PA 03 - Occupational pension and National retirement pension Section for salaries and pension

for salary and pensions Source: SVD:s pensions guide

PA 03 agreement retirement pension survivor´s pension disabilaty pension Section for salaries and pension

Retirement pension defined-contribution pension 1.Individual retirement pension 2.Supplementary retirement pension defined-benefit retirement pension Section for salaries and pension

Individual retirement pension Earn from the age of 23 2,5% of the salary you receive every month until the retirement age of 65 Personal choice of how the pension should be invested and managed ( 1.traditional or unit-linked insurance 2.insurance company 3.with or without repayment cover Lifelong payment, earliest from the age of Section for salaries and pension

Supplementary retirement pension (Kåpan tjänste) Earn from the age of 23 2% of the salary you receive every month until the retirement age of 65 possible to choose repayment cover but not how the pension is managed or type of insurance. normally payed over a period of five years, earliest from the age of Section for salaries and pension

Defined-benefit retirement pension Earn from the age of 28 What affects the amount? 1.the length of your pensionable time of service 2.60% of the component of your pensionable salary between 7,5 and 20 income base amounts (present amount SEK) 3.Special transitional provitions: born between 1943 and 1972 (born between 1946 and 1976 for employees at Chalmers) Section for salaries and pension

Pensionable time of service In order to receive a full amount, your time of service in employment with government pension entitlement have to amount to 30 years. Less time will give you a part of a full pension (Pensionable service factor, for example 180/360) Time of employment, including part time counts. Requires that you are employed for at least 20% of full time Section for salaries and pension

pensionable income and pensionable salary Pensionable income includes: 1.your fixed salary 2.other cash emoluments (not overtime compensation) 3.benefits in kind in the form av board and lodging Pensionable salary: - the average pensionable income for the five calendar years immediately preceding the year of retirement (65) Section for salaries and pension

Vested benefit What happens If you don´t stay in government employment until the age of retirement? You will receive a vested benefit which amounts to what you have earned in pension rights during your time of employment Section for salaries and pension

for salaries and pension Special transitional provitions if you are born If you are employed at Chalmers the percentages correspond to the age group

How to aply for pension if you live outside Sweden Notification of a move from Sweden shall be given in writing to the Swedish Tax Agency. SPV should also be given notice of a change of address abroad. Application form, see Give the bank in Sweden, at the moment Nordea Bank, notice to which bank they can transfer your money. Certificate of existence Section for salaries and pension

Survivor´s pension Survivor´s pension for adults Survivor´s pension for children Group life insurance Section for salaries and pension

Disability pension A supplement to sickness compensation from the Swedish Social Insurance Agency (Försäkringskassan). Full or partial compensation corresponding in scope and term with the decision made by Försäkringskassan Section for salaries and pension

National retirement pension Income pension Premium pension (individual choice) Guarantee pension (complement to earnings-related pension) Section for salaries and pension

How you earn your national retirement pension Section for salaries and pension Salary Sickness benefit Parental benefit Unemployment benefit Sickness- or Activity compensation Activity grant Pensionqualifying amounts (years spent with children, higher studies) 18,5 % 2,5 % 16 % Government manage the income pension Premium pension - Individual choice

Individual information ( Section for salaries and pension

Decide for yourself when to retire 61 year of age The later you retire, the higher your pension will be Work and receive pension at the same time Full pension or partial pension You have to aply for your pension! Section for salaries and pension

How to aply for pension if you live outside Sweden EU/EEA/Switzerland A country outside EU/EEA/Switzerland with which Sweden has an agreement Other country Section for salaries and pension