Pension ABC

When you become a government employee in Sweden you also become a member of the occupational pension agreement PA 03. Your employer pays in money for your government occupational pension. The government employee pension consists of three parts; a defined benefit pension, a complementary retirement pension (Kåpan Tjänste) and an individual retirement pension. It also includes a survivor pension that means that your family will receive money if you die.

As a government employee, you are also insured and have service group life and personal accident insurances. You may also be entitled to a disability pension if you become ill over an extended period of time.

The government employee pension includes a defined benefit pension, a complementary retirement pension (Kåpan Tjänste) and an individual retirement pension. Not all government employees have all three parts, and the parts' functions are a little different.

The three parts of your government employee pension are:

Defined benefit retirement pension
The size of the defined benefit retirement pension depends upon your salary, how many years you have been employed and the year you were born. You will receive a defined benefit pension if you were born before 1973 or have a salary that is above 7.5 income base rate. You cannot begin to draw your defined benefit pension earlier than when you are 61 years. There is no upper limit.

Complementary retirement pension (Kåpan Tjänste)
Every month, your employer pays into a sum equivalent to 2 percent of your salary into a complementary retirement pension fund. It is managed by Kåpan Pensioner in a traditional insurance scheme. You can select repayment cover on this part, in which case the money will go to your spouse, partner or children if you die. Kåpan Pensioner pays the complementary retirement pension to you from the age of 65 and for five years, or for life if you so choose.

Individual retirement pension
Every month, your employer pays into a sum equivalent to 2.5 percent of your salary into an individual retirement pension fund. You choose yourself which insurer will manage your money. Your insurer will usually pay out your individual retirement pension from the age of 65, for the rest of your life. You can select repayment cover on this part, in which case the money will go to your spouse, partner or children if you die. If you do not choose who will manage your money, it will be placed in a traditional insurance scheme with repayment cover at Kåpan Pensioner.

There are some things you need to consider about two of the constituent parts of the government employee pension:

Select the insurance company and repayment protection for your individual retirement pension
In this part, you can choose how the money should be invested and managed. You choose yourself the type of savings scheme and which insurer will manage your money. If you do not choose, your money will be placed in a traditional insurance scheme with repayment cover at Kåpan Pensioner. You also select whether to have repayment cover. Repayment cover means that money goes to your spouse, partner or children if you die.

Choose whether you want repayment cover for your complementary retirement pension (Kåpan Tjänste)
Your complementary retirement pension has no repayment cover, but you can add to it if you want the money to go to your spouse, partner or children if you die.

If you change your employer, but still are a government employee, the membership with the scheme will be continued. The length of the period of employment time does not matter. You are always insured from the first day of employment.

If contributions are no longer paid, your annuity from the defined benefit and the defined contribution is deferred. In all cases, you retain your pension entitlements. All you need to do is keep us updated on your address and we will continue to send you the annual statements on your pension. At present, it is not possible to transfer your Swedish government employee pension to another pension scheme.

If you have any questions about your government employee pension, please contact the National Government Employee Pension Board's customer service on +46 60 18 74 00.

Contact our Customer Service on + 46 60 18 74 00 when you start thinking about drawing your government employee pension and in good time before your 65th birthday.

No, if you are covered by the PA 03, then you have pension rights from your first day of employment.

It is not possible to say how much you will get. This depends on such different factors as salary, age, how long you have worked for and how high your income was. If you have a Swedish e-ID, you can log onto www.minpension.se to see a predicted value.

Your family can receive the money from your pension if you die. Usually, your spouse, partner or children will receive the money. It is important that you notify the Swedish Tax Agency in Sweden of your new address every time you move. If you die, we use the Swedish Tax Agency's addresses to contact your relatives.

Contact our Customer Service on + 46 60 18 74 00 when you start thinking about drawing your government employee pension and in good time before your 65th birthday.

It is not possible to say how much you will get. This depends on such different factors as salary, age, how long you have worked for and how high your income was. If you have a Swedish e-ID, you can log onto www.minpension.se to see a predicted value.

If you have any questions about your government employee pension, please contact the National Government Employee Pension Board's customer service on +46 60 18 74 00.

When you become a government employee in Sweden you also become a member of the occupational pension agreement PA 16 section I. Your employer pays in money to your occupational pension from government employment. The occupational pension consists of three parts, Kåpan Tjänste, Kåpan Flex and the selectable part. It also includes a survivor pension that means that as long as you are employed your family could receive money if you die.

You are also insured through your employment, which means that you or your family could receive money if, for example, you become ill or in the event of your death.

If you were born in 1988 or later, you belong to PA 16 Section I.

Your employer pays money equivalent to 6 percent of your wages into your occupational pension. If your wages are greater than 38,438 SEK a month, your employer pays in 31.5 percent of your wages from 38,439 SEK and up. You are also insured through your employment, which means that you or your family could receive money if, for example, you become ill or in the event of your death.

The three parts of your occupational pension from government employment are:

• The selectable part
  • The selectable part is called like this because the employee choose the insurer who will administer this part. You do not need to choose if you do not wish to. If you do not make a choice, the money is placed into a traditional insurance scheme called Kåpan Valbar without repayment cover with Kåpan. Your employer pays money equivalent to 2.5 percent of your wages, up to 38,438 SEK a month to your selectable part. If your wages are higher, your employer pays in 20 percent of your wages from 38,438 SEK and up.
• Mandatory retirement pension (Kåpan Tjänste)
  • Your employer pays money equivalent to 2 percent of your wages into your occupational pension, up to 38,438 SEK a month. If your wages are higher, your employer pays in 10 percent of your wages from 38,438 SEK and up. The money goes into an insurance called Kåpan Tjänste.
• Flexible retirement pension (Kåpan flex)  
  • Your employer pays money equivalent to 1.5 percent of your wages into your occupational pension (after deductions from wages). You can use this part to cut down on work time before you retire.

There are some things you need to consider about the parts of your occupational pension from government employment:

Choose how one part is managed

As a new employee, information on the selectable part will be sent to your home. You will choose how it is to be managed by selecting the form of savings, the insurer, and whether it will be with or without repayment cover. If you do not make your own choice, the money is placed into a traditional insurance scheme without repayment cover with Kåpan Pensions. If you later wish to change your selection of insurance company or to move capital, you may do so.

Think about whether or not you need repayment cover

Repayment cover means that your family will receive your pension in the event of your death. The money is most often paid out over five years. How much money your family receives depends on the amount you have earned in.

You can have repayment cover on your Kåpan Tjänste, Kåpan Flex and on your selectable part. If you don´t have a repayment cover your pension will be a bit higher depending on that you will receive money from those who died and did not have a repayment cover on their insurances.

If you change your employer, but still are a government employee, the membership with the scheme will be continued. The length of the period of employment time does not matter. You are always insured from the first day of employment.

If you terminate your government employment you retain your pension entitlements. The money that you have saved for yor occupational pension from government employment will remain among SPV and Kåpan Pensioner. All you need to do is keep SPV updated on your address and SPV will continue to send you an annual notification for your occupational pension from government employment. At present, it is not possible to transfer your Swedish occupational pension to another pension scheme.

Contact our Customer Service on + 46 60 18 74 00 when you start thinking about drawing your government employee pension and in good time before your 65th birthday.

No, if you are covered by the PA 16 part I, then you have pension rights from your first day of employment.

It is not possible to say how much you will get. This depends on such different factors as salary, age, how long you have worked for and how high your income was. If you have a Swedish e-ID, you can log onto www.minpension.se to see a predicted value.

If you die your family can receive money. This money could come from a survivors' pension, repayment cover, or occupational group life insurance. Your family may have the right to one or more types of compensation.

Usually, your spouse, partner or children will receive the money. It is important that you notify the Swedish Tax Agency in Sweden of your new address every time you move. If you die, we use the Swedish Tax Agency's addresses to contact your relatives.

Contact our Customer Service on + 46 60 18 74 00 when you start thinking about drawing your government employee pension and in good time before your 65th birthday.

It is not possible to say how much you will get. This depends on such different factors as salary, age, how long you have worked for and how high your income was. If you have a Swedish e-ID, you can log onto www.minpension.se to see a predicted value.

If you have any questions about your occupational pension from government employment, please contact the National Government Employee Pension Board's customer service on +46 60 18 74 00.