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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.
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.
The Institutions for Occupational Retirement Provision Directive 2016/2341 is a European Union Directive designed to create an internal market for occupational retirement provision. It lays down minimum standards on funding pension schemes, the types of investments pensions may make and permits cross-border management of pension plans.
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 ...
Basic pension: Social insurance system: No, closed in 2008: N/A Armenia: Social assistance: Social insurance system: Mandatory individual accounts: Voluntary pensions Australia: Social assistance: Mandatory occupational pension system: N/A: N/A Austria: No: Social insurance system: Occupational pensions: Private pensions Bahrain: No: Social ...
The U.S. has the biggest economy in the world by a wide margin, with an annual GDP that is nearly as big as the next three countries combined, according to Worldometer.com. But when it comes to...
The government will also legislate in Finance Bill 2017 to apply British tax rules to payments from funds that have had British tax relief and have been transferred, on or after 6 April 2017, to a qualifying recognised overseas pension scheme. British tax rules will apply to any payments made in the first 5 full tax years following the transfer ...
Norwegian Labour and Welfare Service (Arbeids- og velferdsetaten): administers age- and disability pensions and other welfare, and manages unemployment; Norwegian Labour Inspection Authority (Arbeidstilsynet): occupational health and safety authority; Norwegian Pension Insurance for Seamen (Pensjonstrygden for sjømenn): administrates the ...