Starting pension payment from NAV prior to 67 years of age for foreigners and Norwegians that have worked abroad.
In order to start withdrawal of pension from NAV prior to the age of 67 years of age one need to have pension capital that gives a yearly payment of minimum 2G (approx. NOK. 200.000,-) per annum.
Quite a few
foreigners, and Norwegians which have worked abroad for a period, will not have
enough pension capital in NAV to take out pension from 62, or prior to 67, due
to the above.
pension rights abroad (EU/EEC) can be included by prioritization:
countries with which Norway has a social security agreement (and indeed the
EU/EEA) must be included in the calculation when the minimum pension level is
to be set. It's called prioritization. This is done by reducing the minimum
requirement for the pension's size at the age of 67 proportionally when there
is pension accrual in one or more such agreement countries.
In practice, the minimum requirement is
reduced by multiplying the full minimum requirement by a fraction where the
vesting period in Norway is the numerator and the sum of the vesting period in
Norway, and the agreement country is the denominator. This means that a
prioritization of the guarantee pension level is made based on social security
time in Norway and social security time in agreement countries. For example, 20
years of service abroad and 20 years of service in Norway gives the fraction
20/40. In other words, the requirement for a pension at age 67 has been halved.
This makes it easier to fulfill the condition
for early withdrawal for persons who have earned social security time in an
agreement country. The way the rule works is that the lower the insurance
period in Norway is in relation to the agreement country's total insurance
period, the lower the guarantee pension level requirement is at 67 years.
But NAV must get information about earning
abroad, as they do not have access to that information. It must, therefore, be
documented. The easiest way is to contact NAV to know precisely what kind
of documentation is required from the country in question.
There is more information here (old National Insurance):
only in Norwegian)
and here (new National Insurance):
only in Norwegian)
that Industri Energi offers pension advise for member from 57 years of age:
https://www.industrienergi.no/nyhet/pensjon-sorg-for-at-du-gjor-de-smarte-valgene-benytt-deg-av-pensjonsradgivningen-var/ (unfortunately only in Norwegian)
Energi also have a “pension telephone” that one can call regardless of age:
https://www.industrienergi.no/nyhet/industri-energi-lanserer-gratis-pensjonstelefon-for-medlemmene/ (unfortunately only in Norwegian)
hilsen / yours sincerely
de Vries, Robert Jaques
Leder / manager
Publisert av: Odd Gunnar Øye | Sist oppdatert: 29.09.2020 kl 15:10 | Opprettet: 29.09.2020