Norway: employers they pay minimum pension rates. The obligation to pay disability and retirement insurance contributions rests with every employer employing an employee under an employment contract. Randi Marjamaa, CEO of Nordea Liv, draws attention to the fact that a large part of employers pay the minimum pension rate to their employees. It is known that in this way the company generates savings and does not increase costs. In addition, it should be emphasized that in this way an employee retiring or receiving a disability pension will receive a minimal, low benefit. How to avoid such a situation?
. What does it look like up close?
“The minimum rate an employer must spend on retirement savings is 2 percent. For 43 percent of Nordea Life's customers, this is exactly the rate. Winning a higher wage than your employer can mean a big difference in the amount of your benefit on retirement. Employees have to start thinking about retirement themselves. They should start taking care of her - emphasizes Randi Marjamaa, CEO of Nordea Liv.
In which industries the higher pension rates?
. As it turns out, the amount of the pension rate often depends on the salary of a given employee. The higher the salary, the higher the pension rate. The highest pension contributions are paid by companies from the following industries: energy, finance and insurance. The lowest in industry and in the commercial and industrial space.
. Pension contributions as a bargaining chip.
To sum up. As it turns out, the amount of pension contributions is a bargaining chip between the employer and the employee. The employer wants to have a good specialist with him, a person with appropriate, appropriate competences. The employee wants to enjoy stable employment. Every year he is more and more aware of his rights. Therefore, employers must take care of their staff. In addition, they must guarantee the employer good social facilities.
When I'm dating companies and employees, both sides are willing to include it as part of the pay debate. He says this could be a great opportunity for the company to keep its best experts on board.” – says Randi Marjamaa, CEO of Nordea Liv.
Source of information: https://www.dagensperspektiv.no/
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