Your Pension “Din Pensjon”
The online service “Din Pensjon” is a NAV service that gives you a good overview of your own pension. Here you can, among other things, see your earnings, calculate your future retirement pension (formerly called service calculation), apply for a pension online and get an overview of payment dates.

What can I do in “Din Pensjon”?
• Get an overview of your own pension earnings in the National Insurance Scheme, any AFP, and your earned occupational pension from the largest public and private service providers.
• Calculate future retirement pension from the National Insurance Scheme (formerly called service calculation) – according to the current and old regulations for retirement pensions. You can also calculate AFP and occupational pensions from the largest public and private providers.
• Add any individual savings agreements.
• Compare different options to see how different withdrawal times and withdrawal rates affect the size of your retirement pension.
• Save the different calculations and compare them.
• Apply for a retirement pension from the National Insurance Agency electronically, and apply for a change in withdrawal rate later
• Update your pension information and contact information.
• Write to NAV if you have questions about pension.
• Download pre-filled application forms
• Authorize to read information, calculate retirement and change certain information.

Defined contribution

As an employee of Norwegian companies Telenor is now a member of a defined contribution pension scheme provided by Nordea Liv Norway A / S.

Membership

You join the agreement from the date of employment if you are hired after January 1, 2006, a 20% position or more, or even selected transition to defined contribution in 2006.

Old-age

Annual withdrawal age for old-age pension is 67 years. but you can choose to take out pension already at the age of 62 if you have sufficient earnings. You decide how many years the pension will be paid. Shortest disbursement is 10 years and his pension should at least be paid until you are 77 years.

The employer agrees to pay each year a contribution to your retirement account by following schedule:

• 5% of salary between 0 and 7.1 g (basic amount National Insurance) and
• 18% of salary between 7.1 and 12 G

It will be the sum of the monthly contributions, and return on capital and the length of the payout period that determines the size of your pension. If you die in the insurance period, the accumulated capital accrue to your survivors.

Telenor has chosen asset-based savings, where each employee has the opportunity to choose fund profiles and thus affect the return.

For further information on your defined contribution you can log on via nordealiv.no. You enter your personal pages using Bank ID. (Bank ID from all Norwegian banks can be used)

Management costs

Telenor covers all costs and the monthly deposit consists of the deposit and the previous month’s costs.

Deposit and waiver of premiums

The deposit and waiver of premium means that Nordea Liv continues to pay deposits and premiums if you become disabled.

Right of waiver for retirement pension arises after you have been at least 20% contiguous occupationally disabled due to illness or accident for at least 12 months. This exemption applies as long as the disability lasts, but terminates at the latest at 67 years. By partial disability paid a proportional relief.

Withdrawal before retirement

Ends in the Telenor before retirement, you will be withdrawn from the pension scheme. You will get an offer to continue insurance – and pension savings for their own account, or by the new employer takes over.

• If the member time of the pension scheme is at least 12 months, you will have ownership of the capital saved (in old-age pension). The money will be tied up until you can withdraw pension.
• You will not get with policy for disability or dependent children.

Insurance certificate

Every year you will receive an insurance certificate from Nordea Liv containing information about how much you have accumulated for retirement pensions for now and possibly the other pensions that are related to insurance.

Defined benefit pension scheme

If you were employed before 1 January 2006, you have a defined benefit pension in Telenor Pensjonskasse (TPK). Here you can read more about current guidelines for the defined benefit plan.

All employees who were employed as of 31 December 2005 could choose whether they would switch to a defined contribution pension or maintain the defined benefit plan. Those who are employed after 1 January 2006 will be automatically enrolled in the Nordea deposit scheme.

The benefits from TPK will be:
• Retirement pension from the age of 67 years. (66% of the pension basis at the end of the pension when the assumed national insurance is included). The pension basis constitutes annual salary limited to 12 times the National Insurance Scheme’s basic amount.
• Disability pension if you should be at least 50% disabled. Full disability pension comprises:
A) 25% of G, nonetheless no more than 6% of the individual member’s pension base, and
B) 3% of the individual’s Membership Pension Fund, and
C) 66% of the part of the member’s pension base which is between 6 and 12 G.
The disability pension provides child benefits for each child under the age of 18 that the member is or is obliged to provide. For each child, the child allowance amounts to 4% of the member’s pension base up to 6 G. However, the total child allowance may not exceed an amount equivalent to 12% of the member’s pensionable basis up to
6 G. The child allowance is shortened according to the degree of disability.
Disability pension is coordinated with disability pension from other pension schemes
• Child pension if you die and leave you under the age of 21 years.
• Spouse’s pension if you die and leave your spouse (this will not be continued from 01.01.06, but it may be paid out of the paid-up policy that was earned before this).

Withdrawal

Retirement age, ie the retirement age pension will be 67, but it is possible to choose retirement pension from 62 years.

You can freely combine work and retirement without this reducing retirement pension. This means that you can earn as much as you wish next to full or partial retirement. However, this may have tax consequences, and we encourage the individual to investigate how this will affect their own part.

If you take out a pension in full or in part before the age of 67, the annual payments of old-age pension from the National Insurance will be lower than if you wait for 67 years. This is because the pension you have earned is distributed over several years.

Upword Adjustment

As a result of wage changes, your benefits in the pension fund will also be adjusted. Changes in the National Insurance Fund’s basic amount will also be taken into account. Update of salary is run annually in the member register. Should an insurance case arise, however, consideration will be given to the salary you have at the time a possible pension will be paid.

The pensions that are under payment must be adjusted according to the surplus of pensioners’ surplus funds.

Resignation / leave:
• If you quit Telenor, you will be notified by TPK. The announcement will take place from the day the notice period is over.
• The paid-up policy constitutes so many parts of the annual pension as the accrued membership period amounts to the total membership time, calculated from the date of acquisition and until the retirement age. In addition, you are entitled to a continuation insurance. Upon enrollment, you will receive a separate letter from Telenor Pensjonskasse that reviews this.
• If you have been granted leave from Telenor, you will still be a member of TPK during the leave period, following guidelines set by TPK.
• On expatriation, membership is maintained for up to 10 years.
• If possible. Early retirement, you will be notified of the scheme.

The paid-up policy is a pension entitlement that will be paid out when you retire. It may also include disability pension, spouse and child pension. If you are going to be disabled or die, the dependents` pension cover will be eligible for payment.

The pension assignment from TPK will be sent to you by Digipost at the end of each calendar year. If you have not established a Digipost account, you will receive the document as a regular mail.

Here you can create an account in Digipost

In addition, you will receive a statement by Digipost in June each year on the paid-up policy you have in TPK.

If you have questions about your pension rights in TPK, you can send an e-mail to pensjonskasse@telenor.com.