Defined-contribution pension

All employees who have reached the age of 13, must be reported from the first day. This also applies to employees who are foreign citizens provided they are members of the Norwegian National Insurance Scheme, as well as those with a temporary social security number (D-number).

New employees over the age of 75 can be kept outside of the agreement. In this case, this must be specified in the pension scheme’s legal agreement.

All substitutes must be registered, regardless of the FTE fraction.

Summer substitutes should be registered as above, and salary/FTE fraction corrected just before they are withdrawn.

Apprentices who have signed apprenticeship contracts with the business are covered by the pension scheme in the same way as other employees.

The defined-contribution pension consists of two parts:

Retirement pension

Monthly savings for future pensions for each employee. The company itself decides how much will be saved, but the minimum is 2 per cent of each individual employee’s salary up to 12G. The chosen contribution rate must apply for all employees, irrespective of salary, position and length of service.

Waiver of contribution

An insurance that covers future monthly payments for employees who are declared incapacitated for work.

No, owners of the business can choose not to take part in the scheme.

When deciding whether the business will purchase the compulsory occupational pension, the owner/self-employed person must nonetheless be included in the number and with their FTE fraction.

When the pension scheme is purchased, the owner/self-employed person can still choose not to take part in the scheme.

Each individual employee gets their own pension account in DNB. The deposits are invested in a starting profile.

The employee can choose a higher or lower proportion of equities. In our profiles, the proportion of shares is high at a young age and is gradually reduced the older you get.