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Statistics on

Occupational pensions

The statistics show all pension benefits outside the National Insurance Scheme. What is included in the statistics is public service pensions that are defined benefit and private occupational pensions that can be both defined benefit and defined contribution.

Updated: 3 July 2025
Next update: Not yet determined

Selected figures from these statistics

  • Key figures. Occupational pension and individual pension. NOK Million
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    Key figures. Occupational pension and individual pension. NOK Million
    Total
    20232024
    Earned premiums196 832190 890
    Pension payments102 515111 105
    Pension liabilities2 648 5752 871 410
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    Explanation of symbols
    Source
    StatBank source table 09746
  • Occupational pension and individual pension
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    Occupational pension and individual pension1
    20202021202220232024
    Occupational pension
    Earned premiums119 025149 593156 076196 832190 890
    Defined benefit schemes84 967108 764111 776146 777134 137
    Public pension schemes72 48494 38896 841130 017117 458
    Life insurance companies38 44258 49559 78282 75070 994
    Pension funds9 79114 56214 78819 76217 494
    The Norwegian Public Service Pension Fund2 24 25121 33122 27127 50528 970
    Private pension schemes12 48314 37614 93516 76016 678
    Life insurance companies8 2508 8378 4179 8579 858
    Pension funds4 2335 5396 5186 9036 821
    Defined contribution schemes34 05840 82944 30050 05556 754
    Private pension schemes34 05840 82944 30050 05556 754
    Life insurance companies34 05840 82944 30050 05556 754
    Pension payments83 93988 90695 810102 515111 105
    Defined benefit schemes81 20885 76391 35998 528104 456
    Public pension schemes59 21462 94767 55173 37877 426
    Life insurance companies24 08925 76127 98530 68732 746
    Pension funds5 5675 9536 4396 9967 520
    The Norwegian Public Service Pension Fund29 55831 23333 12735 69537 160
    Private pension schemes21 99422 81623 80825 15027 030
    Life insurance companies16 90417 59218 29519 38720 825
    Pension funds5 0905 2245 5135 7646 205
    Defined contribution schemes2 7313 1434 4513 9866 649
    Private pension schemes2 7313 1434 4513 9866 649
    Life insurance companies2 7313 1434 4513 9866 649
    Pension liabilities3 2 129 0092 292 9682 379 5052 648 5752 871 410
    Defined benefit schemes1 773 9981 861 6911 953 2762 126 2612 230 325
    Public pension schemes1 239 0341 316 3871 404 9861 567 1251 660 239
    Life insurance companies526 967567 622610 001675 032726 010
    Pension funds136 493147 865157 686173 893186 729
    The Norwegian Public Service Pension Fund575 574600 900637 300718 200747 500
    Private pension schemes534 964545 304548 290559 136570 086
    Life insurance companies388 632396 264395 239402 490408 127
    Pension funds146 332149 040153 051156 647161 959
    Defined contribution schemes355 011431 277426 229522 314641 085
    Private pension schemes355 011431 277426 229522 314641 085
    Life insurance companies355 011431 277426 229522 314641 085
    Banks4 00000
    Individual pension
    Earned premiums
    All pension providers3 4483 7313 2083 3153 518
    Life insurance companies3 4483 7313 2083 3153 518
    Banks00000
    Pension payments
    All pension providers6 1546 0655 8025 8365 638
    Life insurance companies6 1546 0655 8025 8365 638
    Banks00000
    Pension liabilities
    All pension providers72 25674 32571 09573 75077 117
    Life insurance companies71 80773 89470 68373 36076 757
    Banks449431413390360
    1In life insurance companies, pension funds Norwegian Public Service Pension Fund and banks (only entitlements). Do not include defined contribution schemes in mutual funds management companies.
    2Includes 65 per cent of total earned premiums from the Norwegian Public Service Pension Fund.
    3Includes the life insurance companies obligations related to insurance pensions and the pension funds premium reserves.
    4From 2015 there is no distinguish between individual pensions and defined contribution pensions in employment under pension liabilities of banks.
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    Explanation of symbols
    Source
    StatBank source table 08414
    StatBank source table 09746
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About the statistics

The information under «About the statistics» was last updated 22 March 2021.

Public occupational pensions:

Government occupational pensions provide a so-called gross pension benefit.
This means that the benefits from the pension scheme are coordinated with
the benefits from the National Insurance Scheme that are paid at retirement age.
The total pension payment will be at least 66 per cent of the pension base -
regardless of the level of benefits from the National Insurance Scheme.
The agreement is subject to a collective agreement. Gross pension schemes are always defined benefit.

Private occupational pensions:

The scheme is based on a net pension benefit: This means that the benefits from the private pension scheme provide a supplementary pension to the National Insurance Scheme. There is thus no coordination between Folketrygden's benefits and the occupational pension. The net pension scheme does not ensure total payments in the same way as the gross scheme: If the benefit from Folketrygden decreases, the total pension payments will decrease correspondingly. Net pension schemes can be defined benefit or defined contribution. For defined benefit plans, the pension is normally determined as a given share of final salary, either as a gross level including National Insurance or as a net supplement to the National Insurance Scheme. Defined contribution pension is a pension scheme where the employer pays an annual agreed contribution, normally as a percentage of salary.

Not relevant

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