Pension is not something you think about in everyday life, but it determines how you will live when you stop working. NTL works actively to ensure you have secure and fair pension schemes through collective agreements, political influence, and negotiations.
Your pension can come from three sources:
In addition, you may be entitled to a survivor's pension. Your pension can come from one or more of these sources, and it is the total sum that determines what you actually have to live on.
NTL demands that occupational pension schemes be regulated in collective agreements so that they cannot be changed without agreement between the employer and the employees. This gives you, as a member, real influence over your own pension scheme.
The statutory minimum scheme for defined contribution pensions is too low. NTL demands that the minimum level be raised and that broad, collective occupational pension schemes be established in the private sector with lifelong and gender-neutral benefits.
Today, about 70 percent of those who have worked in an AFP-eligible company fall outside the scheme due to job changes, accrual requirements, or other formal obstacles. NTL demands that these gaps be closed so that more people actually receive the AFP they are entitled to.
The pension reform's life expectancy adjustment leads to benefits being reduced over time. Not everyone can compensate for this by working longer. See what applies if you want to retire at 62 here.
NTL believes that the life expectancy adjustment has a socially unequal impact and favors professional groups with high education and long, desk-bound careers. We are working to ensure that pensions are not reduced for those who retire between the ages of 62 and 67.
Many state employees have the right to retire earlier than others because their work is particularly physically or mentally demanding. This applies, among others, to the armed forces, the police, and the correctional services. In 2023, NTL negotiated a new permanent agreement on special age pensions, which ensures these workers a pension level they can actually live on.
NTL demands that the old-age pension for the disabled not be subject to life expectancy adjustment, and that good disability pension schemes with accrual up to age 67 be secured in both the public and private sectors.
NTL negotiates pension schemes during collective bargaining, demands that occupational pensions be set in collective agreements, and works politically to strengthen AFP and prevent life expectancy adjustments from affecting those who cannot work longer. As an NTL member, you are represented by union representatives who ensure that pension schemes are not weakened in your workplace.
AFP (contractual pension) is a lifelong supplementary pension you may be entitled to if you work in a company with a collective agreement. It is paid on top of the National Insurance Scheme and the occupational pension. Today, about 70 percent of those who have worked in an AFP-eligible company fall outside the scheme due to job changes or accrual requirements. NTL is working to change this.
With a defined benefit pension, your payout is guaranteed in advance, typically as a percentage of your final salary. With a defined contribution pension, the employer pays in a percentage of your salary, and what you receive depends on how much has been saved and what returns it has generated. A hybrid pension is a middle ground that provides more predictability than a pure defined contribution pension.
The pension from the Norwegian Public Service Pension Fund and the National Insurance Scheme is guaranteed by the state. Occupational pensions in the private sector are secured through insurance companies and regulated by law. NTL works to ensure that the schemes are collective and stable so that you are not dependent on individual savings or market fluctuations to have a pension to live on.
As an NTL member, you retain valuable benefits when you retire – most even receive free membership. All you need to do is notify NTL of your retirement date, and we will handle the transition for you. Read more here.