IPE Real Estate reported that Danish postal service is asking a Danish- speaking manager to administer the pensions of 440 employees, as part of their three-year existing provisions review.
The contract, worth DKK78m (€10m), comes as part of a three-lot contract that also covers life and medical insurance for the same group of management-level.
HR director Palle Juliussen at Danish postal service, told IPE: "Unlike the rest of the pension fund, which is organized according to collective agreement, this is a separate fund involving individual agreements with managers."
According to recent figures, post Denmark’s pension totaled DKK 30M (€4m), in 2009, and the employs allot 12-20% to the fund. See IPE real estate, to read the complete story.
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