Retirement pension

Anyone who is or has been a member of the Pension Scheme for the Pharmacy Sector for at least three years is entitled to a retirement pension. A retirement pension from the Pension Scheme for the Pharmacy Sector is in addition to a retirement pension from the National Insurance Scheme* and is a life-long payment.

Samtale i apoteket

A pension consists of many parts. The occupational pension comes from us.

The National Insurance Scheme

In order to be entitled to receive a retirement pension from the National Insurance Scheme (Folketrygden) you must have been a member for a minimum of one year. For most Norwegians this pension is the largest part of their total retirement benefits.

Occupational pension

As a member of the pension scheme for the pharmacy sector you have a solid occupational pension. Your employer contributes funds based on your salary for every month you work, which form the basis of the pension accruals.

Own savings

Most people will see a reduction in income when they retire. Therefore, you may want to save in order to have additional funds. You can do this by repaying debt and saving in funds, stocks or banks.

Retirement pension rules are different for different age groups

See below links to the rule sets for retiremenet pensions based on your birth year. 

For you born 1943 - 1953

Full old-age pension from us amounts to 66 per cent of the pension base if you retire from the Pension Scheme for Pharmacy Sector and the National Insurance Scheme at the age of 67.

For you born 1954 - 1958

You have an individual guarantee which means that you will receive 66 per cent of your final salary in old-age pension, given that you have full earnings and draw the occupational pension and old-age pension from the national insurance at the same time. If you have earned less than 30 years, you have a proportional guarantee.

For you born 1959 - 1962

The retirement pension from The Pension Scheme for the Pharmacy Sector (POA) is in addition to the retirement pension from the National Insurance Scheme, and you can start receiving retirement pension from POA from the age of 67.

For you born 1963 or later

The Parliament (Stortinget) has passed entirely new rules for the accrual and withdrawal of retirement pensions for public employees born in 1963 or later, starting from January 1, 2020. These new rules will not apply to employees in the pharmacy sector. This means that the current pension scheme will continue for old-age pensions from the age of 67 and for early contractual pension (AFP) from 62 to 67 years.

Learn more about retirement pensions

The following links take you to pages with more information about retirement pensions from us, however the text is in Norwegian. 

Also, learn more about what the retirement pension consists of and why it varies for different age groups.

How to apply for retirement pension

It is up to you when you want to retire, but this has to be seen in relation to the age limit of your position and finanical size of your pension accruals.

This is the process

  1. Find out together with your employer when you would like and have the opportunity to retire.
  2. At least two months before you retire your employer must send us a notice of retirement. Pension notifications may be sent earlier, but will not be acted upon before it's time. You do not need to send us a separate application in addition to the pension notification.
  3. No matter how early your employer submits a pension notification, we will approve the pension case at the earliest six weeks before the retirement date.
  4. Your employer will receive a receipt via Altinn. You will not receive a confirmation from us, but you can check if we have created a case regarding your retirement notice by logging in to "My page" on spk.no (only available in Norwegian)
  5. Once the pension has been approved, your old-age pension will be paid from the first month after the retirement date.