss of a minimum 50 per cent of your work ability according to rules corresponding essentially to those described above under B, C, D and E.

The form must be certified and stamped by the authority, the life insurance company or the pension company or similar abroad, which has awarded the pension or compensation.

G:   You have moved to Greenland or the Faroe Islands in order to take up permanent residence and have been a resident for at least five years

You have

moved to Greenland or the Faroe Islands in order to take up permanent residence and you have been a resident for at least five years. It must have been a consecutive period of at least five years immediately before the date of this disbursement request.

The form must be certified and stamped by the Greenlandic or Faroese register office.

H:   You have moved from Denmark in order to take up permanent residence abroad

You have

moved away from Denmark in order to take up permanent residence abroad.

Disbursement takes place six months after LD have received information via the register office about your move

I:    You are suffering or have been suffering from a life-threatening disease

You are

suffering from or have been suffering from a life-threatening disease.

You must enclose a “kapitalpensionsattest” concerning life-threatening diseases signed by a doctor. The doctor’s fee for completing the form will not be covered by LD. If you already have a similar “kapitalpensionsattest” which has been used in connection with another pension scheme, LD will accept this certificate.

You can require a “kapitalpensionsattest” and a list of diseases which are considered to be life-threatening from LD Member Service on +45 7013 1377 or download it from our web page.

Kapitalpensionsattest

Bekendtgørelse om udbetaling af kapitalpension m.v. livstruende sygdom.




Jeg ved ikke lige hvor nedenstående skal sættes ind

When you reach 59½ years of age, LD is required by law to notify “Arbejdsdirektoratet” and consequently your unemployment insurance fund, if any, of the value of your LD savings. This may be of relevance to your “efterløn” (voluntary early retirement pay), if any. For further information, please contact your unemployment insurance fund. DISBURSEMENT OF YOUR LD SAVINGS Thank you for your enquiry. Attached you will find an LD disbursement form. You are entitled to disbursement of your LD savings when you have reached 60 years of age. In some cases, you are entitled to disbursement previous to your 60th birthday. See the form for further information. Please, remember that you are entitled to leave your savings with LD for as long as you wish. RISK UNTIL DATE OF DISBURSEMENT     For the vast majority of people, LD Discretionary Investments is a safe choice for their savings. The performance of LD Discretionary Investments depends on the development in the financial markets. Please, be aware that the value of your savings will change from day to day, and the same consequently applies to the amount that you will receive. You can see how much you would have received in the illustration below, if your savings had been paid to you xxxxxxxx 20xx. The final value is not determined until the time of actual disbursement WHEN CAN YOU EXPECT TO RECEIVE YOUR SAVINGS It normally takes one to two weeks from the date LD receives your correctly completed disbursement form and until the disbursement is credited to your account. However, this is assuming that you are entitled to get your savings disbursed when LD receives your form. Please be aware that the disbursement may take longer in the weeks immediately before and after 1st January and around 1st July. This is due to LD needs to close the annual and interim accounts before disbursement can be made. Disbursement may also take longer around the time of the public holidays in the Spring. VALUE AND TAX The final value of your savings will be determined once LD has approved your disbursement. Before your savings are paid to you, approximately 40 per cent tax to the Danish State will be deducted. Yours faithfully LD Member Service Value XXX (dato indsættes) XXX Total return for the period XXX XXX Value XXX before tax on return and fees XXX Tax on return for the period XXX XXX Management fee for the period XXX XXX Fund fee for the period XXX XXX Tax to the Danish State of disbursement XXX XXX Payment XXX after taxes and fees XXX Disbursement rules   The disbursement rules are in accordance with “lov om Lønmodtagernes Dyrtidsfond” (the LD Pensions Act).   You can require disbursement of your LD pension if you meet one of the below mentioned requirements. You can also chose to leave you pension in LD for later disbursement. Should you pass away before disbursement then the pension will be paid to the estate.     A:   You are 60 years old You are entitled to receive your LD savings if you are 60 or older. Read more here.     B:   You have been awarded disability pension   You have been   ·         awarded disability pension covered by the Danish Social Pensions Act (lov om social pension).   The form must be certified and stamped by the Social Services Department in your local council.   C:   You have been awarded public servant pension (tjenestemandspension) or pension for staff employed on terms similar to those of public servants         ·         awarded public servant pension (tjenestemandspension) or pension for staff employed on similar terms to those of public servants according to the rules of “egenpension” and “svagelighedspension” for public servants employed by the Danish State, the Danish State School, the Danish National Church and local government public servants.   ·         awarded pension according to rules for employees in jobs with a pension scheme which essentially carries the same rights as a public servant pension. This may be the case for employment with independent schools and some licensed companies.   The form must be signed and stamped by the authority who disburses the pension. In most cases, this means the state or the local council.   D:   You have been awarded pension from an approved pension scheme   You have been   ·         awarded retirement pension from an approved pension scheme established by an agreement between your employer and yourself or according to a collective agreement or similar agreement with an existing or former employer.   ·         awarded disability pension, a lump-sum disbursement due to disability or other benefits (e.g. entitlement to premium exemption) due to permanent loss of minimum 50 per cent of your work ability. The pension must have been awarded by an approved pension scheme established by agreement between your employer and yourself, or according to a collective agreement or similar agreement with an existing or former employer.   A pension scheme has been approved if the Danish Pension Tax Act (pensionsbeskatningsloven) covers it. If you do not know whether your pension scheme has been approved or not, your pension fund or your life insurance company will be able to assist you.   The form must be certified and stamped by the pension fund or the life insurance company.   E:   You have been awarded compensation for loss of minimum 50 per cent of your work ability   You have been   ·         awarded compensation for loss of minimum 50 per cent of your work ability according to the Danish Industrial Injuries Insurance Act (lov om arbejdsskadeforsikring) or the Danish Liability for Damages Act (erstatningsansvarsloven).   ·         awarded compensation for loss of minimum 50 per cent of your work ability according to acts where compensation essentially is awarded for the same reasons as according to the Danish Industrial Injuries Insurance Act (lov om arbejdsskadeforsikring) this could be compensation under the Danish Act on Patient Insurance (lov om patientforsikring), the Danish Act on Compensation for Pharmaceutical Injuries (lov om erstatning for lægemiddelskader), the Danish Act on Compensation for Vaccination Injuries ( lov om erstatning for vaccinationsskader),  the Danish Act on Compensation to Victims of Crime (lov om erstatning til ofre for forbrydelser).   ·         are entitled to disbursement  from “ en rateforsikring”, “ en kapitalforsikring”, “en rateopsparing” or “en opsparing i pensionsøjemed” where you qualify for disbursement according to the Danish Pension Tax Act (pensionsbeskatningsloven)  in the event of e.g. disability and under the conditions that you have lost a minimum of 50 per cent of your work ability.     The form must be certified and stamped by the authority or life insurance company, which has awarded the compensation.   F:   You have been awarded abroad pension or compensation         You have been   ·         awarded foreign pension or compensation for loss of a minimum 50 per cent of your work ability according to rules corresponding essentially to those described above under B, C, D and E.   The form must be certified and stamped by the authority, the life insurance company or the pension company or similar abroad, which has awarded the pension or compensation.   G:   You have moved to Greenland or the Faroe Islands in order to take up permanent residence and have been a resident for at least five years   You have   ·         moved to Greenland or the Faroe Islands in order to take up permanent residence and you have been a resident for at least five years. It must have been a consecutive period of at least five years immediately before the date of this disbursement request.   The form must be certified and stamped by the Greenlandic or Faroese register office.   H:   You have moved from Denmark in order to take up permanent residence abroad       You have   ·         moved away from Denmark in order to take up permanent residence abroad.   Disbursement takes place six months after LD have received information via the register office about your move   I:    You are suffering or have been suffering from a life-threatening disease       You are       ·         suffering from or have been suffering from a life-threatening disease.   You must enclose a “kapitalpensionsattest” concerning life-threatening diseases signed by a doctor. The doctor’s fee for completing the form will not be covered by LD. If you already have a similar “kapitalpensionsattest” which has been used in connection with another pension scheme, LD will accept this certificate.   You can require a “kapitalpensionsattest” and a list of diseases which are considered to be life-threatening from LD Member Service on +45 7013 1377 or download it from our web page.     Kapitalpensionsattest   Bekendtgørelse om udbetaling af kapitalpension m.v. livstruende sygdom.         Jeg ved ikke lige hvor nedenstående skal sættes ind   When you reach 59½ years of age, LD is required by law to notify “Arbejdsdirektoratet” and consequently your unemployment insurance fund, if any, of the value of your LD savings. This may be of relevance to your “efterløn” (voluntary early retirement pay), if any. For further information, please contact your unemployment insurance fund.     DISBURSEMENT OF YOUR LD SAVINGS Thank you for your enquiry. Attached you will find an LD disbursement form.   You are entitled to disbursement of your LD savings when you have reached 60 years of age. In some cases, you are entitled to disbursement previous to your 60th birthday. See the form for further information. Please, remember that you are entitled to leave your savings with LD for as long as you wish.   RISK UNTIL DATE OF DISBURSEMENT     For the vast majority of people, LD Discretionary Investments is a safe choice for their savings. The performance of LD Discretionary Investments depends on the development in the financial markets.   Please, be aware that the value of your savings will change from day to day, and the same consequently applies to the amount that you will receive. You can see how much you would have received in the illustration below, if your savings had been paid to you xxxxxxxx 20xx. The final value is not determined until the time of actual disbursement   WHEN CAN YOU EXPECT TO RECEIVE YOUR SAVINGS It normally takes one to two weeks from the date LD receives your correctly completed disbursement form and until the disbursement is credited to your account. However, this is assuming that you are entitled to get your savings disbursed when LD receives your form.   Please be aware that the disbursement may take longer in the weeks immediately before and after 1st January and around 1st July. This is due to LD needs to close the annual and interim accounts before disbursement can be made. Disbursement may also take longer around the time of the public holidays in the Spring.   VALUE AND TAX The final value of your savings will be determined once LD has approved your disbursement. Before your savings are paid to you, approximately 40 per cent tax to the Danish State will be deducted.     Yours faithfully   LD Member Service         Value XXX (dato indsættes) XXX Total return for the period XXX XXX Value XXX before tax on return and fees XXX Tax on return for the period XXX XXX Management fee for the period XXX XXX Fund fee for the period XXX XXX Tax to the Danish State of disbursement XXX XXX Payment XXX after taxes and fees XXX