For persons born before 1954, the old-age pension consists of a residence-based basic pension, an earnings-related supplementary pension, supplements for supported spouse and children and a special supplement securing a minimum pension level for persons with little or no supplementary pension (as before). Persons born in 1963 or later are primarily granted an earnings-related pension, but a residence-based guarantee pension provides a minimum pension level (similar to the old system, but with new rules for calculation). For persons born between 1954 and 1962, one part of the pension is calculated according to the old rules and the other part according to the new rules. The latter part increases for each year after 1954 up to the person’s year of birth. According to the rules for persons born before 1954 (see above), persons who are insured for pension purposes and who have a total insurance period of minimum three years between the ages of 16 and 66 are entitled to a pension. For persons born in 1963 and later all pensionable income earned between the ages of 13 and 75 counts toward the income-based pension (no minimum requirement). However, a minimum insurance period of three years between the ages of 16 and 66 is required to be entitled to a guaranteed pension. A full pension, according to the rules for persons born before 1954, requires an insurance period of minimum 40 years. If the insurance period is shorter, the pension is proportionately reduced. The full minimum pension as of 1 May 2013 is NOK 170 496 per year for single persons and NOK 315 408 for couples (NOK 157 704 for each). expenditures on pensions under the National Insurance Scheme in 2012 were NOK 345 209 million. This amount represents approximately 35.4% of the combined state and national insurance budgets and 12% of GDP. The budget allocations to the national insurance scheme were NOK 96 575 million in 2012, which is equal to 28.0% of the total expenditures under the scheme. In addition to the National Insurance Scheme, a supplementary allowance scheme has been introduced. This scheme is also non-discriminatory. The purpose of the scheme is to provide financial support for elderly persons with shorter periods of insurance under the National Insurance Scheme.
For persons born before 1954, the old-age pension consists of a residence-based basic pension, an earnings-related supplementary pension, supplements for supported spouse and children and a special supplement securing a minimum pension level for persons with little or no supplementary pension (as before). Persons born in 1963 or later are primarily granted an earnings-related pension, but a residence-based guarantee pension provides a minimum pension level (similar to the old system, but with new rules for calculation). For persons born between 1954 and 1962, one part of the pension is calculated according to the old rules and the other part according to the new rules. The latter part increases for each year after 1954 up to the person’s year of birth. According to the rules for persons born before 1954 (see above), persons who are insured for pension purposes and who have a total insurance period of minimum three years between the ages of 16 and 66 are entitled to a pension. For persons born in 1963 and later all pensionable income earned between the ages of 13 and 75 counts toward the income-based pension (no minimum requirement). However, a minimum insurance period of three years between the ages of 16 and 66 is required to be entitled to a guaranteed pension. A full pension, according to the rules for persons born before 1954, requires an insurance period of minimum 40 years. If the insurance period is shorter, the pension is proportionately reduced. The full minimum pension as of 1 May 2013 is NOK 170 496 per year for single persons and NOK 315 408 for couples (NOK 157 704 for each). expenditures on pensions under the National Insurance Scheme in 2012 were NOK 345 209 million. This amount represents approximately 35.4% of the combined state and national insurance budgets and 12% of GDP. The budget allocations to the national insurance scheme were NOK 96 575 million in 2012, which is equal to 28.0% of the total expenditures under the scheme. In addition to the National Insurance Scheme, a supplementary allowance scheme has been introduced. This scheme is also non-discriminatory. The purpose of the scheme is to provide financial support for elderly persons with shorter periods of insurance under the National Insurance Scheme.
common-core-document-norway-2013.docx