The total pension (= calculated pension) comprises a basic pension and a supplementary pension. The basic pension is based on prudent assumptions, while the supplementary pension is based on more realistic assumptions. The realistic assumptions result in higher pension benefits, and it is these benefits that we show on the pension statement.
The total pension includes typically a higher interest rate (calculation interest rate) compared to the interest rate used for calculating the basic pension. This means that in order for the pension benefits to increase, the total bonus must exceed the already included interest rate. These assumptions can be changed by the Board.
The following pension schemes include only a basic pension: Pension schemes under P+ Regulations 1973, former JØP Regulations 1, P+ Regulations 1983, former DIP Regulations 1 and P+ Regulations 1999, former DIP Regulations 2.