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HISTORY

MAIN HAPPENINGS IN FOLKETRYGDFONDETS HISTORY

Folketrygdfondet (the National Insurance Scheme Fund) is established to manage the surpluses in the National Insurance Scheme.
The surpluses in the National Insurance Scheme turn to deficits, and 1979 is the final year with a transfer from the National Insurance Scheme to Folketrygdfondet.
The management of Folketrygdfondet was initially divided into five regions with separate boards. In 1990 the regional boards were wound up, and Folketrygdfondet was organised directly under the Ministry of Finance.
The Government Pension Fund is established as a superstructure encompassing the Government Pension Fund Global (the "Oil Fund") and the Government Pension Fund Norway. The name Folketrygdfondet from now on refers to the organisation managing the Government Pension Fund Norway.
Folketrygdfondet receives a new mandate for the management of the Government Pension Fund Norway.
Folketrygdfondet is transformed to a company by special statute under the Ministry of Finance. This marks a clear delineation between the capital (Government Pension Fund Norway) and the manager of this capital (Folketrygdfondet).
The Government Bond Fund is established during the financial crisis to improve the functioning of the bond market. Folketrygdfondet is tasked with managing the bond fund, which from 2014 is in the process of being wound up.

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