Parent - Born 1988 or after
As a new parent there are some things to consider.
You will keep on earning into your occupational pension
When you are on parental leave you will keep on earning into parts of your occupational pension as long as your parental leave is according to the Parental leave law (föräldraledighetslagen) in Sweden. It is not required to receive benefit from Försäkringskassan for this to be applicable. You will also earn into the occupational pension if you receive pregnancy benefits before the child is born. This is how you earn into the different parts of you occupational pension while paternal leave:
- You will keep earning into the selectable part
- You will keep earning into Kåpan Tjänste
- You will not earn into Kåpan Flex but if you have any paid out salary you will earn into this part dependent on the size of your salary.
Do you need repayment cover?
Repayment cover means that you family will receive the money from your pension if you pass away. Within one year after you child's birth you can add repayment cover for all the money in the selectable part and Kåpan Tjänste. You can always add repayment cover for future premiums. How much will be paid out depends on the money that has been paid in to the insurance. Your own pension will be somewhat lower with repayment cover.
How to change your repayment cover
If you wish to add or remove repayment cover this needs to be changed with the insurer that manages the money. For Kåpan Tjänste it is Kåpan Government Employees Pension Fund and for the selectable part it can be different depending on the insurer that you have selected.
You can see which insurer(s) that you have selected on your annual statement (Årsbesked).
Who will receive your money if you pass away?
If you have repayment cover your spouse, registered partner or cohabitant will receive the money, if none exists your children will receive the money. If your family situation changes it could be an idea to double check in which order your family will receive the money.
You can change who will receive the money or how they will be split between beneficiaries. This by a specific beneficiary clause with the insurer that manages the money.
In a specific beneficiary clause you can also chose former spouse, former registered partner, former cohabitant or their children or their foster children.
You can see which insurer(s) that you have selected on your annual statement(Årsbesked).
Change beneficiary for your group life insurance
It is your spouse, registered partner, cohabitant or your children that will receive the money from your group life insurance if you pass away while in state employment. You can change in which order your family would receive money. That is by a specific beneficiary clause. If you wish to have a specific beneficiary clause please contact our Customer Service.
Part time parental leave
If you are on part time parental leave according the parental leave law you will still earn into your occupational pension as you would have been working full time. If you have salary increment for your paid out salary that would also be pensionable. If you have so called föräldrapenningtillägg from your employer that would not be pensionable.
Your employer manages this with their salary system and it is not reported to SPV.
Example - Part time parental leave according to parental leave law
Charlie has a part time leave of 25 per cent. Charlie has a salary of 28 000 SEK when working full time and when working part time a salary of 21 000 SEK.
- The selectable part payment is 2,5 per cent of the salary when working full time, meaning 28 000 SEK. Pay in to the selectable part will then be 700 SEK.
- The part Kåpan Tjänste payment is 2 per cent of the salary based on working full time. Pay in to Kåpan Tjänste will then be 560 SEK per month.
- The part Kåpan Flex payment is 1,5 per cent of the salary that is paid out. If 21 000 that would mean 315 SEK per month.
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