 The new regulations of the new "Flexible Retirement Act" (Ny fleksibel alderspensjon) have been implemented gradually since 2010.The reason for introducing new regulations in the retirement plans schemes was to be able to maintain a sustainable pension system which would be capable of handling an increase in the number of retired Norwegians/higher life expectancy, while at the same time fewer children are born.The pension reform is therefore intended to encourage more people to stay for a longer period in the workforce after retirement age.