What other contributions are there?

When you receive your wage, it is important that the employer simultaneously transfers the percentage fees for membership, insurance, and pension to the Faroese Workers’ Union. If you leave the labour market for a short or long period because of unemployment, illness or for some other reason, you can still continue as a member in the Union and receive the benefits that the Faroese Workers’ Union offers its members. In that case you will transfer a monthly pension payment in addition to paying an annual membership fee.

Membership fee:  1.5%

Insurance:  1.5%

Pension:  11%

Fee to local branch: 0