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Pensions In Norway
Pensions in Norway fall into three major divisions; State Pensions, Occupational Pensions and Individual or personal Pensions. State pensions (Alderspensjon) All Norwegians citizens are entitled to get a state pension from the age of 67 in accordance with the Norwegian National Insurance Act (Folketrygdloven). The state pension is paid in full to Norwegian citizens who have lived in Norway for at least 40 years after the age of 16 and in lesser amounts to Norwegian citizens who have lived less time in the country (see Minimal state pension (Minstepensjon)). The State Pension is calculated according to what the individual has previously earned from ages 16 to 67. The calculation is made by The Norwegian Labour and Welfare Administration (NAV). The financing of the state pensions is based on a " Pay as you go" system. This means that today's work force is making the payments for the current retirees. The demographic structure in Norway suggests that in the future there will gra ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pension
A pension (, from Latin ''pensiō'', "payment") is a fund into which a sum of money is added during an employee's employment years and from which payments are drawn to support the person's retirement from work in the form of periodic payments. A pension may be a "defined benefit plan", where a fixed sum is paid regularly to a person, or a "defined contribution plan", under which a fixed sum is invested that then becomes available at retirement age. Pensions should not be confused with severance pay; the former is usually paid in regular amounts for life after retirement, while the latter is typically paid as a fixed amount after involuntary termination of employment before retirement. The terms "retirement plan" and "superannuation" tend to refer to a pension granted upon retirement of the individual. Retirement plans may be set up by employers, insurance companies, the government, or other institutions such as employer associations or trade unions. Called ''retirement plans' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Norwegian National Insurance Act
Norwegian, Norwayan, or Norsk may refer to: *Something of, from, or related to Norway, a country in northwestern Europe *Norwegians, both a nation and an ethnic group native to Norway *Demographics of Norway *The Norwegian language, including the two official written forms: **Bokmål, literally "book language", used by 85–90% of the population of Norway **Nynorsk, literally "New Norwegian", used by 10–15% of the population of Norway *The Norwegian Sea Norwegian or may also refer to: Norwegian *Norwegian Air Shuttle, an airline, trading as Norwegian **Norwegian Long Haul, a defunct subsidiary of Norwegian Air Shuttle, flying long-haul flights *Norwegian Air Lines, a former airline, merged with Scandinavian Airlines in 1951 *Norwegian coupling, used for narrow-gauge railways *Norwegian Cruise Line, a cruise line *Norwegian Elkhound, a canine breed. *Norwegian Forest cat, a domestic feline breed *Norwegian Red, a breed of dairy cattle *Norwegian Township, Schuylkill County, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Minimal State Pension (Minstepensjon)
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Minimal may refer to: * Minimal (music genre), art music that employs limited or minimal musical materials * "Minimal" (song), 2006 song by Pet Shop Boys * Minimal (supermarket) or miniMAL, a former supermarket chain in Germany and Poland * Minimal (''Dungeons & Dragons''), a creature of magically reduced size in the game ''Dungeons & Dragons'' * Minimal (chocolate), a bean to bar chocolate store in Japan, featured in '' Kantaro: The Sweet Tooth Salaryman'' * Minimal (clothing), an Indonesia clothing-retail company that worked with fashion model Ayu Gani See also * *Minimalism (other) *Maximal (other) *Minimisation (other) *Minimal prime (other) In mathematics, the term minimal prime may refer to *Minimal prime ideal In mathematics, especially in commutative algebra, certain prime ideals called minimal prime ideals play an important role in understanding rings and modules. The notion of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Norwegian Labour And Welfare Administration
The Norwegian Labour and Welfare Administration (NAV, originally an abbreviation of ''Nye arbeids- og velferdsetaten'') is the current Norwegian public welfare agency, which consists of the state Labour and Welfare Service as well as municipal welfare agencies. It is responsible for a third of the state budget of Norway, administering programs such as unemployment benefits, pensions, child benefits and more. The agency has 19,000 employees (14,000 in the state service). Its head is the Labour and Welfare Director, currently Hans Christian Holte, who is appointed by the government. History NAV was established as a result of the Norwegian Labour and Welfare Act of 2006. The newly established agency is a collaboration between the Norwegian Labour and Welfare Service ( no, Arbeids- og velferdsetaten) and certain parts of the municipal social services. "NAV" was originally an acronym for "New Labour and Welfare Administration" ( no, Ny arbeids- og velferdsforvalting) but is now se ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pay-as-you-go Tax
A pay-as-you-earn tax (PAYE), or pay-as-you-go (PAYG) in Australia, is a withholding of taxes on income payments to employees. Amounts withheld are treated as advance payments of income tax due. They are refundable to the extent they exceed tax as determined on tax returns. PAYE may include withholding the employee portion of insurance contributions or similar social benefit taxes. In most countries, they are determined by employers but subject to government review. PAYE is deducted from each paycheck by the employer and must be remitted promptly to the government. Most countries refer to income tax withholding by other terms, including pay-as-you-go tax. United Kingdom Origins Devised by Sir Paul Chambers, PAYE was introduced into the UK in 1944, following trials in 1940–1941. As with many of the United Kingdom's institutional arrangements, the way in which the state collects income tax through PAYE owes much of its form and structure to the peculiarities of the era in which ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Norwegian Parliament
The Storting ( no, Stortinget ) (lit. the Great Thing) is the supreme legislature of Norway, established in 1814 by the Constitution of Norway. It is located in Oslo. The unicameral parliament has 169 members and is elected every four years based on party-list proportional representation in nineteen multi-seat constituencies. A member of Stortinget is known in Norwegian as a ''stortingsrepresentant'', literally "Storting representative". The assembly is led by a president and, since 2009, five vice presidents: the presidium. The members are allocated to twelve standing committees as well as four procedural committees. Three ombudsmen are directly subordinate to parliament: the Parliamentary Intelligence Oversight Committee and the Office of the Auditor General. Parliamentarianism was established in 1884, with the Storting operating a form of "qualified unicameralism", in which it divided its membership into two internal chambers making Norway a de facto bicameral parliament, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Norwegian Krone
The krone (, abbreviation: kr (also NKr for distinction); code: NOK), plural ''kroner'', is currency of the Kingdom of Norway (including Svalbard). Traditionally known as the Norwegian crown in English. It is nominally subdivided into 100 ''øre'', although the last coins denominated in øre were withdrawn in 2012. The krone was the thirteenth-most-traded currency in the world by value in April 2010, down three positions from 2007. The Norwegian krone is also informally accepted in many shops in Sweden and Finland that are close to the Norwegian border, and also in some shops in the Danish ferry ports of Hirtshals and Frederikshavn. Norwegians spent 14.1 billion NOK on border shopping in 2015 compared to 10.5 billion NOK spent in 2010. Border shopping is a fairly common practice amongst Norwegians, though it is seldom done on impulse. Money is spent mainly on food articles, alcohol, and tobacco, in that order, usually in bulk or large quantities. This is due to considerably ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Standard Of Living
Standard of living is the level of income, comforts and services available, generally applied to a society or location, rather than to an individual. Standard of living is relevant because it is considered to contribute to an individual's quality of life. Standard of living is generally concerned with objective metrics outside an individual's personal control, such as economic, societal, political and environmental matters – such things that an individual might consider when evaluating where to live in the world, or when assessing the success of economic policy. In international law, an "adequate standard of living" was first described in the Universal Declaration of Human Rights and further described in the International Covenant on Economic, Social and Cultural Rights. To evaluate the impact of policy for sustainable development, different disciplines have defined Decent Living Standards in order to evaluate or compare relative living experience. During much of its use in e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mandatory Occupational Pensions (Obligatorisk Tjenestepensjon)
Mandate most often refers to: * League of Nations mandates, quasi-colonial territories established under Article 22 of the Covenant of the League of Nations, 28 June 1919 * Mandate (politics), the power granted by an electorate Mandate may also refer to: * Mandate (after shave), British after shave brand * Mandate (criminal law), an official or authoritative command; an order or injunction * Mandate (international law), an obligation handed down by an inter-governmental body * ''Mandate'' (magazine), a monthly gay pornographic magazine * Mandate (trade union), a trade union in Ireland * , various ships of Britain's navy * Mandate (typeface), a brash-brush typeface designed by R. Hunter Middleton * The formal notice of decision from an appeals court * A requirement for a Health maintenance organization to provide a particular product See also * Contract of mandate, a contract of bailment of goods without reward, to be carried from place to place, or to have some act performed abou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Norwegian Confederation Of Trade Unions
The Norwegian Confederation of Trade Unions ( no, Landsorganisasjonen i Norge, LO) is a national trade union center, decidedly the largest and probably the most influential umbrella organization of labour unions in Norway. The 21 national unions affiliated to the LO have almost 1,000,000 members of a Norwegian population of 5 million. The majority of affiliated unions organizes traditional blue collar workers, but the largest affiliate is the Norwegian Union of Municipal and General Employees which makes up more than a third of all members. LO is affiliated to the ITUC and the ETUC. It was named the Workers' National Trade Union ( no, Arbeidernes Faglige Landsorganisasjon, AFL) from 1899 to 1957. Affiliated with the Labour Party throughout its history, several of LO's member unions have concurrently been member bodies in the Labour Party. The organization owns the Norwegian Labour Movement Archives and Library. Affiliates Current affiliates Former affiliates See also *L ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Confederation Of Norwegian Enterprise
The Confederation of Norwegian Enterprise ( no, Næringslivets Hovedorganisasjon, NHO) is an employers' organisation in Norway with more than 30,000 members. It was founded in 1989 as a merger of the Federation of Norwegian Industries, the Norwegian Employers' Confederation and the Federation of Norwegian Craftsmen. The president is Svein Tore Holsether and the director general A director general or director-general (plural: ''directors general'', ''directors-general'', ''director generals'' or ''director-generals'' ) or general director is a senior executive (government), executive officer, often the chief executive offi ... is Ole Erik Almlid. The executive directors are Anniken Hauglie, Nina Melsom, Øystein Dørum, Peter Markovski, Gjermund Løyning, Christian Chramer, Kåre Anda Aronsen, Vibeke Østensjø and Maria Dahlstrøm. References External links * Conservatism in Norway * {{Norway-org-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sigbjørn Johnsen
Sigbjørn Johnsen (born 1 October 1950) is a Norwegian politician for the Labour Party and was Norwegian Minister of Finance in the periods 1990–1996 and 2009–2013. He is a former member of parliament and served as County Governor of Hedmark from 1997 to 2018. He was member of parliament for Hedmark between 1977 and 1997 and was the Minister of Finance from 1990 to 1996 during the Brundtland's Third Cabinet. He made a comeback in national politics when again he became Minister of Finance in 2009 Stoltenberg's Second Cabinet. After serving in the Stoltenberg's Second Cabinet Stoltenberg's Second Cabinet was the Government of Norway from 17 October 2005 to 16 October 2013. It was a coalition between the Labour Party, the Socialist Left Party and the Centre Party, known as the Red–Green Coalition. On 9 September ..., he resumed his duty as County Governor of Hedmark. He was also the deputy chairman of the Workers' Youth League between 1975 and 1977. References ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
