The selectable part – born in 1988 or later
Each month, your employer pays money into the selectable part of your occupational pension. You can choose how the money is managed. Your employer pays money into the selectable part from the first day of your government employment, and at the longest until you turn 68 years. From 1st of January this will be raised to 69 years.
Your employer pays 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 44 375 SEK and up.
Example: This is how much your employer pays
Annika earns 46 000 SEK a month. Her employer pays the equivalent of 2,5 percent of her wages up to 44 375 SEK and 20 percent of her wages from 44 375 to 46 000 SEK (1 625 SEK).
44 375 * 0,025 = 1 109 SEK
1 625 * 0,20 = 325 SEK
Total: Annika's employer pays 1 109 + 325= 1 434 SEK each month into Annika's selectable part.
The amount of 44 375 SEK is the sum of 7,5 income price base amount (divided by 12), which is what the calculation is based on.
As a new employee
When entering into government employment, you select how this part is managed. You only need to select if you wish to. If you do not make your own selection, the money is placed into a traditional insurance without repayment cover with Kåpan Pensioner called Kåpan Valbar. If you wish to change your selection, you may do so. To make a selection you can either download the PDF or order the form to your address.
If you want to make a new selection
You can change your selection, and choose another insurer to manage your money. To make a selection you can either download the PDF or order the form to your address.
These are the choices
Type of savings
You should choose between traditional insurance or unit-linked insurance. If you choose traditional insurance the insurer chooses how your money is invested. If you wish to choose how your should be invested you can choose unit-linked insurance. Choose which ever fits you the best.
With traditional insuraqnce it is the insurer that determines how your money is placed and managed. The insurer places the money in e.g. interest-bearing securities, shares and real estate properties and takes care of the administration. You always have a guaranteed pension. The guarantee differs between various insurers. It can involve e.g. a guarantee that promises you will get back your deposited money when you retire. If the insurer manages the money better than what they promised in the guarantee, you can get bonuses, that is to say that you would receive a higher pension than the guaranteed pension.
Unit-linked insuranceWith unit-linked insurance you decide how your money should be placed by selecting one or more funds. Money placed in funds can both decrease and increase in value, and therefore, no pension is guaranteed. This means that you might recieve less money than you have deposited into the funds, however should the market be doing well your money can increase in value. If you select an insurer that offers unit-linked insurances, your money is firstly places in a so-called entry solution. The insurer you have selected then contacts you so you can choose between the funds which the insurance company offers.
You can select the insurance companies that are connected to collective agreement PA 16.
- Kåpan Pensioner
- Futur Pension
Repayment cover means that your family members receive your pension in the case of your death. It is your wife, husband, partner firstly and your children secondly that will recieve the pension. You can also chooce your previous wife, husband, partner or children to any of these as beneficiaries of the pension. If you choose to place a repayment cover on your insurance your own pension will be lower as you do not receive inheritance gain.
You can change your mind and add the repayment cover later. The rules to add repayment cover later can vary between different insurers. To change repayment cover contact your insurer.
Remember that you, via your employment, have a financial protection in the form of survivor's pension and service group life insurance for your survivors.
If you want to move your money
If you want to, you can move your money from one insurer to another, or to another form of savings with the same insurer. To move your money please contact our Customer Service at 020-51 50 40 for more information. If you're calling from abroad call our switchboard at +4660-18 74 00. From there you will be transferred to our Customer service.
If your government employment ends
If your government employment ends, your employer will stop paying in money to the selectable portion. The money you have earned, however, will remain with the insurer managing your money until it is time for you to retire.
You can withdraw the pension at the earliest when you reach the age of retirement in Sweden
The money is paid out every month for as long as you live. To start taking out your money, you contact the insurer that is managing it. If you have not made a selection, your money is with Kåpan Pensioner; contact them to start taking out your money. If you have not started taking out your pension within three years of turning 68, you money will be paid out to you automatically.
The selectable part in brief
- You can choose which insurer will manage your money.
- If you do not make your own choice, the money is placed into a traditional insurance scheme without repayment protection with the insurer Kåpan Pensioner (Kåpan Valbar).
- The selectable portion is sometimes also called Ålderspension valbar.
- It can be paid out starting from when you turn 62.
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