200,000 more pensioners in the last five years

NAV logoNAV logo.Photo: Lise Åserud / NTB scanpix

The number of persons reaching the  age of retirement and receiving retirement benefits is growing rapidly, according to Nav. At the end of 2015, the number of persons who received retirement benefits after reaching the retirement age were more than 200,000 more than in 2010.
Barely 870,000 had reached the retirement age and were receiving retirement benefits in 2015 and Nav expects the number of pensioners will be more than 900,000 in 2017 and one million in 2020.
– We may expect growth in the number of people retiring in the years ahead even though growth will be lower than in the first five years after the pension reform,  section manager Ole Christian Lien Nav says.
The Pension reform gave from 2011 people the opportunity to get paid their retirement benefits at age 62. Five cohorts then immediately got the opportunity to retire at 62 to 66 years.
At the end of 2015 89,000 under age 67 had become pensioners and were receiving their retirement benefits. This is the cause of just under half of the growth in the number of pensioners since 2010. The remaining increase is due to the population aging, and that there are large cohorts who are now 67years or older.


Source: NTB scanpix / Norway Today