Noorwegen
Pensions
The pension system in Norway is under review, and new rules will be introduced in 2008.
The pensionable age in Norway is 67. If you choose to work for longer, you will earn pension points until you reach the age of 70. The full earning time is attained after 40 years.
The old-age pension is made up of the basic pension plus a supplementary pension. The basic pension is calculated on the basis of how long an employee has been registered with Folketrygden [Norwegian National Insurance] and is independent of salary level and the amount paid in National Insurance contributions. The size of the supplementary pension is dependent upon the number of earning years and the annual pension points. Full earning time is attained after 40 years of work.
It is possible in some industries to retire at the age of 62 with AFP, Avtalefestet pensjon [Contractual Pension]. This is a contract between business parties, calculated for employees who have had a hard working life. Some professions have special age limits for when people may retire. Firemen, pilots, police officers and oil sector employers are just some of these.
Since 1992, housewives/house-husbands with children under the age of seven, elderly people in need of care and disabled people have all earned annual pension points. This allows them to earn the entitlement to a pension without having received a salary.
A number of companies and workplaces have had their own supplementary pension arrangements. As a result of the major pension reform, it has been established that everyone should receive a supplementary pension.
It is also possible to make payments into private pension funds/insurance policies.
After one year’s sick leave, individuals are assessed for disability pension. For example, it is possible to work at 50% of full time and receive 50% of a disability pension.
Insurance against injury at work must come into force in the event of accidents at work which lead to a reduction in ability to work.
