NATLEX
Database of national labour, social security and related human rights legislation
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| 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 |
| Link: | https://www.ilo.org/dyn/natlex/natlex4.detail?p_isn=89082&p_lang=en |
| Bibliography: | Act online in Norwegian  Ministry of Labour, Norsk Lovtidend, www.lovdata.no, Norway, 9 pp. 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). |
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