In Denmark, it is the responsibility of the central government, your employer, and yourself that you have pension when you retire. There are various types of pension schemes which include:
the state pension scheme, which is regulated by law and is part of the social security system in Denmark
other statutory pension schemes (the Danish labor market supplementary pension and the special pension savings)
collective pension schemes agreed between the various players in the labor market as a part of a collective agreement in a specific field
company pension schemes that are agreed upon individually between the employer and employee
private pension savings schemes that individuals set up with their bank or a pension fund independently of their employer
Once you have been a resident in Denmark for a number of years, you gain the right to state pension; in addition, many people are also covered by a company pension or a collective pension scheme as part of their employment contract. Furthermore, many people also choose to set up a private pension scheme.