Alderspensjon – pension in Norway

Alderspensjon – Norwegian pension

If you have worked in Norway for at least 5 years and have paid social security contributions during this time, you may be entitled to a Norwegian pension. To get it, you must be over 67 (or 62 in some cases). Thanks to this, you can receive a steady income after retirement.

1. Basic information

You are entitled to a pension by working and living in Norway.
Social Security retirement is a lifetime benefit.
You can work and receive a pension at the same time.

1.1 Pillars of the Norwegian pension

The Norwegian pension consists of 3 pillars. This is a social, earned and additional pension.

Pillar 1 – social, is available to every person who has been a member of the Norwegian social security system for at least 5 years (this may be work or a benefit period).
Pillar 2 – income, is a conversion factor of what we have earned, so the basis for calculations is what we have accumulated until we retire.
Pillar 3 – is everything we have in addition, e.g. our private insurance or AFP, so it is the sum of voluntary contributions.

2. Who is entitled to a Norwegian pension?

A pension from Norway is available to anyone who has lived or worked in Norway. You can receive your pension from the first month after you turn 67.

If you earn enough, you can start receiving your pension from the month after you turn 62. 'Enough' means that your earned pension must be at least as high as the minimum pension for your age group. Please note that this may result in a significantly lower pension paid monthly. Paying out early means you spread your pension over several years, so you'll receive a smaller pension payment each year.

It is also worth mentioning that the rules of consideration also differ depending on the year of our birth, there are three age groups - people born before 1954, people born between 1954 and 1963, and also for people born after 1963.

3. How much is the pension in Norway?

How much is the pension in Norway?

As in Poland, this is influenced by many factors, including:
– Whether the person takes up work while receiving the benefit
– Number of years of membership in Folketrygden in Norway,
– Contribution period – i.e. how many years you paid insurance premiums,
– Contribution payment period in countries other than Norway,
– Pensjonsgivende inntekt, i.e. the amount of income that constitutes the pension basis,
- Family situation
– Other pension security – e.g. having the 2nd and 3rd pension pillar,
– Year of birth – in the case of the Norwegian pension, the rules for calculating it depend on the year in which the person entitled to benefits was born

The rules for calculating, calculating and indexing your pension also differ depending on when you were born and when you receive your pension.

W calculator available on the NAV website you can see what pension you are currently entitled to. You can also calculate how much your pension will increase if you wait a year or two. You can also see how your pension will be affected if you choose a graduated payment of between 20 and 80 per cent of your pension instead of 100 per cent.

Before performing the service, we do not perform calculations using the calculator available on the website due to the scope of error.

4. What are the criteria for receiving a pension in Norway?

To receive a pension in Norway, you must meet these conditions:

1. You have worked in Norway for more than 5 years
2. We must reach retirement age (standard is 67, with sufficiently high earnings, it is enough to be over 62)
3. We must pay contributions in Norway for at least 40 years (if we want to receive the full amount of the pension)

5. When to submit an application?

The retirement age in Norway is 67.

Theoretically, you can apply for an early, partial retirement pension after the age of 62, but if you choose it too early, you can use up all your contributions before reaching retirement age.

6. Required documentation

In order to perform the service, you will need:

• a certificate from ZUS about the accumulated pension capital in Poland, if we also worked in other countries, we will need similar certificates from the countries where we paid contributions,
• documentation confirming periods of work abroad - e.g. in Poland (if we do not have this, e.g. due to difficulties in obtaining confirmation, our declaration should be sufficient),
• copy of identity document,
• Depending on your individual situation, additional documentation may also be needed.

NOTE: LOGIN TO BANK ID OR BUYPASS IS NECESSARY.

7. What does the service include?

The service includes:

• Contact us regarding your pension
• Login on the office website
• Submitting your application
• Information about the waiting time and further procedure
• Help if you have problems with your application

WARNING: The decision regarding the granting of a pension rests with NAV in Norway. The service only covers mediation between you and the office.

8. Waiting time

NAV's standard processing periods for pension applications are:

• 1 week when you live in Norway,
• 4 months if you lived in Norway before and currently live in another EEA or contract country,
• 8 months if you live in a country outside the EEA or not covered by the agreement.

These periods may be extended if we do not provide all required documents immediately.