Your deposit interest rate depends on the time of admission to P+, and which pension scheme you have. The deposit interest rates are different to prevent redistribution among the members. Besides, the deposit interest rates reflect the risk related to the different schemes. In general, the deposit interest rates are determined once annually, but they may be adjusted upwards or downwards during the year due to e.g. substiantial changes on the financial markets.
At the end of May, the pension fund had a return of -8.3 percent. As a consequence we have chosen to reduce the deposit interest rate for the majority of our members with an average interest rate product from 11.5 percent to 2.5 percent as from 1 July 2022. Seen throughout the year, the deposit interest rate ends up at 7 percent for all members under P+ Regulations 2007, former JØP Regulations 2 and P+ Regulations 2011, former DIP Regulations 3.
At the same time, there are small groups of members who have a lower deposit interest rate. This applies among others to members under P+ Regulations 2019 and the members who have a scheme with a low investment risk and a guaranteed benefit.
Below you can read more about the background for determining the deposit interest rate under the different Regulations.
You can see which Regulations you are subject to on Min pension