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/en/bank-og-finansmarked/statistikker/tjenestepensj/aar
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statistikk
2020-08-13T08:00:00.000Z
Banking and financial markets
en
tjenestepensj, Occupational pensions, pension schemes, pensions, pension payments, pension liabilities, defined contribution schemes, defined benefit schemes, individual pensionsFinancial institutions and other financial corporations, Banking and financial markets
true

Occupational pensions

Updated

Next update

Not yet determined

Key figures

2 133

NOK billion in pension liabilities, 2019

Key figures. Occupational pension and individual pension. NOK MillionPublished 13 August 2020
Total
20182019
Earned premiums119 355127 074
Pension payments75 72580 459
Pension liabilities1 991 2142 133 282

Source: Statistics Norway

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Table 1 
Occupational pension and individual pension

Occupational pension and individual pension1
20152016201720182019
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.
3From 2015 there is no distinguish between individual pensions and defined contribution pensions in employment under pension liabilities of banks.
Occupational pension
Earned premiums100 395102 096107 251119 355127 074
Defined benefit schemes79 97878 89780 46490 38494 786
Public pension schemes56 45760 76265 29775 40779 458
Life insurance companies34 10837 75236 33043 67945 540
Pension funds7 4498 5788 2279 14810 145
The Norwegian Public Service Pension Fund214 90014 43220 74022 58023 773
Private pension schemes23 52118 13515 16714 97715 328
Life insurance companies15 57911 9089 4288 9158 852
Pension funds7 9426 2275 7396 0626 476
Defined contribution schemes20 41723 19926 78728 97132 288
Private pension schemes20 41723 19926 78728 97132 288
Life insurance companies20 41723 19926 78728 97132 288
 
Pension payments65 40568 33571 72775 72580 459
Defined benefit schemes64 42167 16869 90474 08178 192
Public pension schemes46 49348 19750 19152 93956 365
Life insurance companies18 07718 98919 94021 25722 936
Pension funds3 5073 6793 8654 1304 385
The Norwegian Public Service Pension Fund24 90925 52926 38627 55229 044
Private pension schemes17 92818 97119 71321 14221 827
Life insurance companies13 58714 33514 74115 85816 204
Pension funds4 3414 6364 9725 2845 623
Defined contribution schemes9841 1671 8231 6442 267
Private pension schemes9841 1671 8231 6442 267
Life insurance companies9841 1671 8231 6442 267
 
Pension liabilities1 682 8941 791 8151 908 8101 991 2142 133 282
Defined benefit schemes1 539 9781 617 3521 690 1041 757 5731 833 341
Public pension schemes1 034 7951 091 5501 146 2861 204 9141 269 170
Life insurance companies458 247491 559519 751551 728589 416
Pension funds91 34898 291104 053109 877117 374
The Norwegian Public Service Pension Fund485 200501 700522 482543 309562 380
Private pension schemes505 183525 802543 818552 659564 171
Life insurance companies370 958384 471395 579399 102406 073
Pension funds134 225141 331148 239153 557158 098
Defined contribution schemes142 916174 463218 706233 641299 941
Private pension schemes142 916174 463218 706233 641299 941
Life insurance companies142 916174 463218 706233 641299 941
Banks300000
 
Individual pension
Earned premiums
All pension providers2 1312 1102 8982 9563 327
Life insurance companies2 1312 1102 8982 9563 327
Banks00000
 
Pension payments
All pension providers6 8397 2906 5616 4356 283
Life insurance companies6 8397 2906 5616 4356 283
Banks00000
 
Pension liabilities
All pension providers77 51580 17781 69977 28780 714
Life insurance companies76 55579 19680 58375 52378 806
Banks9609811 1161 7641 908

Source: Statistics Norway

About the statistics

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.

Administrative information

Name and topic

Name: Occupational pensions
Topic: Banking and financial markets

Responsible division

Division for Financial Markets Statistics

Regional level

Not relevant

Frequency and timeliness

Not relevant

International reporting

Not relevant

Microdata

Not relevant

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