Component documentationPension Handling

 

This component enables you to calculate employee and employer contributions towards SPK and KLP pensions in the Norway Municipality Sector.

  • SPK

    The system calculates both employee and employer contributions on a monthly basis. The calculations take place only if the employee fulfills the required working percentage for the month. If the minimum weekly working hours are zero,the system considers the minimum working percentage as zero.

    If relevant, the system also calculates extra employer contributions.

  • KLP

    • Temporary Employees

      In the case of employees defined as temporary for KLP, the system calculates only the temporary deductions in normal periods. At the end of the quarter, if the employee has the minimum required hours, the system calculates the employee contributions, employer contribution and extra employer contributions. The employee receives the temporary deductions at the end of the quarter.

    • Permanent Employees

      In the case of employees defined as permanent for KLP, deductions take place on a monthly basis. The system, every month, calculates the employee contributions, employer contributions, extra employer contributions and temporary deductions for the quarter. At the end of the quarter, the system checks whether the employee meets the minimum required hours for the quarter and calculates the pension deductions for the quarter. The employee receives the temporary deductions at the end of the quarter.