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by thendrill 888 days ago
The pension fund money is not real and will never be seen by the population, it is all controlled by private hedge funds.

Retirement age in Norway is 70... And there are some rumors about going to 72. Also there is talks of increasing taxes on the pensionsts... So what is the point of having a pensions fund if you are never going to retire...

2 comments

There is no retirement age in Norway. You may start drawing your pension at the age of 62 (unless you haven't contributed enough) but you are not required or even expected to retire. The 70 year limit is the one beyond which your employer can force you to leave without cause.
The pension fund money is already partly used in the government budget. Neither is it at all controlled by private hedge funds.