Promoting jobs, protecting people
NATLEX
Database of national labour, social security and related human rights legislation

Norway >

Original name: Lov (Nr 5 av 2010) om statstilskott til arbeidstakere som tar ut avtalefestet pensjon i privat sektor (AFP-tilskottsloven).
Name: Act (No. 5 of 2010) on state subsidies from early retirement schemes to employees within the private sector (AFP subsidies Act).
Country: Norway
Subject(s): Old-age, invalidity and survivors benefit
Type of legislation: Law, Act
Adopted on: 2010-02-19
Entry into force:
ISN: NOR-2010-L-89082
Bibliography: Act online in Norwegian Act online in Norwegian Ministry of Labour, Norsk Lovtidend, www.lovdata.no, Norway, 9 pp. PDF in Norwegian PDF in Norwegian (consulted on 2012-01-19)
Abstract/Citation: Introduces 8 chapters and 32 articles concerning, inter alia:

Chapter 1: Purpose and Definitions (purpose; definitions).
Chapter 2: Contractual pension, new scheme (application of the chapter; conditions for entitlement to state subsidies; requirements for the calculation of early retirement schemes; basis for the calculation of early retirement schemes; calculation of pension; relationship to other benefits).
Chapter 3: Compensation supplement to a pension pursuant to chapter 2 (additional compensation; reference amount; determination of the compensation supplement).
Chapter 4: Transitional arrangements, early retirement pension under previous rules (application of the chapter; subsidies period; pension; relationship to income; relationship to social security benefits, etc.).
Chapter 5: Management and processing (decision-making authority, etc.; management; contractual issues and management of funds; statutes).
Chapter 6: Funding (premiums from employers; premiums for the coverage of pension costs under chapter 2; premiums to cover pension costs under chapter 4; state subsidies; supervision).
Chapter 7: Miscellaneous provisions (the effective time of early retirement schemes; payment of early retirement pension abroad; repayment of incorrect payments, etc.; disbursements; confidentiality; regulations).
Chapter 8: Entry into force and amendments to other Acts (entry into force and transition rules; amendments to other Acts).

Amends the Act (No. 32 of 2009) to amend the National Insurance Act (No. 19 of 1997); the National Insurance Act (No. 19 of 1997); the Act on Personal Income Tax (No 14 of 1999).

Repeals the Act (No. 110 of 1988) on State subsidies to the arrangements for early retirement pension (2011-01-01).
Repealed text(s):
Amending text(s):
Amended text(s):
Implementing text(s):

© Copyright and permissions 1996-2014 International Labour Organization (ILO) | Privacy policy | Disclaimer