Law on the venture pension (the venture pension law).

Date	LO-2000--03-24-16
Ministry of	Treasury
Last modified	LO-2015 -12-04-96 from 01.01.2016
Published	In 2000 booklet 7
Istrontrecation	01.01.2001 24.03.2000
Changing	LAW-1999-03-26-14
Announcement
Card title	Predictional Predictional Law-ftpentjl.

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Capital overview :

• Part I. Inleading provisions (Section 1-1-1-1-3)
• Chapter 1. Virgo area. Definitions (Section 1-1-1-1-3)
• Part 2. Pension arrangement (Section 2-1-7-9)
• Chapter 2. Creation of pension schemes (Section 2-1-2-12)
• Chapter 3. Membership in the pension scheme (Section 3-1-3-11)
• Chapter 4. The earnings of pension (Section 4-1-415)
• Chapter 5. Age pension (Section 5-1-5-13)
• Chapter 6. Urepension pension Premier Exemption at uprehet (Section 6-1-6-7)
• Chapter 7. Pensions to Afterlatte (Section 7-1-7-9)
• Part 3. Pension Order funds (Section Section 8-1-11-5)
• Chapter 8. Almemorial rules (Section Section 8-1-8-7)
• Chapter 9. Premie. Premier Reve (Section 9-1-9-8)
• Chapter 10. Premium funds (Section 10-1-10-4)
• Chapter 11. Pension Regulation with Investment Selection (Section 11-1-11-5)
• Part 4. Concerns. Company changes. Termination (Section 12-1-16-3)
• Chapter 12. Concerns m.v. (SECTION 12-1-12-7)
• Chapter 13 Concatenation of enterprises (Section 13-1-13-7)
• Chapter 14 Sharing of enterprise m.v. (SECTION 14-1-14-3)
• Chapter 15. Termination and Discretation (Section 15-1-15 -6)
• Chapter 16 The power tree. Trangural rules. Changes in other laws (Section 16-1-16-3)

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Lovens card title added by law 10 des 2004 # 80 (ikr. 1 jan 2005 ifg. Act 21 des 2004 # 1685).

Part I. Inleading regulations

Chapter 1. Virgo area. Definitions

SECTION 1-1. Scope

(1) The law applies to enterprise pension arrangement and enterprises that have or create such pension arrangement.

(2) Pension Regulation by the law here can be created by agreement with :

a.	company that has permission from Norwegian authorities to run life insurance business here in the realm,

b.	pension case that has permission from Norwegian authorities to here in the realm to take over collective pension arrangements that are considered life insurance,

c.	company established in a different state within the EES area and as here in the realm has access to drive life insurance business,

d.	The pension box established in other state within the EES area, and which has access here in the realm to take over collective pension arrangements that are considered life insurance.

(3) The law also applies to Svalbard, jf. law on Svalbard of 17 July 1925 # 11 Section 1 other clause.

0	Modified by laws 21 des 2005 # 124 (ikr. 1 jan 2006), 10 des 2004 # 77 (ikr. 1 July 2008 ifg res. 20 June 2008 No. 633), 19 June 2009 # 48 (ikr. 21 des 2009 ifg res. 18 des 2009 # 1603), 17 des 2010 # 83 (ikr. 1 jan 2011).

Part Article SECTION 1-2. Definitions

(1) In the law means :

a.	Pension Regulation : Predictional pension arrangement as mentioned in Section 1-1 (2).

b.	Regularly : The pension insurance agreement with its terms and pension plan.

c.	Pensionals plan : The share of the rule of regulations that applies to the determining of the pension benefits.

d.	Premier Reservation : Statement to coverage of contractual obligations to the insured, including management reserve for coverage of future costs.

e.	Pensionist's surplus fund : Fond for surplus-mapped premiererve associated with pensions under payout

f.	Calculation basis : The insurance technique of the pension scheme of the pension scheme.

g.	The parliament's base amounts (G) : It at any time the current foundation amount in the census.

h.	Payroll : Taxable wage income, estimated personal income and allowance to participant for work efforts in participant resemced company.

in.	Performance based retirement pension : Alderpension that gives right to benefits determined after Section 5-2 first clause a, b or c, calculated in compliance with regulations in the regulations.

j.	Single-paid retirement pension : Alderpension equivalent of the rights as indicated in Section 5-2 other clause, calculated in compliance with regulations in the regulations.

k.	Recording reemie : Premie as the venture after the entry-to-gun plan is to pay for the individual members and as annually should be used to give the members the right to retirement age in accordance with regulations of the regulations.

l.	The entry-level remitis : Plan that specifies how the annual entry-level of the members is to be calculated.

m.	Perception Age : The age determined in the rule of regulations after Section 4-1 and indicating when the member's right to retirement age after the rule of regulations will be upearned.

(2) In the law means :

a.	Presak : Stock Company, Public Stock Company, responsible company, single-person enterprises and any other court subject that has workholder in its service.

b.	Concert : Concerns as mentioned in the Emergency Law Section 1-3 and the Public Stock Act Section 1-3, nonetheless so that the morcorporation must not be a stock company or general stock company.

c.

Members : The employer and the Workers who meet the admissions terms of the policy of the pension scheme. As a member, the age of retirement has also taken out retirement from the arrangement shortly after ending working conditions, as well as workholder who has gone unbefore while in the enterprise service and as it is paid prize or deposits for according to insurance of prize-or-entry exemption at imprehet.

d.	Children : The child of the child, herunder stepchildren and foster children.

e.	Registered partner : Partner in registered partnership where the partners have not consented to recast the partnership into marriage.

f.	Sambos : Person as the member :

1.	have joint housing and joint children with, or

2.	live with in marriage-or partnership-like relationships when it is well-made that the relationship has passed uninterrupted in the past five years before the death, and it did not place conditions that would prevent legal marriage or partnerships.

g.	Insurance : Pension Order members, their spouse, children, registered partner and roommate when they are secure or receive pension after the rule of regulations.

0

Modified by laws 21 des 2000 # 107 (ikr. 1 jan 2001 ifg. res. 21 des 2000 # 1353), 5 sep 2003 # 91 (ikr. 1 March 2004 ifg. res. 5 sep 2003 # 1118), 16 June 2006 # 30, 27 June 2008 No. 53 (ikr. 1 jan 2009 ifg res. 27 June 2008 No. 745), 17 des 2010 # 83 (ikr. 1 jan 2011). Endres by law 27 May 2016 # 14 (ikr. 1 jan 2017 ifg. res. 27 May 2016 # 531).

Part Article SECTION 1-3. Prescription

(1) The king may determine closer rules to padding and review of the provisions of the Act here.

Part Article

Part 2. Pension arrangement

Chapter 2. Creation of pension arrangements

I. Pension Regulation with venture pension

0	The headline added by law 15 June 2001 # 41 (ikr. 1 July 2001 ifg Act 29 June 2001 No. 742).

SECTION 2-1. Adability to create pension arrangement

(1) An enterprise can create pension arrangement in accordance with the rules of the law here to ensure workers in the enterprise and other insured pension charges in addition to the benefits that at any time be paid in accordance with the law of Medicaid. The Regulations of the pension scheme shall in its entirety be in accordance with the provisions of the Act here with its regulations.

(2) The pension arrangement shall provide the right to retirement pension designed either as performance-based retirement pension or as one-time paid retirement. The company is supposed to draw insurance that provides the right to prize-or-entry exemption by disability in accordance with the disability of the rules in Section 6-6.

(3) The pension arrangement can in addition to retirement pension grant rights to unbirth pension after the service law of members who completely or partially lose income ability. The pension arrangement can also give the right to retirement to left children, spouse, registered partner and roommate. It can be created special pension arrangement for the right of the unbirth pension after the service law and special pension arrangement for the right to pensions to post-latte after chapter 7 of the law here.

0	Modified by laws 21 des 2000 # 107 (ikr. 1 jan 2001 ifg. res. 21 des 2000 # 1353), 17 des 2010 # 83 (ikr. 1 jan 2011), 4 des 2015 # 96 (ikr. 1 jan 2016 ifg. res. 4 des 2015 # 1399).

Part Article SECTION 2-2. Minimum requirements for enterprise pension arrangements

(1) An enterprise can create pension arrangement in accordance with the law here if the enterprise has :

a.	at least two people in the enterprise that both have a working hours and wages that make up 75 percent or more of full position,

b.	at least one working holder with no ownership interest in the enterprise that has a working time and salary in the enterprise that constitutes 75 percent or more of full position, or

c.	people in the enterprise that each have a working time and salary that make up 20 percent or more of full position, and as to together perform work corresponding to at least two years of work.

(2) Pension Regulation can also be created in pension case that is in accordance with regulations granted in or in co-compliance of the insurance business law. Should the pension aid have less than 50 members, the ordinance for the pension funds shall contain shonest regulations on reinsurance of insurance risks and limitation of risk related to capital management so that the member's right to retirement is reassuring secure. The SEC is determining closer rules about this.

(3) If the enterprise at the expiration of a calendar year does not meet the terms of the first clause, and the enterprise also did not during a calendar year again meet the terms, the pension arrangement shall cease and deviate by the rules of Chapter 15. Pension Regulation in pension case that for a period of six months does not meet the terms of other clause, shall cease and deviate by the rules of Chapter 15 or relaunkled as pension insurance in accordance with the first clause.

0

Modified by laws 21 des 2005 # 124 (ikr. 1 jan 2006), 10 June 2005 # 44 (ikr. 1 July 2006 ifg res. 30 June 2006 # 776), 19 June 2009 # 48 (ikr. 1 July 2009 ifg res. 19 June 2009 # 693), 19 June 2009 # 48 (ikr. 21 des 2009 ifg res. 18 des 2009 # 1603), 4 des 2015 # 96 (ikr. 1 jan 2016 ifg. res. 4 des 2015 # 1399).

Part Article SECTION 2-3. Retirement Plan

(1) It shall be determined a retirement plan that specifies the terms of and extent of the pension benefits. Has the pension arrangement one-time paid retirement plan, the pension plan will also include a shootout plan in accordance with Section 5-2 fourth joints.

(2) Ys upearned after the pension plan shall be guaranteed by insurers for as far as no other follows by the rules of collective investment choices in Section 11-1 a or investment choice for the individual member in Section 11-2. For freepolise associated own investment portfolio applies to the rules in Section 4-7 a and 4-7 b.

(3) The pension plan shall apply to all Workers and other insured as being retaken by the pension arrangement, unless otherwise follows by the law here with its regulation.

0	Modified by laws 21 des 2000 # 107 (ikr. 1 jan 2001 ifg. res. 21 des 2000 # 1353), 15 June 2001 # 40 (ikr. 15 June 2001 ifg res. 15 June 2001 No. 653), 17 des 2010 # 83 (ikr. 1 jan 2011), 14 des 2012 No. 1 84 (ikr. 1 sep 2014 ifg. pass 2 July 2014 # 932).

Part Article SECTION 2-4. Governance Group

(1) The charge that has pension arrangement involving 15 or more members or has pension arrangement with collective investment choice after Section 11-1 a, shall create a management team for the pension arrangement of at least three people. At least one of the persons is to be chosen by and among the members.

(2) The management team shall comment on matters concerning the management and the practice of the pension arrangement. The rule of the rule shall be processed by the management team before it passes or changes.

0	Modified by laws 21 des 2000 # 107 (ikr. 1 jan 2001 ifg. res. 21 des 2000 # 1353), 15 June 2001 # 40 (ikr. 15 June 2001 ifg res. 15 June 2001 No. 653).

Part Article SECTION 2-5. Life insurance company duties

(1) A life insurance company can only draw "Consumer pension arrangement with tax benefit" when the insurance agreement and pension arrangement is in accordance with the law here with its regulations.

(2) The Life Insurance Company shall note that the enterprise empower in written statement that the enterprise has not created or has been attributed to other pension arrangement. Overbed can happen when using electronic communications if it is taken advantage of a reassuring method that authenticates the sender and ensures the claim of the collar. If the enterprise has other pension arrangement, insurers must impose that all pension arrangements seen in context, are in accordance with the law here with its regulations.

(3) The provisions of the first and other clause apply as far as they fit for pension bags.

0	Modified by laws 21 des 2000 # 107 (ikr. 1 jan 2001 ifg. res. 21 des 2000 # 1353), 21 des 2001 # 117 (ikr. 1 jan 2002 ifg. res. 21 des 2001 # 1475).

Part Article SECTION 2-6. Liking conditions

(1) It shall advance of the Regulations of the pension scheme, premiums and messages to the league authorities that the documents apply to the enterprise pension arrangement by the law here.

(2) Premium receipts and messages to the ligators shall contain specified information on the payments that the enterprise has made of this year's prize, supplements to prize funds and supplements to the retirement fund.

(3) The year's prize is paid by transfer from the prize fund, this shall be specified in particular. Corresponding applies to the return of prize-fund funds to the enterprise.

(4) The insurance company, the pension and enterprise company is responsible for the information mentioned in this determination are correct. The same is true of institution that manage prize funds.

0	Endres by law 27 May 2016 # 14 (ikr. 1 jan 2017 ifg. res. 27 May 2016 # 531).

Part Article SECTION 2-7. Access

(1) The SEC leads supervision of enterprise pension arrangements.

(2) Finds the SEC that a pension arrangement is or is managed in violation of law or regulation, the SEC may impose insurers or pension funds to correct the relationship within a set deadline.

(3) Finds the SEC that a calculation or distribution of funds has been made in violation of current rules, the SEC may require that the calculation or dispatch change within a determined deadline.

(4) If due term granted in co-and third clause is not overheld, the SEC can provide further guidelines for the business, remention new rule or guidance group for the pension arrangement, or decide that the pension arrangement should cease and devicles after the provisions of Chapter 15.

(5) Determines the SEC that the pension arrangement shall cease, shall the Board of Directorate to the Tax Directorate of the Tax Directorate.

0	Modified by law 19 June 2009 # 48 (ikr. 21 des 2009 ifg res. 18 des 2009 # 1603).

Part Article SECTION 2-8. Information to the working staffs

(1) The company of the company shall provide the working makers a written overview of the policy work of the pension scheme. It shall be placed emphasis on giving the working-makers a good image of the rights of members, the premiums and what age pension these can be expected to give. Corresponding applies to information about insurance that will provide unbirth benefits or benefits to the afterlatte.

(2) The company of the company shall provide the work-makers in writing on changes to the rules of the rule of importance. Claims for confessions in or in co-compliance of the law here is not an obstacle to the use of electronic communications. Information that has meaning for employee pension rights can still be given only by the use of electronic communications if the individual working holder has given expressly consent to this.

(3) The king can determine rules about what information is to be provided from institution or enterprise in association with the arrangement.

0	Added by law 21 des 2000 # 107 (ikr. 1 jan 2001 ifg. res. 21 des 2000 # 1353), modified by law 21 des 2001 # 117 (ikr. 1 jan 2002 ifg. res. 21 des 2001 # 1475).

Part Article

II. Parallel pension arrangements

0	The headline added by law 15 June 2001 # 41 (ikr. 1 July 2001 ifg Act 29 June 2001 No. 742).

SECTION 2-9. Adtime to have parallel pension arrangements

(1) An enterprise with pension arrangement by the law here can simultaneously have a retirement plan after the entry-gun law and pension arrangement following the service law (parallel pension schemes). An enterprise may also have two pension arrangements by the law here if one has performance based and the second one-time paid retirement pension.

(2) For an enterprise that after the first clause has several pension arrangements, the following applies :

a)	no working holder can at the same time be a member of more than one of the moderations,

b)	The rules of the wording should be designed so that the retirement age of the pension system stands in a reasonable relationship with each other and so that unreasonable difference processing groups of workers are avoided,

c)	the right to benefits of disability and to post-latte should be designed in the same way in the words of the word.

(3) The provisions of other clauses apply to the equivalent of the rule of regulations for one or more of the pension deductions.

0	Added by law 15 June 2001 # 41 (ikr. 1 July 2001 ifg Act 29 June 2001 No. 742), modified by laws 17 des 2010 # 83 (ikr. 1 jan 2011), 13 des 2013 # 106 (ikr. 1 jan 2014 ifg. res. 13 des 2013 # 1444).

Part Article SECTION 2-10. Workers ' selection of the

(1) When an enterprise creates parallel arrangements, each working holder shall have the right to choose which pension arrangement should be a member of ; it can still be determined in the regulations that labor organizations have members employed in The enterprise can choose the arrangement of its members. It shall be determined in the regulations which arrangement work holder that does not make any selection after the first period should be a member of.

(2) The provisions of the first clause shall apply to the equivalent of the work holder employed in the enterprise.

(3) A working holder cannot be chosen to be a member of a pension arrangement if the rules of membership applicable to the arrangement are to the obstacle of the employee of the employee of the employee.

0	Added by law 15 June 2001 # 41 (ikr. 1 July 2001 ifg Act 29 June 2001 No. 742).

Part Article SECTION 2-11. Membership of membership

(1) The Regulations shall contain regulations on which cases a working holder can move their membership to one of the other pension orders.

(2) A work holder shall in all case have the right to move membership by significantly changing the entry-or performance plan or by the rule of regulations, if the change is of significance for future rights in the arrangement.

(3) By movement of membership, the provisions apply to the termination of membership accordingly. The limit of 12 months in Section 4-6 other clauses applies to overall membership in the two moderations.

0	Added by law 15 June 2001 # 41 (ikr. 1 July 2001 ifg Act 29 June 2001 No. 742), modified by law 13 des 2013 # 106 (ikr. 1 jan 2014 ifg. res. 13 des 2013 # 1444).

Part Article

LII. Combined pension arrangements

0	The headline added by law 7 June 2002 # 17 (ikr. 1 des 2003 ifg Act 3 nov 2003 # 1293).

SECTION 2-12. Adtime to have combined pension arrangements

(1) An enterprise that has arrangement with performance-based retirement after the law here can supplement this with a retirement plan after the entry-gun law, a retirement plan after the service law or a retirement plan with one-time paid retirement by the law here (combined pension arrangements).

(2) For combined pension arrangements by the first clause, the following :

a)	All employees who are retaken by the Regulations of the Regulations of the pension scheme with performance-based retirement, shall be a member of both pension orders,

b)	The acquisition, the service version, or the one-time paid retirement pension shall constitute an amendment to the performance of the performance-based retirement arrangement,

c)	Regulations of the pension orders shall be designed with aim at the difference between workers avoided as far as it is possible when it comes to overall pension sets in relation to wages and service time in the enterprise,

d)	an enterprise cannot simultaneously have combined pension schemes and parallel pension arrangements by Section 2-9, the service law Section 2-10 or the shooting law Section 2-10.

(3) The king can determine further rules about the design of combined pension schemes. It can be determined that the deposits in which some years to the fuse of the acquisition or one-time paid age pension should not exceed a set percentage of wages in relation to the pension level in the performance-based pension arrangement.

(4) If the pension word management reserve is not sufficient to cover the costs associated with the issuance of freepolicy by the creation of combined pension arrangements after the paragrafen here, the remaining costs shall first be covered by funds in the prize fund and then by inpayment from the enterprise if the funds in premiums are insufficient.

(5) The company of the company can draw the unbirth pension either in association with the performance-based pension arrangement or in association with both pension orders in the combined arrangement. The combined combined arrangement shall be added due to determining the impension of the unbirth pension size after the Section 6-3 first clause. If the unbirth pension is drawn solely in association with the enterprises's performance-based pension arrangement, it shall be determined in the regulations that it should be associated with the unbirth pension that is determined on the basis of the size of the performance-based The retirement pension.

(6) Insurance of the right to prize-or-entry exemption by indutness following the rules in Section 6-6 shall be associated with both pension orders.

(7) The company of the company can draw pension benefits to the post-latte either in association with the performance-based pension arrangement or in association with both pension orders in the combined arrangement. The overall combined arrangement can be added due to determining the aftermath of the post-chapter size after Chapter 7. If the post-latterpension pension is drawn solely in association with the enterprise performance-based pension arrangement, it can be determined in the regulations that it should be used to the post-lateral pension that is determined on the basis of the size of the performance-based The retirement pension. The Deposit Act Section 7-4 The clause applies to the equivalent of combined pension arrangements if left spouse, registered partner or roommate is awarded retirement after the rules of the entry-level Act Section 7-4 third clause.

(8) The provisions of other clause still do not apply to the pension arrangement of workers who are retaken by the venture pension law Section 3-10 other clauses.

0	Added by law 7 June 2002 # 17 (ikr. 1 des 2003 ifg Act 3 nov 2003 # 1293) that changed by law 13 des 2002 number 75, changed at laws 17 des 2010 # 83 (ikr. 1 jan 2011), 13 des 2013 # 106 (ikr. 1 jan 2014 ifg. res. 13 des 2013 # 1444).

Part Article

Chapter 3. Membership of the pension scheme

SECTION 3-1. Reguregulations of the Rules

(1) The Regulations shall contain regulations on membership and recording of members.

(2) In the regulations, exceptions can be made exceptions or determined special conditions for the shonest groups of workers for as far as regulations are in accordance with the law here with its regulations.

Part Article SECTION 3-2. Almemorial rules about membership

(1) Workers in the enterprise can be recorded in its retirement plan.

(2) The pension arrangement can also include the employer and other person who must be considered the holder of the enterprise. The provisions of Section 3-5 apply accordingly. The SEC can give closer rules about what people are going to be retaken by this clause.

(3) People who are not obliged member of the Medicaid with membership that include earnings of pension rights cannot be a member of the pension arrangement with less otherwise following the regulation determined by the King.

0	Modified by laws 21 des 2000 # 107 (ikr. 1 jan 2001 ifg. res. 21 des 2000 # 1353), 19 June 2009 # 48 (ikr. 21 des 2009 ifg res. 18 des 2009 # 1603).

Part Article

I. Right and duty of membership

SECTION 3-3. Who should be a member

(1) The pension arrangement shall include all Workers in the enterprise that have filled 20 years, unless otherwise determined in the law here or in regulations determined by the King. It can be determined lower age in the regulations.

(2) A working holder shall be a member even if it currently does not raise the right to retirement in addition to the performance of the benefits of the state of Medicaid.

(3) Workers who are members of a different pension arrangement that the enterprise pays premium or tax to and that provide benefits of at least equivalent value should not be members of the pension arrangement, unless otherwise determined in the regulations.

0	Modified by law 21 des 2000 # 107 (ikr. 1 jan 2001 ifg. res. 21 des 2000 # 1353).

Part Article SECTION 3-4. New Workers

(1) A working holder that is placed by the enterprise and that fills the terms of membership of the pension arrangement, is taken as a member from the first working day of the enterprise.

(2) The Insurance Act Chapter 6 applies when moving to the pension scheme of premierve and other funds related to free-policy pension benefits.

0	Modified by laws 10 June 2005 # 44 (ikr. 1 July 2006 ifg res. 30 June 2006 # 776), 4 des 2015 # 96 (ikr. 1 jan 2016 ifg. res. 4 des 2015 # 1399).

Part Article SECTION 3-5. Workers in part-time position

(1) Working holder that has less than a fifth of full position in the enterprise shall not be a member of the pension arrangement, unless otherwise determined in the regulations.

(2) The earned pension for work holder in part-time position shall constitute a relationship-wise part of the pension that would be upearned if the employee had a full-time position.

Part Article SECTION 3-6. Season workers

(1) Working holder that is seasonal worker and as during a calendar year performs work in the enterprise corresponding to less than one-fifth of the corresponding full-time position shall not be a member of the pension arrangement, unless otherwise determined in the regulations.

(2) In the regulations, it can be determined that a seasonal worker should only be appointed as a member if the work done in the past three years, for each year at least constitutes a fifth of full-time position.

Part Article SECTION 3-7. Workers with leave

(1) Working holder that has a leave of absence for a set time period and that is predicted to resume work in the enterprise after ended leave shall be a member of the pension arrangement in permission time.

(2) The provisions of the first clause may leave the absence of leave in accordance with agreement that it in the regulations is determined :

a.	-Honest rules about the uptake of retirement while permission lasts, or

b.	that the membership should cease from permission time.

The same applies to leave of absence in accordance with law if the employee is a member of a different pension arrangement in permission time.

(3) The rule of regulations can determine that Workers who are permitted as a result of operating-level of the operating system will be members of the pension scheme.

0	Modified by law 15 June 2007 # 28 (ikr. 1 July 2007 ifg res. 15 June 2007 # 652).

Part Article SECTION 3-8. Workers who are not working

(1) Workers who are not working before at the time the employment holder should be appointed as a member shall first become a member of the pension arrangement when the worker starts to work in the position, unless otherwise determined in the regulations.

Part Article

II. Older and retired Workers

SECTION 3-9. Older Workers

(1) A working holder shall be taken up as a member of the pension arrangement following the provisions of Section 3-3 to 3-8 although the employment holder at employment has less than 10 years left to the earnings age after Section 4-1.

(2) In the regulations, it can for such Workers or for specific groups of such Workers nonetheless be determined that those who have less than a set number of years left to the earnings age after Section 4-1 should not be taken up as members or only shall be taken on particularly separate terms. Workers who are not appointed as members of the venture pension plan shall be secured retirement at one-time paid retirement or after the entry-gun law.

(3) The provisions of the regulations on the co-bill of previous service time shall not apply to workers who have less than 10 years left to the earnings age after Section 4-1 when they are taken, unless otherwise determined in the regulations.

(4) The provisions of other and third clauses do not apply to the one-time paid retirement age.

0	Modified by laws 21 des 2000 # 107 (ikr. 1 jan 2001 ifg. res. 21 des 2000 # 1353), 17 des 2010 # 83 (ikr. 1 jan 2011).

Part Article SECTION 3-10. Workers who have reached the earnings age

(1) Workers who are employed in the position of the enterprise after reaching the earnings age after Section 4-1 do not have the right to become a member of the pension arrangement with performance-based retirement.

(2) Such workers shall be secured retirement pension at one-time paid retirement or after the entry-level legislation, unless they are taken up as a member on the honest terms.

0	Modified by law 17 des 2010 # 83 (ikr. 1 jan 2011, see its VII about transition rules).

Part Article SECTION 3-11. Workers who take out age pension

(1) Working holder as after withdrawals of retirement from the pension arrangement still has full-time or part-time position in the enterprise, claims that annual prize is paid to the pension arrangement until the employee reach the earnings age after Section 4-1.

(2) After the employment holder has reached the earnings age, the rules regarding the uptake of the right to retirement in Section 4-5.

0	Modified by laws 21 des 2000 # 107 (ikr. 1 jan 2001 ifg. res. 21 des 2000 # 1353), 17 des 2010 # 83 (ikr. 1 jan 2011).

Part Article

Chapter 4. The earnings of pension

I. Almemorial rules

SECTION 4-1. Service age

(1) In the rule of the pension scheme, it shall be added that the rights of retirement age as the members are enlisting in compliance with the regulations, will be upearned when the members fill 67 years (the uptake age). The earnings age can be set higher than 67 years.

(2) In the rule of pension arrangement with performance-based retirement, it shall be added that the right to full retirement pension will be appointed by members who at the reach of the earnings age have a pension rewarding service time that meets the minimum requirement of service time determined after Section 4-3 first clause.

(3) The king may determine lower earnings of age than 67 years for positions as :

a)	involves unusual physical or mental stress for the employees, or

b)	requires that employees have shonest physical or mental health properties for the work to be satisfactory conducted in the defensible manner.

0	Modified by law 17 des 2010 # 83 (ikr. 1 jan 2011).

Part Article SECTION 4-2. Deserved pension

(1) The earned performance-based retirement pension for a member shall at any time constitute such a great deal of full retirement pension for the member, according to the pension plan, which the member's retirement service from the member is concerned with the pension arrangement and of the calculation time constitutes relative to the service time of reaching the earnings age required for the right to full pension (linear uptake). The pension rewarding service time required for a member to be entitled to full retirement age, is calculated for the individual member and constitutes the time from the member is concerned with the pension arrangement and and to the member will reach the earnings age that is determined in the regulations, nonetheless so that in all case, a service time of reaching earnings is required at least the requirement of the service time determined in the rule of regulations after Section 4-3 first clause.

(2) Has the pension arrangement one-time paid retirement pension, shall be earned retirement at any time the sum of the rights to retirement as the member has acquired in accordance with the regulations and calculation basis of the pension arrangement. Acature in addition to funds attributed to the calculation basis should each year be used as one-time premiings for the raising of the upearned pension. Prevaltes funds related to retirement pension with collective investment choice after Section 11-1 a or with investment choice for the individual member after Section 11-2, will be earned retirement nonetheless not exceed it straight to retirement as following the calculation basis of The pension scheme contraster the prize-serving member has been appointed at all times.

0	Modified by laws 21 des 2000 # 107 (ikr. 1 jan 2001 ifg. res. 21 des 2000 # 1353), modified paragrafnumber from Section 4-3, 15 June 2001 No. 40 (ikr. 15 June 2001 ifg res. 15 June 2001 No. 653), 17 des 2010 # 83 (ikr. 1 jan 2011).

Part Article

II. Performance based pension

0	The headline added by law 21 des 2000 # 107 (ikr. 1 jan 2001 ifg. res. 21 des 2000 # 1353).

SECTION 4-3. Service time requirement

(1) In the regulations, a service time in the enterprise shall be required at least 30 years at the earnings age determined after Section 4-1, but not more than 40 years, to have the right to full pension charges.

(2) The service time is counted from the first work day of the enterprise. It shall be seen away from service time before the creation of the pension arrangement when nothing else is determined in the rule of regulations.

(3) In calculating the post-lateral pension and of the unbirth pension, serving time is currently being made until the time the member would have reached the earnings age.

0	Modified by laws 21 des 2000 # 107 (ikr. 1 jan 2001 ifg. res. 21 des 2000 # 1353), modified paragrafnumber from Section 4-2, 17 des 2010 # 83 (ikr. 1 jan 2011).

Part Article SECTION 4-4. Change of position in the enterprise

(1) If a working holder before determined earnings age goes over from full-time position to part-time position, pension benefits will be made as a result of service time after Change Time constitutes a relationship-wise part of the pension that would be upearned in the full position. Has a work holder at the reach of earnings an overall service time in the same venture of more than the requirement of service time after Section 4-3 first clause, it can be seen away from service time out over the determined minimum number of years is in part-time position.

(2) If the salary of a work holder is set down as a result of the shift of position or other change of the work tasks, the following from and with change time :

a.	pension plan is to be calculated from the new salary. In the regulations, it can still be determined that higher wages should be added due to the shift of position that entails wage reduction occurs within the last 10 years prior to the reach of the earnings call,

b.	The service time before the change time should be co-count on the calculation of the pension, and

c.	it shall be issued free policy following the rules in Section 4-7 to 4-9 that secures the employee's right to the share of the upearned pension at the time of retirement that would be upearned if the salary of letter a be added. the calculation.

(3) If a work holder changes the position in the enterprise and this leads to the change of the earnings age, the pension shall be calculated in particular for the service time the employee has in each of the positions. In the regulations, it can still be determined that the upearned pension should be calculated from overall service time in the enterprise and the earnings age in the new position.

0	Modified by laws 21 des 2000 # 107 (ikr. 1 jan 2001 ifg. res. 21 des 2000 # 1353), 17 des 2010 # 83 (ikr. 1 jan 2011).

Part Article SECTION 4-5. Member who has reached the earnings age

(1) The earnings of performance-based enterprise suspension cease when workers have turned 75 years.

(2) Member that at the reach of the earnings age has not earned full pension after Section 4-2 first clauses, and still have position in the enterprise, will be accepted subsequent service time. By the calculation of pension earnings after reaching earnings, it shall be seen away from changes in wages and calculated census for the member after reaching earnings. By the way, the provisions of the Section 4-4 equivalent are applicable.

(3) For member who has earned the right to full pension, and who still have position in the enterprise, Section 3-10 other clauses apply accordingly.

0	Modified by laws 21 des 2000 # 107 (ikr. 1 jan 2001 ifg. res. 21 des 2000 # 1353), 17 des 2010 # 83 (ikr. 1 jan 2011).

Part Article

LII. Termination of membership. Fripolise

0	Modified by law 21 des 2000 # 107 (ikr. 1 jan 2001 ifg. res. 21 des 2000 # 1353), changed the paragraph number from II.

SECTION 4-6. Termination of Membership

(1) A member who ends in the enterprise without the same time taking out age pension from the arrangement ends at the freatreate to be a member of the pension scheme.

(2) The member retains its right to the earned pension and related premierve at the freatrecation, as well as a relationship-wise share of the pension's accessory statements. This still does not apply if the service time of the fratreate is shorter than 12 months.

(3) The Premier reserve can not be paid to the member.

0	Modified by law 17 des 2010 # 83 (ikr. 1 jan 2011).

Part Article SECTION 4-7. Right to Fripolise

(1) When a member ends in the enterprise with the right to upearned retirement, the pension plan shall ensure that it issued free policy that ensures the member's right to the earned pension and related premieres and a relationship-wise share of additional defunces. Corresponding applies to member of the arrangement after Section 11-2 ending with the right to immediately beginning retirement pension. Is appointed premierve associated with retirement age less than 50 percent of the Medicaid basis, the member still has only the right that premierage and a relationship-wise share of accessory statements is transferred to other enterprises. or individual pension deal after law 27. June 2008 No. 62 about individual retirement plan

(2) Fripolise in accordance with venture pension insurance shall be issued by the life insurance company that has drawn the insurance. Is the pension arrangement in a retirement box, issued free policy by the rules of Section 4-8. Fripolise can be issued electronically if the employee expressly accepts this.

0	Modified by laws 21 des 2000 # 107 (ikr. 1 jan 2001 ifg. res. 21 des 2000 # 1353), 21 des 2001 # 117 (ikr. 1 jan 2002 ifg. res. 21 des 2001 # 1475), 27 June 2008 No. 62 (ikr. 31 des 2008), 17 des 2010 # 83 (ikr. 1 jan 2011).

Part Article Section 4-7 a. Fripolise with investment choice

(1) Upon the issuance of free policy, the free policy holder and pension plan can agreement that funds as indicated in the third period shall be managed as a separate investment portfolio mapped out policy. The deal should indicate how the portfolio is to be assembled and which access free policy holder has to change the composition. Such an agreement can only include the funds equivalent of the premierage related to age pension with its additional agreements and management reserve associated with the exemption.

(2) The Free Policy Account shall be mapped out the yield of the investment portfolio. The policy holder carries the risk that the value of the investment portfolio is reduced, if nothing else is determined in agreement with the pension device.

(3) The pension device may require the settlement of management and the management of the free policy, for the Free Policy Administration's use of the right to change the investment portfolio, as well as for any return warranty associated with the exemption. The king can give closer rules in regulation of resettlement related to the free policy and about coverage of the settlement of settlement by the stress of the free policy account.

(4) At the withdrawal of retirement age, the rules apply in Section 5-7 a to 5-7 d. Annual retirement pension is calculated with the starting point in investment portfolio value at the time of the issue. The funds related to the exemption should be transferred to average management in the collective portfolio, unless the free policy holder requires that the funds related to the exemption of the charter will still be managed as its own investment portfolio. If the charter policy is still to be managed as its own investment portfolio, annual retirement age is calculated from investment portfolio value at each payout. The king can give closer rules about the calculation and payout of annual retirement pension from the policy of the policy in regulation.

(5) Prior to the appointment of the issuance of free policy of free investment portfolio, the pension device shall be in writing the policy of the medical policy holder that :

a)	The investment portfolio mapped out policy will be steelated for the free policy holder's bill and risk,

b)	The pension system is determined from the value of the portfolio at the time of the withdrawal of pension,

c)	The pension policy of the return of the return result and the value development over time abduts unless otherwise agreed, and that

d)	The pension device has the right to no-charge as mentioned in the third clause.

For each relationship it is disclosed about after letter a to d, it shall simultaneously be disclosed in writing about what terms apply to a freepolicy that undergoes average management.

(6) The pension device has the obligation to map free-policy habitable needs and desire for risk and to disclose any relation that dictates that an agreement on the management of the free policy in a separate investment portfolio will not be in The free policy holder's interest. Prior to the agreement on issuance of freepolicy mapped out a separate investment portfolio, the pension plan shall be made in any case to provide free-policy holder advice on the composition of investment portfolio adapted among other remaining time to withdrawals of age pension and the size of the funds related to the free policy. When the charter holder has reached an age of few years left for the withdrawal of retirement, the pension device should provide advice on risk-taking action. A written composition of the information and advice that the pension device provides for the clause here shall be submitted the free policy holder. The king can give closer rules about the commitment of duty information and counselling in regulation.

0	Added by law 14 des 2012 No. 1 84 (ikr. 1 sep 2014 ifg. ordinance 27 June 2014 No. 884).

Part Article Section 4-7 b. Investment selection related to issued free policy

(1) Is it issued free policy of contractual benefits, the free policy holder and pension plan can be established that funds as indicated in the third period shall be managed as a separate investment portfolio mapped out policy. The deal should indicate how the portfolio is to be assembled and which access free policy holder has to change the composition. Such an agreement can only include the funds equivalent of the premierage related to age pension with its additional agreements and management reserve associated with the exemption.

(2) The provisions of Section 4-7 a second to the sixth clause apply to the equivalent of a freepolise issued after the paragrafen here.

0	Added by law 14 des 2012 No. 1 84 (ikr. 1 sep 2014 ifg. ordinance 27 June 2014 No. 884).

Part Article SECTION 4-8. Sary rules of pension and

(1) A pension case can be cut deal with a life insurance company as mentioned in Section 1-1 other clause about the company to issue free policy of members ending in the enterprise. A member's premierve at the freatreate should in case is calculated after the company's calculation basis.

(2) The PensionBox shall strike such agreement on the issue of issuance of free policy of members who end in the enterprise if the pension box after their permission does not have access to issue free policy.

(3) When free policy is not to be issued by a life insurance company, the exemption of the pension funds issued. The provisions of Section 4-7 first clauses apply accordingly.

0	Modified by laws 19 June 2009 # 48 (ikr. 21 des 2009 ifg res. 18 des 2009 # 1603), 17 des 2010 # 83 (ikr. 1 jan 2011).

Part Article SECTION 4-9. The insurance relationship after free policy

(1) The Fripolisen constitutes a separate legal relationship between the one who received the free policy and life insurance company or pension treasury that has issued it.

(2) Profit insurance as mentioned in the insurance agreement Act Section 19-7 should be drawn on the same terms as the exemption, nonetheless so that it can be agreements that insurance is expanded to include unbirth pension and pensions to post-latte after Chapter 6 and 7 in the law here. Annual prize for continuation insurance for one-time paid retirement may still not exceed that amount, adjusted for the development in the Medicaid basis, which was paid to the retirement pension account last year the employee was a member of The pension arrangement.

(3) The rules of withdrawal of age pension in Section 5-1, 5-7 a to 5-7 c are applicable to the equivalent of freepoliser. It is allowed to take out less than full retirement pension from freepolices following the rules of graded withdrawals in Section 5-7 b different and third clause if the pension device consent to this.

(4) The funds related to a free policy can be transferred to other life insurance companies or pension boxes by the rules of insurance law 1 Chapter 11. The midles cannot be transferred to other life insurance companies than mentioned in Section 1-1 other clause.

0	Modified by laws 21 des 2000 # 107 (ikr. 1 jan 2001 ifg. res. 21 des 2000 # 1353), 10 June 2005 # 44 (ikr. 1 July 2006 ifg res. 30 June 2006 # 776), 17 des 2010 # 83 (ikr. 1 jan 2011).
1	Law 10 June 2005 # 44. Lovens card title is now the insurance business law, see law 27 June 2008 No. 65.

Part Article SECTION 4-10. Foreign nationals

Foreign nationals who have had residence here in the realm for less than three years, and ending in the enterprise with the right to upearned retirement and who then settled abroad, could use related premiums to secure pension rights in foreign pension device that is not retaken by Section 1-1 other clause.

0	Modified by law 17 des 2010 # 83 (ikr. 1 jan 2011).

Part Article

TWELVE. Acbill of service time in other enterprise

0	Modified by law 21 des 2000 # 107 (ikr. 1 jan 2001 ifg. res. 21 des 2000 # 1353), changed the paragraph number from III.

SECTION 4-11. Adever to co-bill

(1) The Regulations may contain regulations on the co-bill of service time and earned retirement from membership in other private pension arrangement. For older Workers, Section 3-9 third clauses apply.

(2) The co-bill is to be carried out by that the employee is given an amendment in the pension rewarding service time.

(3) In the regulations of a pension scheme that has rules on co-bill, it shall be determined as terms of the co-bill that funds related to retirement earned on the basis of previous service time in other enterprises are transferred to the pension arrangement after the rules of the insurance law 1 Chapter 11. 2

0	Modified by laws 21 des 2000 # 107 (ikr. 1 jan 2001 ifg. res. 21 des 2000 # 1353), 19 des 2003 # 121 (ikr. 1 jan 2004 ifg. res. 19 des 2003 # 1767), 10 June 2005 # 44 (ikr. 1 July 2006 ifg res. 30 June 2006 # 776).
1	Law 10 June 2005 # 44. Lovens card title is now the insurance business law, see law 27 June 2008 No. 65.
2	Opph., see now Chapter 6.

Part Article SECTION 4-12. Rules for co-bill

(1) On the co-bill of service time for membership of other pension arrangement shall be equal to the service time of the prior arrangement if the premieres of the pension that are earned there are at least as large as the prize-serving would be in the new arrangement after as long-time earnings. By the calculation of the prize series in the new arrangement, they are placed benefits that apply to the employment holder at the recording in the new arrangement for reason. Is the premieres of the former arrangement less, the debit of the amendment in service time so that it responds to the transmitted premiere of premieres.

(2) The company can still be besoted that by the co-bill of service time for membership of other pension arrangement shall be equal to the service time of the prior arrangement.

0	Modified by laws 21 des 2000 # 107 (ikr. 1 jan 2001 ifg. res. 21 des 2000 # 1353), 19 des 2003 # 121 (ikr. 1 jan 2004 ifg. res. 19 des 2003 # 1767).

Part Article SECTION 4-13 Transfer of premiererve

(1) Midler exceeding the premierve as after Section 4-12 co-runs to ensure full co-bill of prior service time, herunder funds related to the right to benefits that cannot be conveyed in the pension scheme shall be secured by frepolise after Section 5-9 other clause.

Part Article

V. Fripolisation Registry m.v.

0	Modified by law 21 des 2000 # 107 (ikr. 1 jan 2001 ifg. res. 21 des 2000 # 1353), changed the paragraph number from IV.

SECTION 4-14. Registration of free policy

(1) Fripoliser issued in accordance with the rules of the law here shall be registered in the Free Policy Registry. The registry is to barely include freepoliser issued according to the prior current rules about private service policy arrangements.

(2) The King brings closer rules about the creation of the Fripolisation Registry and about the completion of the register, as well as about the advent of the registry of the registry driver. The king can also give rules on enterprises, pension insights and the insured's duty to provide information to the Fripolisation Registry.

Part Article SECTION 4-15. Concatenation of freepoliser

(1) Working holder who has several free policy issued by the same pension device may require that the rights of the policies be merged and that new frepolise is issued on the basis of the overall rights. This also applies in case of relocation as mentioned in Section 4-9 fifth clause.

(2) At the merging of freepoliser giving different rights, it shall be retaken by the retirement of retirement on the basis of premiums for retirement time at the reage of the reage. Total insurance technology cash value should be the same before and after the rebill. It cannot be added due to a lower earnings age than 67 years of less-year-old after all the frisces are lower than 67 years.

(3) The king may determine closer rules on the bill of rights after policy of proposals that combine, herunder rules concerning the merging of freepolities related to unbirth pension and post-latterments.

(4) Fripolise that provides the right to payout pension when the claim of merging is reproduced, not by merging after the paragrafen here, unless the pension device consent.

0	Modified by law 17 des 2010 # 83 (ikr. 1 jan 2011).

Part Article

Chapter 5. Aging

I. Almemorial rules

SECTION 5-1. The Court of Social Security

(1) Age pension should be cytes from the withdrawal of retirement pension after Section 5-7 a and as long as the worker lives.

(2) It can be determined in the regulations that retirement pension should cease or be set down by crowded 77 years or later, but not in any case until retirement has been paid at least for 10 years. The paying benefits period can be set down to the number of whole years that are necessary for overall annual retirement age up about Tier 30 percent of the Medicaid basis. The member and pension device can deal that life-changing benefits to the uptake benefits of the number of whole years that are necessary for overall annual retirement age up about Tier 30 percent of the Medicaid basis. By rebill after the second and third period, Section 5-6 other clause applies to different periods accordingly.

(3) For positions with the right to the withdrawal of retirement age before 62 years, it can still be determined in the regulations that the pension will only run forward to, or be set down by, filled 67 years.

(4) The king can in the shonest case make exceptions from the first and other clause.

0	Modified by laws 21 des 2000 # 107 (ikr. 1 jan 2001 ifg. res. 21 des 2000 # 1353), 17 des 2010 # 83 (ikr. 1 jan 2011), 14 des 2012 No. 1 84 (ikr. 1 jan 2013 ifg. res. 14 des 2012 No. 1 1230).

Part Article SECTION 5-2. Age pension size

(1) Performance based retirement pension can be determined to :

a.	an amount determined from salary and calculated census after Section 5-5,

b.	a specific part of the member's salary, calculated by rules indicated in the regulations,

c.	a specific amount per. member, set in relation to and not higher than the Medicaid basis.

(2) Enfar-paid retirement pension is equivalent to the sum of the pension rights as a member after the rule of regulations each year erenlisters as a result of the annual deposit of annual entry-year-added annual return.

(3) Change in salary as a result of special agreement or of the average wage development in the enterprise shall be effective from the time the change takes effect. The same applies when the pension is determined as a specific part of the Medicaid basis. At the earnings call of retirement after reaching earnings, the rules apply in Section 4-5.

(4) In pension arrangement with one-time paid retirement plan, the entry plan shall be designs in accordance with the rules granted in or in co-law on the entry-level of the entry-level chapter 5. The entry-to-gun reform plan is to indicate how large share of annual yield to be attributed to premiums and is used as one-time premiums for the pension rights. Prevalence funds related to age pension with collective investment choices after Section 11-1 a or with investment choice for the individual member after Section 11-2, annual return in its entirety shall be employed as one-time for the pension rights.

0	Modified by laws 21 des 2000 # 107 (ikr. 1 jan 2001 ifg. res. 21 des 2000 # 1353), 15 June 2001 # 40 (ikr. 15 June 2001 ifg res. 15 June 2001 No. 653), 17 des 2010 # 83 (ikr. 1 jan 2011).

Part Article

II. Performance based retirement pension

0	The headline added by law 21 des 2000 # 107 (ikr. 1 jan 2001 ifg. res. 21 des 2000 # 1353).

SECTION 5-3. Preshelf-the concept of the

(1) In the pension plan, the performance should be determined so that the relationship between the individual member's overall pension funds from the pension scheme and calculated Medicaid will be affordable from wages and service time in the enterprise. It can still be determined that all members without regard to wages should be entitled to a minimum performance of until the basis of the census in the census of the service of service time.

(2) The overall pension funds from the pension scheme and calculated Medicaid shall not constitute a greater percentage of the salary for members with higher wages than for members with lower wages.

(3) For members who are reselected by other pension arrangements that the enterprise has paid or pay premium to, benefits from such arrangements shall also be made at the calculation of the overall pension schemes.

(4) At the calculation of the performance of the census applies to the rules of Section 5-5.

0	Modified by law 17 des 2010 # 83 (ikr. 1 jan 2011).

Part Article SECTION 5-4. The calculation of wages

(1) In estimation of the pension system, as a member's salary, the salary is counted as the member receives from the enterprise.

(2) The rule of the Rule can determine that :

a.	it shall be seen away from allowance for overtime, taxable natural benefits and expense allowance or other varying or temporary additions,

b.	last year's salary, or average of the two or three last year's salary before the member starts the withdrawal of retirement, shall be added,

c.	it shall be used a normamized salary basis for one or more groups of members, unless this provides a significantly different result than if individual member's salary was added to the

d.	it is to be seen away from a share of wages after the first clause. The share should not exceed 10 percent of wages. If the regulations contain this provision, it may not contain rules by letter a.

0	Modified by law 17 des 2010 # 83 (ikr. 1 jan 2011).

Part Article SECTION 5-5. Estimated Medicaid

(1) delaying the pension plan that the pension benefits of individual members shall constitute an amount determined from wages and calculated census, the Medicaid benefits shall be calculated following the following rules :

a.	The base pension for all members is set to the base amount or three four-part of this,

b.

The additional pension is calculated for each member after the Medicaid rules on the basis of the salary that is the pension rewarding in the arrangement. If the estimated additional pension is less than the Medicaid's special amendment, the estimated additional pension shall be equal to the special amendment,

c.	subsequent changes to the Medicaid Regulatory Regulatory regulations shall be without meaning for the right to the earned pension.

(2) In the regulations, it can be determined that workers who due to age do not have the right to full pension after the census shall be given an amendment to the pension performance corresponding to the lack of additional pension after the census.

(3) Should it at determining pension performance are taken into account delay, the performance of the census is calculated on the basis of wages in full position and decreases relationship-wise in the same way by the calculation of the pension basis for part-time position.

(4) At the calculation of the performance of the census in accordance with the provisions of the first to third clause, the Regulatory Act shall be the regulation of the Medicaid Act Chapter 19 pr. 31. December 2010 is added to reason. As the Medicaid basis, nonetheless, it still is used, nonetheless, at any time the current basis amounts in the census.

0	Modified by law 17 des 2010 # 83 (ikr. 1 jan 2011).

Part Article SECTION 5-6. Shonest rules about calculation of pension performance

(1) In the regulations, it can be determined that :

a.	that by changes in wages that go out over the average wage development in the enterprise should not be taken into account of past service time,

b.	The pension basis for the past 10 years before a member reaches the earnings age, only to be regulated after the average wage development in the enterprise,

c.	groups of workers who by the rules of Chapter 3 do not have the right to membership in the pension scheme shall have lower benefits than other members.

(2) For life-size benefits, regulations can determine that pension's heat should be set down to the number of whole years necessary for annual retirement coming up at a level equivalent of team 30 percent of the census's base. Insurance technology cash value of the pension should be the same before and after the rebill.

0	Modified by laws 17 des 2010 # 83 (ikr. 1 jan 2011), 14 des 2012 No. 1 84 (ikr. 1 jan 2013 ifg. res. 14 des 2012 No. 1 1230).

Part Article SECTION 5-7. Limit of overall pension charges

(1) The pension charges shall be determined so that the overall pension funds from the pension scheme and calculated Medicaid for each member will not exceed :

a.	100 percent of the member's salary up to 6 G, and

b.	70 percent of the share of the member's salary that lies between 6 G and 12 G, and

c.	0 percent of the share of the member's salary that exceeds 12 G.

(2) For members who do not have full position in the enterprise, the limit for the overall pension charges shall constitute a relationship-wise part of the limit that would apply if the member had had full time position.

(3) In the last two years before a member will reach the earnings age and in the year this happens, the limit of member's overall pension charges after the paractment here is not calculated on the basis of higher wages than the average of the member's annual salary in these three the years.

(4) At the calculation of the performance of the census applies to the rules of Section 5-5.

0	Modified by laws 21 des 2000 # 107 (ikr. 1 jan 2001 ifg. res. 21 des 2000 # 1353), 17 des 2010 # 83 (ikr. 1 jan 2011).

Part Article

II a. Expedition of retirement age mv.

0	The incision added by law 17 des 2010 # 83 (ikr. 1 jan 2011, see its VII about transition rules).

Section 5-7 a. Age of withdrawal of retirement pension

(1) A working holder can at the earliest take out retirement retirement at the age of 62. The king can determine rules about the withdrawal of retirement pension before filled 62 years for positions as :

a.	involves unusual physical or mental stress for the employees, or

b.	requires that employees have shonest physical or mental health properties for the work to be satisfactory conducted in the defensible manner.

(2) It cannot be faced as terms of the regulations that retirement pension can only or must be taken out at the same time with the withdrawal of age pension from the census. Nor can it be faced as terms that the working-holder does not have the full-time or part-time position in the enterprise or with other employer.

0	Added by law 17 des 2010 # 83 (ikr. 1 jan 2011, see its VII about transition rules).

Part Article Section 5-7 b. Expedition of retirement pension

(1) Member shall give the pension device message indicating from what time age pension is to be paid. If not sent message of the withdrawal of retirement age within the age of 75, the pension is due to be paid regardless.

(2) Member can in the message determine that the outlet of retirement age should only apply to a part of the pension performance. Graden of withdrawals may still be no less than what is necessary for overall annual retirement constitutes about Tier 20 percent of the Medicaid basis.

(3) The output degree can at any time after withdrawals until filled 75 years changes to full withdrawal of pension. The output degree can be changed at the reach of the earnings age and then at times determined in the rule of regulations. By the age of 75, the outlet is to be changed to full withdrawal.

(4) Member who receive unpension pension after Section 6-1 cannot simultaneously take out retirement pension in the extent overall unbirth pension and retirement pension exceeds a 100 percent pension degree. Are working stakes before after withdrawals of retirement, the retirement pension payout decreased so that the pension ratio does not exceed 100 percent.

0	Added by law 17 des 2010 # 83 (ikr. 1 jan 2011, see its VII about transition rules).

Part Article Section 5-7 c. Insurance Technique rebill of pension charges

(1) If a member takes out retirement pension either before or after reaching earnings, the retirement pension shall be recounted on the insurance technology basis from the calculation basis on the release date and the length of the payment period.

(2) If the output degree, the amount of payment, or the hearing time later changes by the member, the retirement pension shall be recounted on the insurance technology basis from the calculation basis at the change time. Changes in the pay time and hearing time cannot be made after filled 75 years. Age pension to be totes as long as the member lives, also cannot be transformed by the member of the audible retirement age performance.

(3) At the rebill of retirement age after the first or second clause, the insurance technology is supposed to be the same before and after the conversion. At the withdrawal of pension before earnings, still the institution can make a standard deduction in the prize of the prize. The standard frag can in the event be up to 0.5 percent of the prize reserve by withdrawals by 62 years and should be reduced-rate per year at later withdrawals, unless the King at regulation has stipulated other rules for calculation default rates for the waiver.

0	Added by law 17 des 2010 # 83 (ikr. 1 jan 2011, see its VII about transition rules).

Part Article Section 5-7 d Illumination liked about pension charges

(1) The pension device should within the year a working holder turns 61 years providing the person information on estimated annual pension performance by withdrawal from each of the years from filled 62 years to earnings, respectively, with and without still earnings up to the earnings of the age. It shall also be provided information on the right to pension earnings by work by employment age.

(2) If the pension device requires a standard deductions according to Section 5-7 c third clause, it shall be disclosed about the size of the frak and meaning of this.

(3) First and other clauses apply accordingly when the pension device receives message after Section 5-7 b about the withdrawal of pension before reaching the earnings age. Is the repayment time of pension reduced in relation to the pension plan, the pension device should provide free-policy holder's written information on any opportunities to reduce the outlet from other pension providers, herduring the adhall to reduce the output degree for the retirement pension from the census forward to the 75-year-old.

(4) The information after this determination shall be given in writing and in an overview and easily understandable manner.

(5) The king can give closer rules about the information-like for pension devices.

0	Added by law 17 des 2010 # 83 (ikr. 1 jan 2011, see its VII about transition rules), modified by law 14 des 2012 No. 1 84 (ikr. 1 jan 2013 ifg. res. 14 des 2012 No. 1 1230).

Part Article

LII. Changes in pension plan m.v.

0	Modified by law 21 des 2000 # 107 (ikr. 1 jan 2001 ifg. res. 21 des 2000 # 1353), changed the paragraph number from II.

SECTION 5-8. Change of the pension system

(1) Regulations of the pension system can happen by the change of pension plan in accordance with the provisions of the Act here.

(2) It cannot be carried out changes in the pension system that entails the reduction of member's right to the earned pension or of premiererve related to the earned pension at the time of the change.

(3) It cannot be made change of the calculation basis of the pension arrangement that entails the reduction of member's right to the earned pension or of premiererve related to earned retirement at the time of the change.

0	Modified by law 21 des 2000 # 107 (ikr. 1 jan 2001 ifg. res. 21 des 2000 # 1353).

Part Article SECTION 5-9. Translation of performance-based pension

(1) The Endres pension plan by that pension systems are set down from and with the time of change, the service time of change should be counted on determining the determining of the individual working-holder's right to retirement after the new pension plan.

(2) It shall be issued free policy following the rules in Section 4-7 to 4-9 that secures the employee's right to the share of earned pension that exceeds the salary and service time at the modification time would be upearned after the new pension plan.

0	Modified by law 21 des 2000 # 107 (ikr. 1 jan 2001 ifg. res. 21 des 2000 # 1353).

Part Article

TWELVE. Reguulation of running pensions

0	The headline added by law 21 des 2000 # 107 (ikr. 1 jan 2001 ifg. res. 21 des 2000 # 1353).

SECTION 5-10. Annual regulation

(1) Midler-led retirement funds should each year be used as one-time premiings for the addition of retirement age during pay-offs. All pensions shall be given the same percentage of annual additions.

(2) Includes pension arrangement pension pension or post-lateral pensions in addition to age pension, such pensions shall be given the same percentage as in the event given to retirement pension under payout.

(3) It can in the regulations determined that funds in the retirement fund should also be used as one-time premies for annual additions to the age of retirement for members who receive unpension pension. In the individual year, that in case is given the same percentage as well as for pensions under payout, jf. first clause. The amendment is calculated with the starting point of the pension member will have the right to after Section 4-3 third clause.

(4) Supplement to pensions may in a single year percentage not exceed the percentage increase of the Medicaid basis in the year. It can still be given higher additions for the regulation of the pensions of the year and the two previous years to together shall respond to the percentage increase of the base amount in these three years.

0	Added by law 21 des 2000 # 107 (ikr. 1 jan 2001 ifg. res. 21 des 2000 # 1353), modified by law 15 June 2007 # 28 (ikr. 1 July 2007 ifg res. 15 June 2007 # 652).

Part Article SECTION 5-11. Tilkshot to the retirement fund

(1) Is the funds in the retirement fund in a year not sufficient to cover the one-time prize after Section 5-10 in accordance with the percentage increase of the census of the year, the enterprise can determine that the necessary funds should is transferred from the prize fund or enterprise to the assault fund.

0	Added by law 21 des 2000 # 107 (ikr. 1 jan 2001 ifg. res. 21 des 2000 # 1353).

Part Article SECTION 5-12. Overshot in the retirement fund

(1) Overrises the funds in the retirement fund of a year the amount needed for one-time premiums for pensions determined after Section 5-10, the remaining funds shall be attributed to premionit, at the latest by the end of the year.

0	Added by law 21 des 2000 # 107 (ikr. 1 jan 2001 ifg. res. 21 des 2000 # 1353).

Part Article

V. Payment of pension

0	The headline added by law 21 des 2000 # 107 (ikr. 1 jan 2001 ifg. res. 21 des 2000 # 1353).

SECTION 5-13 Limit of annual payout of one-time paid retirement pension

(1) If the institution does not guarantee the retirement pension, the pension in a single year should not be greater than the same age pension after the calculation basis will be able to be paid each year in the remaining payment period.

0	Added by law 21 des 2000 # 107 (ikr. 1 jan 2001 ifg. res. 21 des 2000 # 1353), modified by law 17 des 2010 # 83 (ikr. 1 jan 2011).

Part Article

Chapter 6. Urepension pension Premium exemption at imprehet

Section 6-1. (Raised by law 22 May 2015 # 31 (ikr. 1 jan 2016 ifg. Research. 15 des 2015 # 1480).) Part Article Section 6-2. (Raised by law 22 May 2015 # 31 (ikr. 1 jan 2016 ifg. Research. 15 des 2015 # 1480).) Part Article Section 6-3. (Raised by law 22 May 2015 # 31 (ikr. 1 jan 2016 ifg. Research. 15 des 2015 # 1480).) Part Article Section 6-4. (Raised by law 22 May 2015 # 31 (ikr. 1 jan 2016 ifg. Research. 15 des 2015 # 1480).) Part Article Section 6-5. (Raised by law 22 May 2015 # 31 (ikr. 1 jan 2016 ifg. Research. 15 des 2015 # 1480).) Part Article SECTION 6-6. Premie and inshot exemptions by inprehet

(1) The company is supposed to draw insurance that provides the right to prize-and-entry exemption under disability in accordance with the actual degree of disability, corresponding prize exemption after the service law Section 2-1 other clause. The Insurance shall include all members who have not filled 67 years, and it shall provide prize exemption in accordance with the disability until the member has filled 67 years. Overall, overall earnings of the right to retirement age on the basis of employment income and premiums should not at any point exceed earnings responding to 100 percent of full position.

0	Modified by laws 17 des 2010 # 83 (ikr. 1 jan 2011), 22 May 2015 # 31 (ikr. 1 jan 2016 ifg. Research. 15 des 2015 # 1480).

Part Article SECTION 6-7. Almemorial rules

(1) The provisions of Section 5-2 to 5-9 apply to the equivalent of unmolding pensions as far as they fit.

0	Modified by law 17 des 2010 # 83 (ikr. 1 jan 2011), modified paragrafnumber from Section 6-8.

Part Article

Chapter 7. Pensions to Afterlatte

SECTION 7-1. Child pension

(1) Includes pension plan child pension, it shall in the rule of regulations shall be determined rules about the terms of such pension. The pension arrangement can give right to child retirement to children as the member of his death has been able to provide for or mourned.

(2) Children's pension shall run from the member's death and shall be at no later end when the child turns 21 years. Is the child becoming ununtil prior to the time of the hearing, the child's pension is paid as long as the disability lasts.

(3) Child pension shall be determined as part of the member's retirement pension or salary at the member's death. Door member before reaching earnings, the service time that follows of the Section 4-3 third clause is added to reason. It can still be determined rules about minimum pension funds for each child, estimation of the performance of the number of children, and higher benefits to orphans.

0	Modified by laws 21 des 2000 # 107 (ikr. 1 jan 2001 ifg. res. 21 des 2000 # 1353), 17 des 2010 # 83 (ikr. 1 jan 2011).

Part Article SECTION 7-2. Spouse pension

(1) Includes pension arrangement spouse pension, it shall in the rule of regulations shall be determined rules about the terms of such pension. There cannot be determined different rules for spouses of different gender.

(2) Marriage pension shall run from the member's death and shall cease by the latest on the death of the spouse. It can in the regulations determined that the spouse's pension should cease when it is paid off-to-state pension benefits for at least 10 years. If also paid children's pension, the spouse will still run until the court of child pension ends, according to Section 7-1 other clause first period.

0	Modified by law 21 des 2000 # 107 (ikr. 1 jan 2001 ifg. res. 21 des 2000 # 1353).

Part Article SECTION 7-3. Ffast-led spouse

(1) Ffast-led spouse joint right to the post-platform pension is determined by the rules of the marriage legislation.

Part Article SECTION 7-4. Spouse's size

(1) The spouse's pension shall be determined as part of the member's retirement pension or salary at the member's death. Door member before reaching earnings, the service time that follows of the Section 4-3 third clause is added to reason.

(2) In the regulations, it can be determined that it should be made deductions in the spouse pension after the rules of expected and actual ervervanger Revenue in Section 7-5 and 7-6.

0	Modified by laws 21 des 2000 # 107 (ikr. 1 jan 2001 ifg. res. 21 des 2000 # 1353), 17 des 2010 # 83 (ikr. 1 jan 2011).

Part Article SECTION 7-5. Spouse that has not filled 67 years

(1) In the post-pension pension to spouse who has not filled 67 years, deductions by ervervtrial will comprise 40 percent of the share of expected annual ervervanger that exceeds 8 times the base amount in the census. It is still not to be made deductions in annual retirement for amounts less than 10 percent of the base amount.

(2) Are expected annual ervervanger stipulated in the census, this shall be added to reason. By the way, the ervervindance is set to the amount of which the spouse out of age, ververacity, rejuvenating the veracity and circumstances otherwise must be believed to be able to acquire. Changes the conditions significantly, to be expected to be the vervanger Revenue is redetermined.

Part Article SECTION 7-6. Spouse that is between 67 and 70 years

In the post-lateral pension to spouse who has filled 67 years, but not 70 years, deductions by ervertissue trial will comprise 40 percent of the annual actual ervervanger that exceeds 8 times the base amount in the census. It is still not to be made deductions in annual retirement for amounts less than 10 percent of the base amount.

0	Modified by law 17 des 2010 # 83 (ikr. 1 jan 2011).

Part Article SECTION 7-7. Post-platform pension to registered partner

(1) Includes pension arrangement spouse pension, it shall also include post-platform retirement to registered partner.

(2) The rules in Section 7-2 to 7-6 apply to the equivalent of the post-platform pension to registered partner.

Part Article SECTION 7-8. Samboerpension

(1) The pension arrangement may include post-platform retirement to the roommate at the time the member dies. The rules of Section 7-2 to 7-6 apply in case of the equivalent of the post-platform pension to the roommate.

(2) The court of the post-pension pension for spouse or registered partner runs ahead of the right of the sambo pension.

(3) Had the member of his death divorced spouse or partner, tes same-sex pension with the amount that the collector would have the right to whether marriage or registered partnerships had been reached with the member when the samboer relationship was established. This also applies when marriage or registered partnerships have been reached during the samboer relationship.

Part Article SECTION 7-9. Almemorial rules

(1) The provisions of Section 5-2 to 5-9 apply accordingly to post-platform pension as far as they fit.

(2) The pension arrangement may include child pension even if it does not include spouse pension m.v.

Part Article

Part 3. Pension of the Pension

Chapter 8. Almemorial rules

SECTION 8-1. Midler related to the pension arrangement

(1) A pension of pension funds includes premiererve to the safeguards of the earned pension at any given time, prize funds and the retirement fund. Additional statement related to the pension arrangement is also part of the pension's funds.

(2) Midler related to freepolise is not subject to the pension of the pension.

0	Modified by laws 7 June 2002 # 17 (ikr. 1 des 2003 ifg Act 3 nov 2003 # 1293), 17 des 2010 # 83 (ikr. 1 jan 2011).

Part Article SECTION 8-2. Advice on the pension of the pension

(1) The pension of the Pension Order shall be disposed in accordance with rules granted in or in co-compliance of the law here.

(2) The midles cannot be used to outpay pensions or other benefits to workers who are not concerned as a member.

Part Article SECTION 8-3. The relationship with the

(1) The pension of the Pension Order shall be kept separate from the assets of the company.

(2) The Midlene booklets do not for the company's obligations. The funds cannot at mortgage or otherwise be used to secure or to cover the enterprises of the company.

(3) Midler in prize funds can still be retaken to the venture by the rules of Section 10-4.

Part Article SECTION 8-4. Capital administration

(1) Pension Order funds shall be managed in accordance with the rules of capital management in life insurance companies and pension assets that apply to any time unless it complies with the provision of regulations of the Rules. investment choices by the rules of Chapter 11.

(2) The Reither on loan to the enterprise or members should be set equal to regular market interest for equivalent loans. The loan terms should allow admission to change the interest in accordance with the development of the market interest.

(3) The tax return on funds related to the prize funds shall annually be attributed to premiums. Return on funds related to the retirement fund will be attributed to the assault fund.

0	Modified by law 21 des 2000 # 107 (ikr. 1 jan 2001 ifg. res. 21 des 2000 # 1353).

Part Article SECTION 8-5. Prejudice of earnings

(1) Midler that is attributed to the pension scheme as a surplus after the insurance business law Section 8-1 with its regulations, excluding earnings mentioned in other clauses, shall be accepted the enterprise and be transferred to premionit.

(2) Overshot on premiererve associated with pensions during whole or partial payout shall be attributed to the retirement fund. Contains regulations determination as mentioned in the Section 5-10 third clause, shall also profit on premiererve associated with the right to retirement pension for members who receive the pension pension, the fund added.

(3) The provisions of the paragrafen here do not apply to as far as follows of rules given with home in Section 9-7 or of the rules about the return of investment portfolio in Chapter 11.

0	Modified by laws 21 des 2000 # 107 (ikr. 1 jan 2001 ifg. res. 21 des 2000 # 1353), 15 June 2007 # 28 (ikr. 1 July 2007 ifg res. 15 June 2007 # 652), 17 des 2010 # 83 (ikr. 1 jan 2011).

Part Article SECTION 8-6. Sary rules of pension and

(1) The draft of funds attributed to a pension fund as responsible capital shall not exceed an interest that stands in reasonable conditions to the size of the inshot capital and the risk that relates to the deposit.

(2) The Vedtecs for a retirement case can determine that a portion of the profits after Section 8-1 in law on insurance business of 10. June 1988 # 39, 1 is to be withheld in the retirement box.

(3) The provisions of Section 8-3 first and other clauses apply to the equivalent of the relationship between enterprise and risk-level funds and equity in the retirement box.

0	Modified by laws 21 des 2000 # 107 (ikr. 1 jan 2001 ifg. res. 21 des 2000 # 1353), 17 des 2010 # 83 (ikr. 1 jan 2011).
1	Raised, see now law 10 June 2005 No. 1 44.

Part Article SECTION 8-7. The move of the pension arrangement

Midler related to a venture pension arrangement can be transferred to other pension device by the rules of the insurance business law chapter 6.

0	Modified by laws 19 des 2003 # 121 (ikr. 1 jan 2004 ifg. res. 19 des 2003 # 1767), 15 June 2007 # 28 (ikr. 1 July 2007 ifg res. 15 June 2007 # 652), 4 des 2015 # 96 (ikr. 1 jan 2016 ifg. res. 4 des 2015 # 1399).

Part Article

Chapter 9. Premie. Premiererve

SECTION 9-1. Premiererve

(1) The premise reserve for a retirement plan shall at any time be so large that it after the calculation basis for the arrangement is sufficient to ensure the right to retirement as its members have earned, herunder the right of the pension pension and post-end pension.

Part Article

I. Pension Regulation with performance-based retirement pension

0	The headline added by law 21 des 2000 # 107 (ikr. 1 jan 2001 ifg. res. 21 des 2000 # 1353).

SECTION 9-2. The Year award

(1) The pension arrangement shall each year be attributed to a prize that after the calculation basis of the arrangement will be sufficient to ensure the right to retirement as its members will be upearn during the year, with the addition of this year's risk remigrant and costs after the calculation basis. In the calculation basis, the earnings age shall be determined in the rule of regulations after Section 4-1 is added to reason.

(2) Is this year's prize as a result of salary increase higher than two times the average of premiums in the previous three years, a quarter of the amount that exceeds premiums may be paid next year.

(3) Determining at the creation of a pension arrangement rules about the co-bill of previous service time in the enterprise, can the premiererve needed to ensure the right to pension such co-bill involves, paid as premiums with a three-part in each year accordingly.

0	Modified by law 17 des 2010 # 83 (ikr. 1 jan 2011).

Part Article SECTION 9-3. Premium calculation

(1) The year's prize for the pension arrangement shall be calculated following the guidelines (calculation basis) of which the company or pension funds have been refinancing the SEC. The basis of the arrangement shall be in accordance with rules determined by the ministry.

(2) Are the earnings age of a group of members set higher than the lowest allowed earnings age, the prize can be calculated so that prize payment ceases at the lowest permitted earnings age. Includes pension scheme premiums by inequality, the prize should be calculated so that it should not be paid prize for members who become disabled, nonetheless so that the premiums should be reduced relationship-wise after the disability.

(3) Includes pension arrangement pension pension, the prize should be calculated so that it should not be paid prize for members who receive unpaid pension pension. For members who receive partial unpension pension, the prize-free relationship is reduced.

(4) Includes pension arrangement post-pension pension, it shall be added that the enterprise should not pay the prize for the post-lateral pension for members who die before reaching the earnings age.

(5) Should earlier service time from other pension arrangement co-count by the rules in Section 4-11 and 4-12, the timing of membership is assumed from a corresponding earlier time.

0	Modified by laws 19 des 2003 # 121 (ikr. 1 jan 2004 ifg. res. 19 des 2003 # 1767), 19 June 2009 # 48 (ikr. 21 des 2009 ifg res. 18 des 2009 # 1603), 17 des 2010 # 83 (ikr. 1 jan 2011).

Part Article SECTION 9-4. Workers ' supplements

(1) Should the labour staffs pay supplements to the pension scheme, the annual supplement for each worker cannot be set higher than 4 percent of the employee's salary calculated after Section 5-4.

(2) The charges from a work holder shall not in any case pose more than half of the prize without the charge of labor to be paid for the working holder.

Part Article SECTION 9-5. Change of the calculation basis

(1) The SEC may require that the calculation basis for the pension arrangement changes if the calculation basis does not provide reassuring security for the member's upearned pension.

(2) The new calculation foundation shall be added due to the calculation of prizes that are due after the Financial Bank's ordinance. The coverage of missing premiererve after the new calculation basis can be distributed over three years with a three-piece basis each year.

(3) The Rule Works shall contain reservations about the right to change of the prize or other terms if the essential prerequisites for the calculation basis are changed. By the way, insurance companies apply Section 9-4.

0	Modified by laws 19 June 2009 # 48 (ikr. 21 des 2009 ifg res. 18 des 2009 # 1603), 17 des 2010 # 83 (ikr. 1 jan 2011).

Part Article

II. Pension arrangement with one-time paid retirement pension

0	The headline added by law 21 des 2000 # 107 (ikr. 1 jan 2001 ifg. res. 21 des 2000 # 1353).

SECTION 9-6. Ingun fire reemie m.v.

(1) The pension arrangement shall be attributed to the entry-level of the members in accordance with what has been determined in the entry-level remiti plan. By the calculation of the upearned pension, the earnings call is placed in the rule of regulations after Section 4-1, for reason.

(2) Includes pension arrangement also unpension pension and post-pension pension plan, the pension arrangement shall also be attributed to this year's prizes for such benefits, jf. Section 9-2 first joints. Section 9-3 third and fourth joints and Section 9-4 apply accordingly.

(3) The cost of the calculation basis shall be covered in addition to prize after the first and second clause.

0	Added by law 21 des 2000 # 107 (ikr. 1 jan 2001 ifg. res. 21 des 2000 # 1353), modified by laws 10 June 2005 # 45 (ikr. 7 oct 2005 ifg res. 7 oct 2005 # 1115), 17 des 2010 # 83 (ikr. 1 jan 2011).

Part Article SECTION 9-7. Return

(1) The king may determine that the premiernet for upearned retirement pension, in addition to funds attributed to the calculation basis, annually shall be attributed to a certain share of earnings or other yield that is attributed to the pension arrangement.

0	Added by law 21 des 2000 # 107 (ikr. 1 jan 2001 ifg. res. 21 des 2000 # 1353).

Part Article SECTION 9-8. Limit of the entry-in-time

(1) The king may determine further rules that the acquisition of retirement for retirement should not exceed a set amount for each member or a set percentage of the member's salary. It can be determined different percentage rates for salary up until 6 G and for the share of the salary that is located between 6 G and 12 G.

(2) At the estimation of the entry-level remitre, after the acquisition plan, higher amounts or percentage rates may not be applied than that of any time determined by the King according to the paragrafen here.

0	Added by law 21 des 2000 # 107 (ikr. 1 jan 2001 ifg. res. 21 des 2000 # 1353).

Part Article

Chapter 10. Premium

SECTION 10-1. Premium funds for the pension scheme

(1) The company of the company shall have a prize fund for the pension scheme.

(2) The midfils in the prize fund shall be managed and predisposed in accordance with the provisions of the Act here.

(3) Midler in premiums created by the same enterprise shall be deemed one fund associated with all pension arrangements the enterprise has created or joined.

Part Article SECTION 10-2. Midler in premiums

(1) Premiefonit shall be attributed :

a.	all supplements to the prize fund as the refunds of the tax law Section 6-46 first clause letter c,

b.	return on the funds in premiums after Section 8-4 third clause,

c.	earnings that after Section 8-5 or Section 5-12 map the enterprise,

d.	funds related to pensions that do not come to payout, and

e.	for very paid advance remie for members who end in the enterprise during the year.

0	Modified by law 21 des 2000 # 107 (ikr. 1 jan 2001 ifg. res. 21 des 2000 # 1353).

Part Article SECTION 10-3. Use of premiums

(1) Premiefonit can only be used for coverage of :

a.	This year's prize for retirement plan after Section 9-2 and Section 9-6,

b.	transfer to the retirement fund after Section 5-11,

c.	transfer as mentioned in Section 11-1 fourth clause,

d.	charge according to Section 15-5 seventh joints and 15-6 fifth joints,

e.	charge according to Section 2-12 fourth clause.

(2) The company cannot use funds in the prize fund for purposes as mentioned in the first clause of letter b, d and e, unless premiums will still be sufficient to ensure that this year's prize and prize for the next year will be paid.

(3) Has a pension case lost its responsible capital, funds in the prize fund can also be used to cover missing premiererve.

0

Modified by laws 21 des 2000 # 107 (ikr. 1 jan 2001 ifg. res. 21 des 2000 # 1353), 15 June 2001 # 41 (ikr. 1 July 2001 ifg Act 29 June 2001 No. 742), 7 June 2002 # 17 (ikr. 1 des 2003 ifg Act 3 nov 2003 # 1293), 15 June 2007 # 28 (ikr. 1 July 2007 ifg res. 15 June 2007 # 652), 17 des 2010 # 83 (ikr. 1 jan 2011).

Part Article SECTION 10-4. Transfer to the enterprise

(1) Is the prize fund at this year's exit greater than six times the average of the year's prize and premiums for the two preceding years for the or the pension arrangements enterprise has, the enterprise shall ensure that excess amounts are reintroduced to the enterprise.

(2) The company of the company can decide that funds in the prize fund that exceed half of the limit after the first clause shall be transferred to the enterprise. Prior to the decision to transfer the meeting of the enterprise, the question shall be the parent's management team of the pension arrangement or the Board of the pension of the pension to statement.

0	Modified by law 15 des 2000 # 97 (ikr. 1 jan 2001).

Part Article

Chapter 11. Pension arrangement with investment options

0	The headline changed by law 21 des 2000 # 107 (ikr. 1 jan 2001 ifg. res. 21 des 2000 # 1353).

SECTION 11. Performance based enterprise pension with investment choices

(1) The company can comply with regulations in the regulations agreement with the institution that funds the equivalent of retirement benefits for retirement or for benefits as mentioned in the chapters 6 and 7, should be managed as an investment portfolio mapped the pension arrangement. The deal should indicate how the portfolio is to be paired and which admission the enterprise should have to change the joint statement.

(2) Before the enterprise deals agreement after the first clause or changes the composition of the investment portfolio, the management team shall be given the opportunity to comment.

(3) Reject out over what has been added to the word's calculation basis is transmitted premiums. Is the yield on the part of the investment portfolio that contrasts premieres related to pensions under payout higher than added due to the wording's calculation basis is conveyed to excess yield of the pension funds.

(4) Is the yield on the investment portfolio in a fiscal period not as large as provided in the calculation basis of the pension arrangement, the institution shall immediately require the difference to be covered by transfer from premionit or by supplements from The enterprise, unless the difference is covered under the return guarantee as mentioned in Section 11-5 third clause. The Institution is responding to the insured for the difference being covered.

0	Modified by laws 21 des 2000 # 107 (ikr. 1 jan 2001 ifg. res. 21 des 2000 # 1353), 15 June 2001 # 40 (ikr. 15 June 2001 ifg res. 15 June 2001 No. 653).

Part Article Section 11-1a. Single-paid venture pension with collective investment choice

(1) Is it determined in the regulations that the funds equivalent of pension order premiums for retirement pension shall be managed with collective investment choice, shall venture deal with the institution on how investment portfolio should be paired and which access the enterprise should have to change the joint statement. Before the enterprise does this, the management team should be given the opportunity to comment on it.

(2) Return and loss at the management of the investment portfolio shall annually be mapped to the portfolio and is distributed between the members after-earned premiererve.

(3) It can in the regulations determined that the members ' premieres for ageing pension shall be managed in various or in the same investment portfolio. The divider is due to be done on the basis of the member's age so that earned premieres for members with few years left to the right to the withdrawal of pension will be managed in a particularly reassuring manner.

0	Added by law 15 June 2001 # 40 (ikr. 15 June 2001 ifg res. 15 June 2001 No. 653), modified by law 17 des 2010 # 83 (ikr. 1 jan 2011).

Part Article SECTION 11-2. Individual investment portfolio

(1) When the pension arrangement has one-time paid retirement, the enterprise may comply with the provision of regulations agreement that it should be created own pension account for each member and that each pension account should be mapped to an investment portfolio equivalent The prize series for the retirement pension member has been made up.

(2) The account holder shall have access to change the investment portfolio. The costs of change are charged the pension account or covered by the account holder.

(3) The tax return on investment portfolio shall each year be attributed to the pension account. The account holder bears the risk that the value of the investment portfolio is reduced, when otherwise is not determined in the regulations or by appointment of the institution.

(4) Midler associated with own pension account can only be moved to a different institution by the rules of Section 8-7.

(5) When the member ends in the enterprise with the right to immediately beginning retirement pension, shall be entitled to the earned pension with its premiererve and a relationship-wise share of accessory charges by freepolise following the rules in Section 4-7 to 4-10.

0	Modified by laws 21 des 2000 # 107 (ikr. 1 jan 2001 ifg. res. 21 des 2000 # 1353), 14 des 2012 No. 1 84 (ikr. 1 sep 2014 ifg. pass 2 July 2014 # 932).

Part Article SECTION 11-3. Premium fund with investment portfolio

(1) The company of the company can deal that funds in the prize fund should be managed as an investment portfolio. The company is supposed to have access to changing the investment portfolio.

(2) The draft of the investment portfolio shall each year be attributed to premionit. The company carries the risk that the value of the investment portfolio is reduced, when otherwise is not agreed with the institution.

0	Modified by law 21 des 2000 # 107 (ikr. 1 jan 2001 ifg. res. 21 des 2000 # 1353).

Part Article SECTION 11-4. Requirements for investment portfolio

(1) An investment portfolio can consist of

a)	shares in value paper fund,

b)	shares in a special investment portfolio, and

c)	cash and corresponding liquids.

(2) A special investment portfolio is complying by the institution in accordance with the capital management guidelines in life insurance companies and pension enterprises.

0	Modified by laws 21 des 2000 # 107 (ikr. 1 jan 2001 ifg. res. 21 des 2000 # 1353), 20 June 2003 # 43 (ikr. 13 aug 2003 ifg Research. 13 aug 2003 No. 1 1044), 17 des 2010 # 83 (ikr. 1 jan 2011).

Part Article SECTION 11-5. Registration and change of investment portfolio

(1) EienParts mapped the individual investment portfolio to be registered so that it at all times is clear which belongings are part of the portfolio.

(2) By the change of an investment portfolio, the market value of the belongings shall be added due to the reckoning.

(3) The Knutrider institution returns warranty to an investment portfolio, the institution shall require special allowance for coverage of the warranty risk.

0	Added by law 21 des 2000 # 107 (ikr. 1 jan 2001 ifg. res. 21 des 2000 # 1353).

Part Article

Part 4. Concerns. Company changes. Termination

Chapter 12. Concerns m.v.

SECTION 12-1. Public pension scheme for enterprise enterprise

(1) Multiple enterprises in the same corporation can create public pension arrangement if they combined fill the minimum requirements in Section 2-2. An enterprise in the company can also join pension arrangement created by one or more other corporation enterprises.

(2) The SEC can consent in that other enterprises that have corresponding close ties to each other, have joint pension arrangement.

0	Modified by law 19 June 2009 # 48 (ikr. 21 des 2009 ifg res. 18 des 2009 # 1603).

Part Article SECTION 12-2. Team granularity

(1) The workers of each of the enterprises shall constitute a separate group within the pension arrangement. The SEC will determine in doubt which group a work holder should belong to.

(2) The provisions of the chapters of 3 to 7 and 9 to 11 apply compared to the members of each group. It can be determined special pension plan for each group.

(3) The provisions of the first and second clause are not an obstacle to that :

a.	it is determined joint pension plan and is used the same calculation basis for all the members of the joint pension scheme,

b.	It is determined that the service time of the members of the joint pension arrangement shall be calculated as overall service time at coherent employment in enterprises that are part or have reached in the Group of Concern.

0	Modified by law 19 June 2009 # 48 (ikr. 21 des 2009 ifg res. 18 des 2009 # 1603).

Part Article SECTION 12-3. Premie, profit m.v.

(1) Annual prize and other supplements to the pension arrangement shall be distributed between enterprises on the basis of the amount needed to ensure the earned pension for the members who are participating in each group.

(2) None of the enterprises can be charged with a greater share of the prize than determined in the first clause.

(3) Return and surplus, as well as other revenue and costs associated with the pension arrangement shall be distributed between the groups by current rules.

Part Article SECTION 12-4. Co-fund

(1) The pension arrangement may have one joint prize fund and one joint retirement fund.

(2) At the disposal of funds in a joint fund, the rules apply in Section 12-3 equivalent. It shall be accounting for the joint fund that ensures the provisions of Section 12-3 are being honored.

Part Article SECTION 12-5. The Termination of the Concerns

(1) Selges a concert enterprise or cease the enterprise relationship differently, the enterprise and its group of members shall be separated from the joint pension arrangement. Corresponding applies if connectivity conditions as mentioned in Section 12-1 different clause cease.

Part Article SECTION 12-6. Mapping funds for the separated enterprise

(1) By the dividend, it shall be part of the joint pension of the joint pension funds that link to the members of the Company's group, map the enterprise. Is the venture sold or concert relationship-heard otherwise, premiums can be exemplized from distribution if the enterprises of Workers 'membership make up less than a third of those Workers' members in the joint The pension arrangement.

(2) Should the enterprise be separated from joint pension arrangement in pension case, the enterprise should also be mapped

a.	part of the risk equalization fund calculated after the relationship between premieres of the members of the venture group and the premieres of the other members of the pension scheme

b.

equity as the separate venture has been attributed to the pension treasury, as well as part of the equity in the pension of equity, calculated after the relationship between premieres of the members of the Company and the prize-winning series for those The other members of the pension scheme, unless the venture is sold or concert relations otherwise and the enterprises group of Workers 'membership make up less than a third of the Workers' Party members in the pension scheme.

0	Modified by laws 15 June 2007 # 28 (ikr. 1 July 2007 ifg res. 15 June 2007 # 652), 17 des 2010 # 83 (ikr. 1 jan 2011).

Part Article SECTION 12-7. The expansion of funds mapped out the separate enterprise

(1) The funds that are mapped out the venture separated by the rules of Section 12-6 should be applied to ensure the members of the enterprises ' group equivalent straight to retirement after the rules of the paragrafen here.

(2) Should the members of the enterprises of the company are entitled to retirement in new pension plan in other pension devices, the mapped funds will be transferred to the pension device by the rules of Section 8-7. Is the new pension arrangement created in life insurance companies and is the venture mapped funds by Section 12-6 other clauses, shall still

a.	mapped part of the risk equalization fund is transferred to premiums

b.	mapped equity is reintroduced to the enterprise.

(3) Should the pension arrangement of the members of the company's group cease, members shall be secured straight to retirement after the rules of Section 15 -3. Is the venture mapped funds by Section 12-6 different clauses, other clause applies to different periods accordingly.

0	Modified by law 17 des 2010 # 83 (ikr. 1 jan 2011).

Part Article

Chapter 13 Concatenation of the enterprise

SECTION 13-1. Scope

(1) The provisions of the chapter here apply to the merging of enterprises when at least one of the enterprises has pension arrangement at the time of the merger.

(2) The provisions of the chapter here are not to the obstacle that the merged enterprise may have parallel pension schemes.

0	Modified by law 15 June 2001 # 41 (ikr. 1 July 2001 ifg Act 29 June 2001 No. 742).

Part Article

In, the company is supposed to have retirement plan

SECTION 13-2. Creation of new pension arrangement

(1) Should the venture after merging the pension arrangement, new pension arrangement must be created by the rules of the law here.

(2) The new pension arrangement shall take over the obligations pursuant to previous arrangements in the enterprises that combine, unless all prior arrangements should cease and deviate by the rules of the law here.

(3) Determining the pension plan for the new arrangement lower benefits than the pension plan of a previous arrangement, the former pension plan can be reintroduced by the rules of Section 13-3. The pension plan is not retaken, applies Section 5-8 and 5-9 equivalent.

(4) Third clause other period applies to the equivalent if the calculation basis of the new pension arrangement implies change as mentioned in Section 5-8 third clause.

0	Modified by law 21 des 2000 # 107 (ikr. 1 jan 2001 ifg. res. 21 des 2000 # 1353).

Part Article SECTION 13-3. Videreduction of previous pension plan

(1) Videreduction of pension plan after Section 13-2 third clause can only occur when all pension plans for enterprises participating in the merger are being retaken. A pension plan that is reintroduced shall apply to the members of the former arrangement at the time of the merger.

(2) The pension arrangement created less than three years before the time of the merger, the pension plan can only be conveyed with the consent of the SEC. The same applies to change in the pension plan or other significant changes of the rule of regulations made less than three years prior to the merger.

(3) The SEC shall be given message of reentry of prior pension plan, attached disclosure and documentation that shows that the terms of the relay are met.

0	Modified by law 19 June 2009 # 48 (ikr. 21 des 2009 ifg res. 18 des 2009 # 1603).

Part Article SECTION 13-4. Midler related to previous pension arrangement

(1) When the new pension arrangement takes over the obligations under previous arrangements in the enterprises that combine, the funds associated with the previous moderations shall be transferred to the new pension arrangement. The rules of Section 8-7 apply as far as they fit. Prior to the transfer, earnings in a previous arrangement shall be distributed by the rules in Section 5-10, 5-12 and 8-5.

(2) Premiererve related to running pensions, as well as prize funds and other funds and statements from previous arrangements shall still be treated as distinctive parts of the new pension's funds for a period of three years from the time of the merger. The Admission of the enterprise to revert premiums by Section 10-4 other clauses applies in relation to the distinctive parts of this period. Until the expiration of three-year period applies to the rules of Section 12-4 about the share of the co-fund equivalent.

(3) Hearing the new pension arrangement before the period of three years has expired, each share of premiums, the pension funds and other funds and defunders are disposed of specifically by the rules of the law here. The same applies when the enterprise is shared or its business shared or partially discontinued.

(4) Has the merged enterprise created new pension arrangement in life insurance companies and has enterprises participating in the merger had pension arrangement in retirement case, applies first to third clause at the transfer of the pension's funds to it new pension arrangement. By the way, such pension case is supposed to be discontinued after Section 15 -4.

(5) Should the former pension orders of enterprises participating in the merger cease and deviate because the new pension arrangement does not take over the obligations pursuant to the previous wording, applies to the rules in Section 15-3 and 15 -4, nonetheless so that

a.	The distribution of prize funds after Section 15-3 third clause only has been taken for as far as needed funds from premionit to ensure straight to earned retirement in accordance with Section 5-8 and 5-9,

b.	The remaining funds in the prize-fund transfer to premiums for the new pension scheme in accordance with the first to third clause.

0	Modified by law 21 des 2000 # 107 (ikr. 1 jan 2001 ifg. res. 21 des 2000 # 1353).

Part Article

II. The company is not supposed to have retirement plan

SECTION 13-5. Videreduction of previous pension arrangement

(1) Should the new enterprise not have their own pension arrangement, the pension arrangement for an enterprise that is reselected by the merger, is reintroduced to the members of the arrangement at the time of the merger. Videreduction can only happen when all arrangements are passed.

(2) Is the pension arrangement created or modified less than three years before the time of the merger, Section 13-3 different clauses apply accordingly.

(3) The SEC shall be issued message as mentioned in Section 13-3 third clause.

0	Modified by law 19 June 2009 # 48 (ikr. 21 des 2009 ifg res. 18 des 2009 # 1603).

Part Article SECTION 13-6. Midler related to previous arrangements

(1) Should two or more prior pension arrangements are reintroduced after Section 13-5, the funds may be attached to the previous arrangements combine and in case are processed by the rules of Section 13-4.

Part Article SECTION 13-7. The discrepancy of previous pension arrangements

(1) A pension arrangement that has not been reintroduced after Section 13-5 shall cease and dismay read by the rules of the law here.

Part Article

Chapter 14 Sharing of enterprise m.v.

SECTION 14-1. Sharing the enterprise

(1) Be an enterprise split up in two or more new enterprises, the pension arrangement shall be shared in the same way by the rules of the paragrafen here, unless the pension arrangement is reintroduced as joint pension arrangement for the new enterprises by the rules of Chapter 12. The members who are to be transferred to each of the enterprises shall be considered as a separate group.

(2) The pension of the Pension Order shall be distributed and transferred to the pension orders for the new enterprises on the basis of the premieres of each group's right to retirement. Before sharing the funds, earnings in the pension scheme shall be distributed by the rules in Section 5-10, 5-12 and 8-5. Premium shall be distributed relationship-wise after the average for each of the groups of the year premiers of the share year and the three following year, calculated from the pension and salary conditions at the share.

(3) Has the enterprise shared pension arrangement in pension case, supposed pension funds will be discontinued after Section 15 -4, nonetheless so that risk funds and equity are shared and map each of the new enterprises on the basis of the premieres for each venture group of members.

(4) Each of the new enterprises shall take advantage of funds mapped to the enterprise and its group of members to secure the members equivalent pension arrangement in other pension device. Members of the pension scheme not to be transferred to the new enterprises shall be secured straight to the upearned pension by the rules in Section 4-7 to 4-9. Will be part of the enterprise's business discontinued in connection with the share, applies to Section 14-3 equivalent.

(5) Be an enterprise established by the sharing and then joined together with another enterprise, the rules apply in Chapter 13.

0	Modified by laws 21 des 2000 # 107 (ikr. 1 jan 2001 ifg. res. 21 des 2000 # 1353), 17 des 2010 # 83 (ikr. 1 jan 2011).

Part Article SECTION 14-2. Issue of a part of the enterprise

(1) Be a part of the enterprise outsigns for its own enterprise, and shall part of the members of the pension arrangement transfer to the new enterprise, applies Section 14-1 equivalent. Is it less than a third of those workers who are members of the enterprise pension arrangement to be transferred to the new venture, nonetheless

a.	premiere of the opening of the dispatch after Section 14-1 other clause,

b.	dispatch after Section 14-1 third clause unreleased.

(2) Will business in the enterprise outsign and transfer to other enterprises, and shall part of the members of the Company's pension arrangement transfer to this enterprise, apply to the first clause accordingly. Has this enterprise own pension arrangement, applies to the rules in Section 13-2 to 13-4 equivalent. By the way, the funds mapped this group of members shall be used to secure the right to retirement after Section 13-5 or Section 4-7 to 4-9.

0	Modified by law 15 June 2007 # 28 (ikr. 1 July 2007 ifg res. 15 June 2007 # 652).

Part Article SECTION 14-3. The discrepancy of business in the enterprise

(1) becomes a business in the enterprise outsigns and discontinued, shall the funds related to the pension arrangement are distributed between the group of members that must end in the enterprise, and the group of members who remain in the enterprise, by the rules of Section 14-1 clause. Is the pension arrangement in pension case, the risk equalization fund shall be distributed by the rules Section 14-1 third clause.

(2) Medleads the deviation of business that less than two wooden parts of the Workers who are members of the pension arrangement must end in the enterprise, shall nonetheless

a.	premiums not cut in the dispatch after the first clause,

b.	dispatch after Section 14-1 third clause unreleased.

(3) The Midels assigned to the group to quit the enterprise shall be used to secure the member's right to retirement after the rules in Section 4-7 to 4-9. Section 15-3 third joints third and fourth period apply accordingly.

(4) The Paragrafen here applies to the equivalent of if the business in the enterprise encrises within two years in such a way that it must be equal to an deviation of a business. The SEC will determine in doubt if this is the case.

0	Modified by laws 15 June 2007 # 28 (ikr. 1 July 2007 ifg res. 15 June 2007 # 652), 19 June 2009 # 48 (ikr. 21 des 2009 ifg res. 18 des 2009 # 1603), 17 des 2010 # 83 (ikr. 1 jan 2011).

Part Article

Chapter 15. Termination and Discretation

SECTION 15 -1. The Termination of the pension scheme

(1) The company of the company can determine that the pension arrangement should cease. Prior to decision, the question shall be whether the termination of the statute of the pension arrangement or the Board of the pension funds.

(2) The pension arrangement shall cease when it is met with the decision that the business in the enterprise should be disbursement. The same applies when the provision of provision in the law here that the pension arrangement shall cease.

(3) Ends the venture to pay the prize to the pension arrangement, and there are no means in premiums for coverage of the prize, the arrangement shall cease.

Part Article SECTION 15 -2. The discrepancy of the enterprise

(1) Should the enterprise be deviation because its business is transferred to other enterprises, apply to the rules of chapter 13 equivalent as far as they fit if at least two wooden parts of the Workers ' pension arrangement at the same time be transferred to the second enterprise. Members who do not transfer shall be secured straight to retirement in accordance with the rules in Section 4-7 to 4-9.

(2) Should less than two wooden parts of the Workers of the Company's pension arrangement will be transferred to the second enterprise, the pension arrangement shall cease and be discontinued by the rules in Section 15-3 and 15 -4.

0	Modified by law 15 June 2007 # 28 (ikr. 1 July 2007 ifg res. 15 June 2007 # 652).

Part Article SECTION 15 -3. The discrepancy of the pension scheme

(1) When a pension arrangement ceases, the funds associated with the arrangement shall be distributed and applicable in accordance with the provisions of the paragrafen here, unless otherwise is specifically determined in the law. The benefits of the funds shall be determined on the basis of calculations made by responsible actular.

(2) The midles related to the arrangement shall be distributed on the members at the time of termination of the arrangement. Prior to the dispatch, earnings should be distributed by the rules in Section 5-10, 5-12 and 8-5.

(3) The pension of the Pension Order is to be distributed on the basis of the prize-serve basis for each member. Premiefonit is distributed between the members who at the uptake time does not have the right to continuous retirement, after the average of the year premiers in the hearings and the three of the following years for each member, calculated from the pension and salary conditions on hearing time. No one should still be awarded more from the prize fund than what it takes to ensure continued prize payment for up to five years or in case a shorter term reach the reach of earnings. The rest of the premiums should in case be transferred to the enterprise.

(4) Midler assigned a member shall be used to secure the member's right to retirement after the rules in Section 4-7 to 4-9 and still prize payment.

0	Modified by laws 21 des 2000 # 107 (ikr. 1 jan 2001 ifg. res. 21 des 2000 # 1353), 17 des 2010 # 83 (ikr. 1 jan 2011).

Part Article SECTION 15 -4. Sary rules of pension and

(1) When a retirement box is cease and discloses, funds in the risk equalization fund shall be transferred to the premionment.

(2) The property capital of the pension funds after the end accounting shall be applied as stipulled in the ordinance. By the way, the equity of the Financial Visibility can be paid to the enterprise.

0	Modified by laws 19 June 2009 # 48 (ikr. 21 des 2009 ifg res. 18 des 2009 # 1603), 17 des 2010 # 83 (ikr. 1 jan 2011).

Part Article SECTION 15 -5. Transform to other enterprise pension arrangement and close

(1) Transform of pension arrangement with performance-based retirement into an arrangement with one-time paid retirement, or vice-versa, is carried out by the making necessary changes to the regulations and pension plan.

(2) Premier reserve for the right to pension earned before the reformation shall be used to secure the right to retirement after the new pension plan. Section 5-8 and 5-9 apply accordingly. Should the pension arrangement after the reformation have performance-based retirement pension, the rules regarding the co-bill of service time in Section 4-12 equivalent at the calculation of the member's right to retirement after the new pension plan.

(3) Is the prize reserve for the right to pension earned before the reformation not sufficient to secure the right to retirement after the new pension plan, it is covered by transfer from premieronit or by supplements from the enterprise.

(4) The transform of a pension arrangement is without any impact on the rights of persons who receive pension benefits.

(5) By creating arrangement with one-time paid retirement, the enterprise can choose to perpetuate performance-based enterprises of workers who are member of this arrangement at the time of creation. The workers should be able to choose to go over to new arrangement with one-time paid retirement. The resettlement arrangement cannot be changed so that the design of the right to retirement pension and post-latterpension in the two moderations provides benefits that stand in a less reasonable relationship than at the time of the creation of new arrangement.

(6) The company can choose to only perpetuate performance-based enterprises of workers who are member of the arrangement at the time of creation of new venture pension arrangement with one-time paid retirement, and which then has 15 years or less again to the earnings age. By such reduction of the venture pension arrangement, these workers are not remade of the fifth clause other period. Fifth clause third period applies to equivalent.

(7) If the pension word management reserve is not sufficient to cover the costs associated with the issuance of free policy on transform and closing after the paragrafen here, the remaining costs shall first be covered by funds in premiums and then upon payment from the enterprise if the funds in premiums are not sufficient.

0	Modified by laws 21 des 2000 # 107 (ikr. 1 jan 2001 ifg. res. 21 des 2000 # 1353), 15 June 2001 # 41 (ikr. 1 July 2001 ifg Act 29 June 2001 No. 742), 17 des 2010 # 83 (ikr. 1 jan 2011).

Part Article SECTION 15 -6. Transform to the entry-gun arrangement or service arrangement and closing

(1) An enterprise that has pension arrangement by the law here and as instead will create pension arrangement after the acquisition law or service law, the deviation of the pension arrangement shall be made by the rules in the chapter here. Premium funds related to the pension scheme can still be transferred as the deficit fund for the new pension scheme.

(2) The company can choose to perpetuate performance-based enterprises of Workers who are a member of this arrangement at the time of the creation of new entry-level mapping or service arrangement. The working makers should be able to choose to move over to new entry-time settlement arrangement or service arrangement. The Section 15-5 clause third period applies accordingly.

(3) The company can choose to only perpetuate performance-based enterprises of workers who are member of the arrangement at the time of creation of new entry-stage or service arrangement, and which then has 15 years or less left to the earnings age. In that case, also members who are disabled or work subsumed with the right to medical care are made in the resettlement arrangement. By such reduction of the enterprise pension arrangement, these workers are not subject to any other clause of other periods. Members who mentioned in other periods should be at the refresher without the right of the unbirth pension go over to the entry-level arrangement or service arrangement arrangement. The Section 15-5 clause third period applies accordingly.

(4) The company of the company can by agreement with the labour makers or their organizations perpetuate performance-based enterprises of members who are disabled or working suiors with the right to health care at the time of creation of new The shooting arrangement or service arrangement. Members with the right of the unbirth pension with an unbirth rate of 100 percent should still be secured by frepolise. Members mentioned in the first period shall have the right to choose to go over to new entry-level settlement arrangement or service arrangement. They will head over to the shootout arrangement or service order arrangement at the freshness of the freshness without the right to unbirth pension, and it shall then be issued free policy from the relatable performance-based enterprise pension arrangement. The Section 15-5 clause third period applies accordingly.

(5) If the pension word management reserve is not sufficient to cover the costs associated with the issuance of free policy by the transformation and closing after the paragrafen here, the remaining costs shall first be covered by funds in premiums and then upon payment from the enterprise if the funds in premiums are not sufficient.

0	Added by law 15 June 2001 # 41 (ikr. 1 July 2001 ifg Act 29 June 2001 No. 742), modified by laws 15 June 2007 # 28 (ikr. 1 July 2007 ifg res. 15 June 2007 # 652), 17 des 2010 # 83 (ikr. 1 jan 2011), 13 des 2013 # 106 (ikr. 1 jan 2014 ifg. res. 13 des 2013 # 1444).

Part Article

Chapter 16 The power tree. Trangural rules. Changes in other laws

SECTION 16-1. Ipower treden

(1) The law takes effect from the day the King decides. 1 The individual parts of the law can be set in effect until different time.

1	From 1 jan 2001 ifg. res. 25 aug 2000 # 879.

Part Article SECTION 16-2 Overtime rules

(1) The rule of pension arrangements created before the law is in effect shall be amended in accordance with the claim in Section 2-1 fourth clause at the end of two years after the law stepped into effect.

(2) Pension Regulation established before the law is in effect, and which does not fill the minimum requirements in Section 2-2 first and second clause, cannot be discontinued after Section 2-2 third clause before five years after the law stepped into effect.

(3) In relation to the rules of membership in Section 3-3 to 3-11 applies to the following transition rules :

a.

The provisions of Section 3-3 first joints, 3-5 first joints and 3-6 take effect seven years after the law is in effect. In time until these provisions are in effect, instead the corresponding provisions of Section 4 number 1 second period and Section 4 # 2 letter a and b in regulation 28. June 1968 # 3 about private service service arrangements in accordance with the Tax Act Section 44 first clause k.

b.

When else does not follow the letter of the letter, the rules of the right to pension plan created before the law took effect from the time rules of the pension arrangement have been changed as mentioned in the first clause, or, for pension arrangements created by enterprises with Workers who are a member of the Pension strongden for sailors, no later than ten years after the law stepped into effect. The provisions of Section 3-11 and Section 5-1 third clause first period apply to workers who have reached the retirement age after the time mentioned in the first period.

c.	Extensions as a result of the provisions of the letter a or b shall not have effect on the founding of the founding of the original life insurance agreement added reason.

(4) For pension arrangements created before the law stepped into effect, Section 4-2 first clause applies only to earnings on the basis of service time after the rule of regulations has been changed as mentioned in the first clause. Pension earned at service time before this time, is calculated after previous current rule works.

(5) The provisions of Section 4-4 apply at the shift of position after the rule of regulations have been changed as mentioned in the first clause.

(6) The provisions of Section 4-5 apply to Workers as when the pension age after the rule of regulations has been changed as mentioned in the first clause.

(7) The provisions of Section 4-6 and 4-7 apply to members ending in the enterprise after the rule of regulations, nonetheless, so that Section 4-7 first clause of entry to the transfer of premiererve to individual The pension insurance deal after the tax law, also applies to charter policy issued in accordance with prior current rules.

(8) In relation to pension arrangement created before the law is in effect, Section 4-11 to 4-13 only people who have been members after the rule of regulations have been changed as mentioned in the first clause.

(9) For pension arrangement created prior to the Act of the Act, Section 5-1 to 5-6 from the time regulations have been changed according to the first clause. The provisions of Section 5-1 third joints apply to workers who have reached the retirement age after this time.

(10) The provisions of Section 5-7 are not to hinder the pension arrangement created before the law is in effect, releads regulations on the pension plan that will be in violation of Section 5-7, for as far as people who were member of the pension arrangement when The law stepped into effect. Reguulation of pensions after Section 5-10 to 5-12 will be performed the first time after the retirement fund has been attributed to earnings after Section 8-5 other clauses.

(11) For pension arrangement created before the law stepped into effect, the provisions of the chapters of 6 and 7 from the point of regulations have been changed according to the first clause.

(12) The provisions of Section 8-2 different joints are not to the hurdle of pension to Workers or their successors that have received such disbursement before the law is in effect, still not out over a period of three years from this time.

(13) The provisions of Section 8-5 apply the distribution of surplus that is being attributed to the pension arrangement from and with the first calendar year after the law is in effect.

(14) If a pension arrangement created before the law stepped into effect, premierve will have premiums after Section 9-1 that is not sufficient if earned retirement for all members is calculated after Section 4-2 first clause on the basis of overall service time in the enterprise, shall The missing premierve is being conveyed from the premierit or from the enterprise within 10 years after the law is in effect. At least 20 percent of missing premierve will be covered within 3 years, at least 40 percent within 5 years and at least 80 percent within 8 years. Is not at least half of this missing premierve deck within 5 years after the law stepped into effect, to surplus the Section 8-5 first clause attributed to the premiernet until the missing premierve is covered, with less otherwise determined of the SEC after Section 2-7.

(15) Section 9-2 third clause applies to the equivalent of recording of new groups of workers as a result of the provisions of Chapter 3.

(16) For pension arrangement created before the law stepped into effect, prize after Section 9-2 is calculated on the basis of service time after the rule of regulations has been changed as mentioned in the first clause.

(17) Midler in the prize-fund that exceeds the limit in Section 10-4 first joints should within two years after the law is in effect to cover up missing premiererve as mentioned in 14. clause and by the way, transfer to the enterprise.

(18) Return of funds in premieronit according to Section 10-4 other clause cannot be taken until missing premiererve as mentioned in 14. clause is covered.

(19) At the Applicability of Section 10-4 first and second clause of the 10 first years after the law is in effect, the limit of the prize fund should be calculated on the basis of the year's prize and prize for the four preceding years, but so that The prize for a single year is not set lower than half the prize in these five years where the prize is highest.

(20) For pension arrangements established before the law is in effect, Section 11-1 and 11-3 from the time regulations of pension arrangements have been changed in accordance with the first clause.

(21) The provisions of the chapters 13 to 15 do not apply to appointment or decision regarding merging, sharing or deviation struck or hit before the law is in effect. The agreement or decision must be implemented at the latest two years after the law stepped into effect. The deadline in two years in Section 14-3 fourth clause is counted from the time the law took place in effect. Prior to the distribution of the funds in premieronit according to Section 15-3 third joints, premiums will first be used to cover up missing premiererve as mentioned in 14. clause. The same applies to the transform after Section 15 -6.

(22) Midler in prize funds as mentioned in Section 16 Section 6 in regulation of 28. June 1968 # 3 about private service policy arrangements in accordance with the Tax Law Section 44 first clause k, shall be transferred to the pension's prize fund within five years after the law stepped into effect. The Scripture Section 17 applies to the equivalent.

(23) For pension funds created before 1. July 1968 applies to the provisions of Section 16 Section 7 and Section 17 in regulation of 28. June 1968 # 3 about private service service arrangements in accordance with the Tax Act Section 44 first clause k. For pension funds that are suppering fund after Section 9 in the regulation applies to the provisions of Section 17.

(24) Within 5 years after the year law of venture pension is in effect, pension regulatory funds should be discontinued by the funds in the fund used for pension regulation in accordance with the policy of the pension arrangement, or transferred to The prize fund associated with the enterprise's venture pension arrangement.

(25) The King determines the rest of the transition rules.

0	Modified by laws 21 des 2000 # 107 (ikr. 1 jan 2001 ifg. res. 21 des 2000 # 1353), 19 des 2003 # 121 (ikr. 1 jan 2004 ifg. res. 19 des 2003 # 1767), 15 June 2007 # 28 (ikr. 1 July 2007 ifg res. 15 June 2007 # 652), 19 June 2009 # 48 (ikr. 21 des 2009 ifg res. 18 des 2009 # 1603).

Part Article SECTION 16-3. Changes in other laws

A

From the time the law takes effect, the following changes are made in other laws :---

1	In law of 26. March 1999 # 14 about tax on fortune and income (tax law) is made the following changes :---

Section 6-46 should sound :---

2.	Cross-over rules to Section 6-46 shall obey :

(1) If the prize reserve associated with a venture pension arrangement by the law of law enforcement is not sufficient to secure pension benefits as a result of this calculated after the regulations that apply after the law is in effect, and service time from the time before the law stepped into effect on the calculation, the following, the company can in these cases take advantage of funds in premiums to cover up missing premierve, or cover this one on addition from the enterprise if this is done before The expiration of ten years after the year law of venture pension was stepped into effect. For such supplements, the enterprise may require reductions as prize after law of 26. March 1999 about tax on fortune and income Section 6-46.

(2) Pension funds by law of 18. August 1911 # 8 about tax on fortune and income Section 44 first clause letter k which is staging funds as mentioned in Section 10 in regulation of 28. June 1968 # 3 about private service arrangements by the tax law of 1911 shall be retaken to the enterprise if the venture pension arrangement has not been established within three years after law of venture pension is in effect. Amounts withheld to the enterprise shall be taken to income in the backtransfer year.

(3) Pension funds after the tax law of 18. August 1911 # 8 Section 44 first clause letter k which is suppering fund after Section 9 in regulation of 28. June 1968 # 3 about private service service arrangements by the tax law of 1911, and corresponding pension funds created before 1968, shall be discontinued within three years after law of venture pension is in effect if the enterprise has venture pension arrangement. The funds in the supplement fund should in the event of the pension arrangement. Framission court after law of 26 March 1999 about tax on fortune and income Section 6-46 applies to the addition of supplement funds that should not be discontinued, nonetheless not for more than three years from and with the income-year law on enterprises taking effect.

(4) The Ministry may determine the rest of the transition rules in connection with the review of law on venture pension.

Part Article