and new regulatory provisions.
The minimum level of pensions for single people will be increased and it has been regulated in a new way. The new regulation applies to all recipients of a pension or AFP in the public sector.
Summary of changes
- The minimum pension level for single people has been increased by NOK 4 from May 000, 1. Another NOK 2020 from July 5, 000.
- The pension regulations in 2021 have been changed so that the pension is increased by the average price increases and wages. However, not higher than the increase in employee salaries.
- AFP in the public sector is regulated in the same way as pensions from the social security system.
- With the regulation of May 1, 2021, compensation is granted as if new recipe the regulation was introduced on May 1, 2020.
Most people received payment of the adjusted pension in June, with a deferral for May. In the payment overview you can see how much your pension has increased.
What do the changes mean?
Changes to the minimum pension for single people mean that they receive a higher pension from the social security system. Pensioners who have a pension higher than the current level of the minimum pension. Simultaneously lower than the new pension level minimum wage, they also received a higher pension. The increased minimum pension from May 2020 was paid gradually.
and new regulatory provisions.
Changes to the way pensions are paid and the regulation of AFPs in the public sector mean that in low growth years real wages you will do better than before, but in times of high real wage growth you will do worse than before.
Read our next article: Pensions in Norway ...
You find the article useful, leave a thumb. Your rating is valuable to us !!!
