Rules on senior part-time employment

If you are employed under Finansforbundet's standard collective agreement (STOK), you have the right to senior part-time employment. This means you are entitled to reduce your working hours without it having an effect on your pension contributions if you have been employed for five continuous years.

You are entitled to have your working hours reduced to between:

• 80% and 100% of full-time employment after the age of 60
• 70% and 100% of full-time employment after the age of 62
• 60% and 100% of full-time employment after the age of 64

Instead of reducing the hours of work on, for example, a specific day of the week, you may choose to take individual days or entire weeks off. Time off is agreed between you and your manager taking into consideration the company's operations and your requests as to the timing of the time off.

When your senior part-time employment has entered into force, both you and your employer will pay pension contributions for up to seven years. Payment will be effected based on your previous employment rate, and the contribution amount will therefore depend on how you were employed before commencement of the senior part-time employment.

Rejection of senior part-time employment

If senior part-time employment is incompatible with your work, your employer may reject your application. First, your employer must discuss the possibility of fulfilling your request with the head of your local union.

If your employer cannot offer you senior part-time in your current job, your employer should explore alternative options. If you are offered another job at a lower pay, you retain the original pension contribution (in Danish kroner) until the new position’s percentage pension contribution stated in kroner is greater.

Pension contribution scheme opt-out

When transitioning to senior part-time employment, you may, after having consulted your pension provider, choose to opt out of the pension contribution scheme. You may also choose to receive the employer's pension contribution, which is calculated based on your employment rate up to the senior part-time employment.

As it may affect your risk coverage, you will be required to make the decision in consultation with your pension provider.

Your pension contribution will be paid as a non-pensionable supplement to your salary. As a result, you will receive no holiday supplement or holiday allowance on the pension contributions paid.
Employed under a company collective agreement or a collective agreement for insurers

If you are employed under a company collective agreement or a collective agreement for insurers, you may contact your local union or union representative for advice on your senior part-time employment rights.