Reduced pensions for future MPs in Norway

Stortinget in Oslo.

The present “golden” pension scheme for the nation’s Members of Parliament will this fall be replaced by a pension plan more in line with the ordinary national pension scheme for most of us. 

A working group which has evaluated the present pension plan for Norwegian MPs, has proposed that the new scheme should follow the National Pension Plan: Future MPs will no longer receive full pension after only 12 years in office, but only after having served at least 30 years.

Neither will they be guaranteed a pension of at least 66 per cent of their MP salary. They will, however, be eligible for a three month salary after the termination of their service.  Today’s MPs will to a large degree retain the pension rights of the present scheme.

Source: NRK / Norway Post