A labour market pension scheme for Industrial Employees
Two parties have agreed upon the Collective Bargaining Agreement:
- The Confederation of Danish Industries (DI)
- The Central Organisation of Industrial Employees in Denmark representing seven different unions
The two parties founded Industriens Pension on 1 December 1992, and the Confederation of Danish Industries owns 35% of the share capital and the seven unions within the Central Organisation of Industrial Employees in Denmark own the remaining 65%. The share capital is DKK 125 million.
No dividends to the shareholders
According to the Articles of Association no dividends are paid to the shareholders. The parties invested to found the pension scheme, not to make a profit. This is in line with the basic idea; that all earnings should benefit members. It might be referred to as a “closed” system in which the funds are routed one way only: to members.