How much your pension will increase in 2026
This year’s social security settlement has been finalised. From 1 May, the National Insurance basic amount (G) is NOK 136,549. Retirement pension from the Pension Scheme for the Pharmacy sector (POA) will increase by 4.69 per cent. Payments based on the new rates will be made in July, including back payments for May and June.
The POA board determines pension adjustments. Pensions in POA are adjusted every year to help maintain their value over time. This happens automatically, and you do not need to do anything.
The National Insurance basic amount will increase by 4.91 per cent and will be NOK 136,549 from 1 May 2026.
Disability pension and retirement pension that you are earning are adjusted in line with the National Insurance basic amount, while retirement pension that is being paid is adjusted in line with the average of wage growth and price inflation. This gives the following increase from 1 May:
- Retirement pension, AFP and retirement pension for special age limits will increase by 4.69 per cent. The same applies to survivor’s pension if you are aged 67 or over.
- If you receive disability pension, or if you are under 67 and receive survivor’s pension, your pension will increase by 4.91 per cent.
Read the Government’s press release about the social security settlement (In Norwegian)
Some pensions will increase by a different percentage
If you have started drawing retirement pension, AFP or retirement pension for special age limits during the past year, your pension will increase by a different percentage than 4.69. The same applies if you are over 67 and have started receiving survivor’s pension during the past year.
Pensions will be adjusted from 1 May – back payments will be made in July
The increase applies from 1 May. If you receive a pension from us, you will receive the increased pension from the July payment onwards. You will also receive back payments for May and June in a separate payment during July.
The new National Insurance basic amount and adjustment rates will be formally adopted by royal decree on Friday 22 May 2026.