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WHEN EVERYONE WAS HAPPY: On January 2, 2019, four party leaders met in Granavolden in the municipality of Gran. There, they agreed on a new government platform and that a committee should be created to evaluate pensions from the first crown. Now it comes true. From left to right: Erna Solberg (H), Siv Jensen (Frp), Trine Skei Grande (V) and Kjell Ingolf Ropstad (KrF). Photo: Helge Mikalsen
The Progress Party has agreed with the government parties to introduce a pension from the first crown.
Conservatives, Greens, Liberals and Christian Democrats agree on the fundamental principles of pension accumulation that has been applied since the “first crown” in private pension accumulation plans.
It appears in a press release from all four parties.
– This is good news for all employees who have short-term or part-time jobs and who are currently not entitled to pension savings, says Erlend Wiborg (Frp), who chairs the Storting’s Labor and Social Affairs Committee.
In practice, this means that all young people can start saving for a pension from the first crown earned.
Today, private sector companies are required by law to save at least two percent of employee salaries between 1G and 12G. In practice, therefore, many companies only offer pension contributions of the part of the salary that exceeds 1 G, which in 2020 is equivalent to 101,351 crowns.
HAPPY: Erlend Wiborg of the Progress Party. Photo: Ola Vatn / VG
However, it is reported that the introduction will not come into force before 2023. Both to give the business fabric the opportunity to adapt to the social security obligations that this entails, also with regard to the economic situation in which the company is now business tissue.
In the private sector, employers save an amount corresponding to a part of their employees’ salary in the occupational pension that is paid as a pension when the employee retires, but this only applies to employees who are over 20 years old, work longer 20 percent position and have an income of over 100,000 crowns.
Frp’s press release notes that first crown pensions benefit young people, students, women and other workers in particular with small jobs in the labor market.
– Conservatives have been concerned that you always have to pay to work, and believe that earning a pension with the first crown contributes to this, says Heidi Nordby Lunde, spokesperson for labor and social policy for the Conservatives.
VG updates the case.
