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Members

LD Pensions manages two separate economic entities and thus two groups of members

Two groups of members. One that includes “the frozen cost-of-living allowances”, and one including the holiday allowance. Both entities are by law characterised by the fact that it is not possible to invest additional funds.

Members with cost-of-living allowances

This is members who have means, which derive from payments of the “frozen cost-of-living allowances” (dyrtidsindbetalingsloven) paid from the Danish state to LD Pensions, cf. the LD Pensions Act no. 1109 of 14 October 2014, inclusive later amendments). The means belong to a limited group of members who were employed in Denmark from August 1977 to August 1979. There is no influx of new members, and the existing members cannot deposit additional funds.

Members with holyday receivables 

In 2018 LD Pensions was chosen, by Act no. 58 of 30 January 2018 regarding management and administration of holiday receivables, as manager of the Employee’s Fund for Holiday Receivables (Lønmodtagernes Feriemidler), which constitutes a separate financial unit in LD Pensions. The means derive from earned holiday rights which are frozen in a fund and will be disbursed upon retirement. The means belong to employees who has earned holiday money from 1 September 2019 to 31 August 2020. After 31 August 2020 there will be no new influx of members, and existing members cannot deposit additional funds.

Number of members

In 2019, we manage 550,000 members and assets of approx. DKK 36 billion. Numbers are increasing as the holyday receivables becomes under management. We expect that our management in 2021 will comprise approx. 3 million members with total assets of approx. DKK 130 billion.