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%.
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.