About the pension scheme for the pharmacy sector

The Pension Scheme for the Pharmacy sector is a statutory pension scheme for pharmacy employees. In addition, some employees within the pharmacy sector are associated with the scheme. SPK - The Norwegian Public Service Pension Fund - administers the scheme.

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Key numbers for the scheme

In 2025, the pension scheme paid out NOK 504 million in pensions to about 5,900 pensioners. 1,070 pharmacies were covered by the scheme in 2025. The scheme has approx. 30,800 active and former members.

The history of the Scheme

The Pension Scheme for the pharmacy sector has managed pension rights for pharmacy employees since 1953. However, the story began long before that. As early as in1877 pharmacists had a duty to secure a pension for their widows.

The Norwegian Public Service Pension Fund administers the scheme

The Norwegian Public Service Pension Fund (SPK) administers the Pension Scheme for the Pharmacy Sector on behalf of the Norwegian Department for Employment and Inclusion. Read more about what SPK does. 

Annual report 2025 (In Norwegian)

Read more about the activities for the last year in our latest annual report. The English version will be available soon. 

The POA Board of Directors

POA has its own Board of Directors, which holds overall responsibility for ensuring the pension fund maintains a satisfactory financial position, and that it is administered in accordance with the guidelines issued by the Ministry of Labour and Social Inclusion.

Annual report and financial statements

Here you will find all annual reports for the Pension Scheme for the Pharmacy Sector (POA), as well as the financial statements for the past year. Financial statements for previous years can be found in the respective earlier annual reports.

Asset management

The funds in POA are managed by the Asset Management Department. The purpose of asset management is to ensure that the scheme can meet its long-term obligations without excessive fluctuations in premiums. The objective is to achieve the highest possible return within the available risk capacity. The available risk capacity is defined based on the probability of being able to maintain normal, ongoing operations.