Work and pension at the same time? See the possibilities
In the future, there will be more options for those born in 1963 or later. You don't need to resign from your job to receive a pension.
There's a distinction between taking out a pension and retiring. For those born in 1963 or later, these two are no longer interconnected. This means you can choose to take out your pension and continue working, or you can take out your pension and retire.
To understand your options and what it means in terms of pounds and pence, you must log in and use our pension calculator. (The calcucaltor is in Norwegian).
Here, you choose when you want to start taking out your pension and how long you want to work. You can select an age between 62 and 75 to see how your pension changes based on your choices. Feel free to play with the numbers as many times as you like.
In the example, you see someone choosing to take out their pension at the age of 62 and continuing to work in a 100 percent position until the age of 70. The pension calculator illustrates the implications of these choices. The shaded part of the column represents salary, while the blue part represents the pension from us and the National Insurance Scheme (NAV). On the right side, she can manipulate the numbers for when she wants to take out the pension and how long she wants to work. The result is instantaneous.
Everyone now has more choices than before, and these choices can have different consequences for each individual. We hope the calculator can assist you in planning for the future. Log in and try it out!
Worth knowing: It pays off to work as long as possible and delay taking out the pension.
Note: You can also log into the pension calculator if you were born before 1963, but the choices will look slightly different. Unfortunately, you cannot use the calculator if you have a special retirement age or receive a form of pension from SPK before. Feel free to contact us if you have any questions.