According to NAV, the number of new retirees is the highest in several years. In the first half of 2023, 35,5 thousand people took advantage of their pension for the first time. people. This is the highest number since spring 2015. Within six months, there were 37,6 thousand new retirees. In the same period of 2022, 33,2 thousand people started retirement. people. From 2022 to 2023, this number increased by 6,8%.
The main reason is the increasing number of older people in the 62-67 age group. At this age, most people start receiving their pension.
– In addition, we believe that the high price increase may have resulted in more people than usual deciding to start drawing a pension this year, among those who are still working, says NAV department director Ole Christian Lien.
In his opinion, it is expected that the number of retirees will continue to grow rapidly in the coming years.
– This is due to the larger number of older people, and changes in regulations from 2025 will make this possible people downloading AFP in the public sector simultaneous commencement of pension receipt.
At the end of June 2023, 1 thousand people were receiving pensions. people. There are 029,3 thousand more retirees. more than in June 19,6. From 2022 to 2022, this number increased by 2023%.
Despite the rapid increase in the number of retirees, people are working longer than before. The average retirement age in the first half of 2023 was 66,0 years, which means an increase of 0,2 years compared to the same period in 2022. In the last decade, there was a slight increase in the retirement age - from 65,7 years in 2013.
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Almost everyone is covered by the new regulations
People born between 1954 and 1962 receive it part of the pension according to the new rules pension calculation. However, future retirees, born in 1963 and later, receive their entire pension according to these rules.
– Now almost everyone who starts withdrawals is covered by the new regulations, says Lien and explains that in the first half of 2023 they will apply to as many as 97%. new retirees.
The biggest advantage of the new regulations is that all years of work affect retirement.
New retirees will receive part of the pension calculated according to the new rules and part according to the old rules. The size of both parts is different for the 1954-1962 group, and the younger group receives an increasingly larger part under the new rules.
The 1954 group will receive one tenth under the new rules, while the 1955 group will receive two tenths under the new rules. This number increases up to the 1962 group, which gains nine-tenths under the new rules.
AFP – is a pension program for employees of companies that are members and pay contributions to the AFP program. LO requested such a solution in 1988. During the tariff revision, LO and NHO agreed on a program under which employees can draw a pension from the age of 66, while the National Insurance System pays a pension from the age of 67.
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Source: NAV
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