- Country Information
- Denmark
How is Social Security regulated in Denmark?
Denmark’s social security system provides a comprehensive safety net for employees, covering a wide range of benefits and protections. Here's an overview of the key elements:
Employee Insurance
Coverage:
- Health Insurance: Covers medical expenses and health services.
- Family Benefits: Financial support for family-related needs.
- Sickness and Maternity Benefits: Financial aid during sickness and maternity leave.
- Pension: Provides retirement income.
- Unemployment Benefits: Support for individuals who are unemployed.
- Industrial Injury Insurance: Protection against work-related injuries.
2024 Contribution: Fixed at DKK 750 per employee per year.
Mandatory Supplemental Pension Scheme (ATP)
ATP (Arbejdsmarkedets Tillægspension):
- Contribution: Fixed at DKK 198 per employee per year in 2024.
- ATP Livslang Pension: Provides a lifelong pension to employees upon retirement.
- Tax Benefits:
- Employer's Contribution: Appears on the payslip and is tax-free for the employer.
- Employee's Contribution: Tax-deductible for the employee.
Key Points:
- The ATP contribution is a mandatory supplement to the basic social security benefits, ensuring additional financial security in retirement.
- Both the employer’s and employee’s contributions are managed through the ATP system, offering both immediate benefits and long-term retirement security.
These contributions are integral to Denmark’s robust social security framework, ensuring that employees are well-protected throughout their working lives and into retirement. For further details on the social security system and contributions, please refer to the ATP official website.
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