Pension agreement since the first crown – NRK Norway – Summary of news from different parts of the country

On Saturday, the government parties Høyre, Venstre and KrF, as well as the opposition party Frp, agreed to introduce a pension from the first crown.

This means that the employer must reserve at least 2 percent of all salary it receives for retirement, according to Erlend Wiborg at Frp.

– It is true that all income must be accounted for when your pension is calculated. So we need to make sure that those who work part-time also receive pension income, Wiborg tells NRK.

The fight for a first crown pension has been a battle issue for the Labor Party and LO since 2015.

– Having been voted against that issue for many years, we are of course happy that the issue can get a solution that is fair to all those who work in the private sector and have no pension income since the first crown, Rigmor Aasrud ​​En Labor tells NRK.

Pension from the first crown

Today, everyone is entitled to what is called a retirement pension from the National Insurance Plan.

In addition, there is an occupational pension. It is a pension paid by the company you work for. There are exceptions to what type of companies have to pay retirement pensions.

However, if you work less than 20 percent of a position, earn less than NOK 101,351 (the current base amount in the National Insurance Plan) per year, or are less than 20 years old, should Not the company you work for pays your pensions.

It is also optional for companies to pay a pension on the first SEK 101,351 that employees earn.

This was set to change today, which means that:

• Those who work less than 20 percent of a position will receive a pension from the company they work for.
• Those who earn less than NOK 101,351 per year will receive a pension from the company they work for.
• Those under 20 years of age will receive a pension from the company for which they work.
• Everyone who earns more than NOK 101,351 per year will receive a pension from the first crown. Not only for the salary they receive then who have won 101,351 crowns.

NHO: the minimum rate will be lowered

The minimum rate today is 2 percent. This means that the company you work for must pay at least 2 percent of your salary in pension each year, if you earn more than the basic amount in the National Insurance System. That is 101,351 crowns.

It will cost companies money to change the scheme as the government and the FRP want.

– We are talking about a couple of billion crowns in additional costs. But everyone else in Norway earns a pension based on their income, and so it is not reasonable that those with the lowest income should not receive it. So I think it’s money well spent, says Wiborg.

NHO’s Nina Melsom says it’s important for the government to consider businesses and give them time to adapt. For the NHO, it is an alternative to reduce the minimum rate of 2 percent.

– As of today, the win rates are 2 percent. When you already make pension earnings from the first crown, you can do it in a cost-neutral way by lowering the rate, says Nina Melsom at NHO.

The Labor Party and the Socialist People’s Party won’t wait until 2023

In order for companies to have time to adapt, the parties want it to be introduced in 2023. Furthermore, the decision requires legislative changes. Therefore, it will not be possible to introduce it until January 1 of next year at the earliest.

The opposition Labor and Social Democratic parties are happy that the government and the Green Party change the scheme. But they believe it should happen faster than the government plans.

– Finally, the right must give in to the just demand for a pension from the first crown. I’m glad our initiative succeeded, says Solfrid Lerbrekk, spokesperson for labor and social policy at SV.

The Labor Party sees no reason to wait two years to introduce the scheme:

– So we wonder a lot why they say 2023. It is a long time. So now we have the issue in a pension proposal that is already in the Storting, and then it will be natural for us to propose to legislate it for this year, says Aasrud.