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P 4615 Norwegian pensions eruption


ISSA 2010.05.04

On January 1 next year, the government pension system in Norway will be replaced by a brand new system.

It is the outcome of almost a decade of negotiations between the government, opposition parties and the countries’ powerful unions and it is designed to address the challenges of increased longevity and rising pension fund costs that is a financial noose around the neck of many developed nations.

The new rules will affect how Norwegians earn a pension through the government’s national insurance scheme, at what age they can start drawing a pension and how the pension is adjusted.
by jpflege | 2010-05-05 11:22 | 703 Norway
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