CMS Kluge | Norway | 13 Sep 2021
On the 3rd of September 2021, the Ministry of Finance released a proposal for several changes to the Petroleum Tax Act. The Government proposes a…
CMS Kluge | 25 Aug 2010
New legislation regarding national insurance retirement pensions has been enacted and will come into force in 2011. The reform provides more flexibility and offers a number of new options for drawing retirement pensions. The most significant changes are the options to (i) claim pension benefits from the age of 62, and (ii) combine earned income with a retirement pension without reducing the......
CMS Kluge | 9 Jun 2010
In a case between Fokus Bank and a group of employees, the Norwegian Supreme Court recently ruled that the bank could, by unilateral decision, terminate a performance-based pension plan and transfer the employees to a contribution-based pension plan. However, the judgment should not be taken as a green light for all employers which are considering implementing equivalent changes.