Norway

Basic country data

  • Population 60 and over (2018)
  • 1,210,880
  • % of total
  • 22.6%
  • Population 60 and over (2050)
  • 1,997,868
  • % of total
  • 37.3%
  • Does the country have a social pension?
  • Yes
  • Region
  • Europe & Central Asia
  • Income group
  • High income

Data on social pensions

Grunnpensjon (Basic Pension)

Basic scheme information

Data on social pensions

  • Name of pension or programme
  • Grunnpensjon (Basic Pension)
  • Year first social pension introduced
  • 1936
  • Administrative Organisation
  • Norwegian Labour and Welfare Organization (NAV)
  • Legislative Underpinning
  • Chapters 3 and 19 of the National Insurance Act (folketrygdloven). February 1997.

2012

Government of Norway: Old-age pensions (webpage)

Review of Residency Based Pension Schemes (DWP Paper)

Eligibility criteria

  • Age of eligibility
  • 67 (with flexible retirement from the age of 62)
  • Targeting approach
  • Means-tested
  • Detailed eligibility criteria
  • Pension amount is determined by length of residence - with 40 years or more residency resulting in full - or 40/40 - entitlement. Transfer amount is reduced by 1/40 for each year of residency missing. Until the age of 70 the transfer amount is tapered according to income once income exceeds twice the basic amount. The means-test does not apply to those over 70. Amount is reduced if early retirement (between the ages of 62 and 67) is taken.
  • References and notes

2014

Social Security Programs Throughout the World: Europe, 2014

Adequacy

  • Monthly benefit (local currency)
  • 7,103.75 Norway kroner
  • US$
  • 822
  • % of GDP per capita
  • 14.2%
  • $ PPP
  • 771.7
  • % of $1.90 poverty line (PPP)
  • 1,335%
  • Local amount detailed/other benefits
  • 85245 Kroner is paid a year. This results in a monthly payment of 7103.75 Kroner. Pension amount is determined by length of residence - with 40 years or more residency resulting in full - or 40/40 - entitlement. Transfer amount is reduced by 1/40 for each year of residency missing. Until the age of 70 the transfer amount is tapered according to income once income exceeds twice the basic amount. The means-test does not apply to those over 70. Amount is reduced if early retirement (between the ages of 62 and 67) is taken.
  • References and notes

2013

StatBank: Number of old age pensioners up in 2013

Coverage

2013

Public Spending: Norwegian Labour and Welfare Service - StatRes, 2013

Cost

Resources on the pension in Norway

Social pensions database

Explore the Social pensions database

Calculator

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