Born 1988 or later - Section 1
Your employer pays into your occupational each month. It could be several thousands each month. Through your employment you have a safety net that in the event of your death pays out money to your family. You might also have the right to a sickness pension in the event that you should become long term ill.
Your money is placed in three different parts
Your occupational pension consists of different parts. If you belong to section 1 of the occupational pension agreement PA 16, you will have three parts in the occupational pension.
The selectable part
Your employer pays in money equivalent to 2,5 percent of your salary, up to 44 375 SEK a month. If your salary is higher, your employer pays in an additional 20 percent of your salary from 44 376 SEK and up.
You can choose how the money should be managed by selecting the form of savings and insurer. You do not have to make a selection if you do not wish to. If you do not make your own choice, the money is placed in a traditional insurance without repayment cover managed by Kåpan Pensioner called Kåpan Valbar.
Your employer pays in money equivalent to 2 percent of your salary up to 44 375 SEK a month into your occupational pension. If your salary is higher, your employer pays in an additional 10 percent of your salary from 44 376 SEK and up.
Your employer pays in money equivalent to 1,5 percent of your salary into this part no matter the size of your salary.
You are insured through your employment
You are insured through your government employment. This means you could receive a sickness pension if you become long term ill. In addition, your family could receive money in the event of your death.
Watch our recorded webinar about occupational pension
This is a recorded webinar about occupational pension in Sweden for state employees. This webinar covers section 1 of PA 16, the collective agreement for occupational pension for state employees.
This is how you can take out your occupational pension
- If you are born 1988 or later and belong to section 1 the age which you can choose to have your occupational pension paid out is the same as the pension age set by the national public pension in Sweden. Today that is 62 years of age, from 1 st of January 2023 this will be 63 years of age.
- The selectable part you can choose life-long payment or under a defined period of at least ten years.
- Kåpan Tjänste you can choose life-long payment or under a defined period of at least five up to twenty years.
- Kåpan Flex you can choose life-long payment or under a defined period of at least one year up to twenty year. This part can also be used if you wish to reduce working hours but keep working when reaching retirment age.
Your occupational pension is covered by collective agreement
Your occupational pension is covered by collective agreement. This means that the occupational pension has been negotiated by the union organizations in the State branch (OFR/S, OFR/P, OFR/O; Saco-S; SEKO) together with the Swedish Agency for Government Employers.
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