By Rachel Fixsen2020-12-14T16:08:00+00:00
The Norwegian government has opened a public consultation on the long-held plan to broaden mandatory occupational pension coverage by removing the lower earnings threshold at which employers make contributions, but worker and employer representations are in sharp disagreement over the terms.
The Ministry of Finance published the report it received from the working group convened to come up with a plan on savings “from the first krone” in defined contribution mandatory occupational pension (obligatorisk tjenestepensjon, OTP) schemes.
The group, which included employer and employee representatives, also looked at whether employees under 20 and part-timers on less than 20% time should be entitled to membership in all types of occupational pension schemes.