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Denmark – pension fund |
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In Denmark, employees can choose a fund but can also sign directly with the pension fund – XML does not need to get involved in the agreement. In the
case the employee has chosen his fund and the amounts will be deducted from their
salary and paid into the pension. The employer calculates pensionable salaries as 80% of on target earning (base + commission target). At each year end we will true-up based on actual commissions paid.
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