The Norwegian Social Insurance Scheme's basic amount
Many of the Norwegian Social Insurance Scheme's payments are determined in relation to a basic amount, often called G.
This is regulated by Parliament as of 1 May every year.
Note: Due to the corona situation, the social security settlement for 2020 has been postponed until the autumn, but the change will apply from 1 May.
The basic amount is also used as a starting point for the calculation of many of the payments made by the Norwegian Public Service Pension Fund, and for coordinating these with the Norwegian Social Insurance Scheme.
As of 1 May, 2019, the basic amount is NOK 99 858 per year and NOK 8 322 per month.