Doubling in retiree pensions to other Nordic countries in the last ten years

NAV Social security fraud, NAV Rule labour marketNAV.Photo: Norway Today Media

In the last ten years, the number of people in other Nordic countries receiving retiree pensions from Norway has roughly doubled, new figures from Nav show.

In June, 27,600 people in other Nordic countries received retiree pensions from Norway. That is about 13,000 more than ten years ago. In June 2010, the number was 14,600, the Nav figures show.

According to department director Ole Christian Lien in Nav, it has become more common to work across national borders, and it is this development that is reflected in the figures for earning a retirement pension.

– “People who have worked in Norway for parts of their professional careers are often entitled to a certain retiree pension,” he says in a press release.

Three out of ten recipients of retired pension in other Nordic countries are Norwegian citizens.

On average, this group has 16 years of social security in Norway with 11 years of pension earnings, where they have been employed or had another assignment. In 2019, the average payment to this group was NOK 82,000 per head.

Among the Nordic countries, the most pension was paid to Sweden in 2019 with NOK 1.5 billion, followed by Denmark with NOK 450 million. Furthermore, retired pensioners in Finland, Iceland, and the Faroe Islands received NOK 106, 25, and 6 million in total in 2019.

At the end of June 2020, 970,900 people received an old-age pension. That is 23,000 more than at the same time last year. According to forecasts from Nav, the number will probably exceed one million in 2021.

© NTB Scanpix / #Norway Today


Be the first to comment on "Doubling in retiree pensions to other Nordic countries in the last ten years"

Leave a comment

Your email address will not be published.