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Occupational pension schemes are arrangements established by employers to provide pension and related benefits for their employees. From 2006, all employers in Norway are required to provide an occupational pension (see mandatory occupational pensions section below) for their employees.
The Government Pension Fund – Norway (Statens pensjonsfond Norge, SPN) was established by the National Insurance Act (Folketrygdloven) in 1967 under the name National Insurance Scheme Fund (Folketrygdfondet). The name was changed at the same time as the former Petroleum Fund, on 1 January 2006.
Kommunal Landspensjonskasse Gjensidig Forsikringsselskap or KLP is an Oslo-based mutual insurance company that manages the pensions of municipal employees in Norway.As of 31 March 2021, the fund had assets of NOK 813.5 billion (US$95.1 billion), [1] with 337 municipal and county authorities, 31 health trusts and 2,300 public sector firms as clients.
Voluntary private collective pension provision; Voluntary private individual pension provision Georgia: Basic pension: N/A: N/A: N/A Germany: Social assistance: Social insurance system: Voluntary occupational pension insurance: Private pension schemes Hong Kong: Basic pension: Provident fund system: N/A: N/A Hungary: Social assistance: Private ...
An occupational pension fund, also referred to as an employer funded or employer administered scheme, is a pension offered by an employer to an employee's retirement scheme. [1] Within the European Union (EU), these pension funds can vary throughout certain Member States due to differences in retirement ages in Europe , salaries and length of ...
Norwegian Public Service Pension Fund (Norwegian: Statens Pensjonskasse) is a Norwegian government agency responsible for the extra pensions paid to state employees. There are in excess of one million members, and it has total assets of NOK 270 billion.
A qualifying recognised overseas pension scheme, or QROPS is an overseas pension scheme that meets certain requirements set by HM Revenue and Customs (HMRC). A QROPS can receive transfers of British pension benefits. The QROPS programme was part of British legislation launched on 6 April 2006 as a direct result of EU human rights requirements ...
The newly established agency is a collaboration between the Norwegian Labour and Welfare Service (Norwegian: Arbeids- og velferdsetaten) and certain parts of the municipal social services. [3] "NAV" was originally an acronym for "New Labour and Welfare Administration" (Norwegian: Ny arbeids- og velferdsforvalting) but is now seen as a word of ...