Your pension consists of several parts. You can take out parts of it from the age of 61. You must apply yourself and decide how and when you want to take out your pension.
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The retirement age for government employees is 65 years. It is reached at the end of the calendar month before the month in which the employee reaches the age of 65. The age limit that applies for the right to remain employed is currently 68 years; on 1 January 2023 it will be changed to 69 years. Six to eight months before the employee turns 65, a pension letter is sent to her/his home address. The employee must then notify her/his manager of when she/he plans to retire.
Further information can be found on the website of the Swedish Pensions Agency.
At minpension.se you can get a personal forecast of your total pension.
Occupational pension for government employees
National public pension
The national public pension consists of income, premium and guarantee pensions. Throughout your life, you earn money towards your national public pension – when you work, study, carry out military service or have young children.
Further information about the pension system can be found at the Swedish Pensions Agency, which also sends out the orange envelope every year with information about your national public pension.
Partial pensions have existed as an opportunity, but not a right, in the government sector since 2003. These guidelines are intended for employees born before 1988 who are covered by PA 16 Section II and thereby the partial pension agreement.
The purpose of the partial pension agreement is to enable the employer, under the terms of the agreement, to give older employees better opportunities to continue to work up to the normal retirement age. Fewer early retirements among other things make it easier to transfer competence in conjunction with a generational shift.
As in all other operational decisions, in decisions on partial retirement the employer’s primary consideration has to be the needs of the organisation and its financial prerequisites. In making a decision on partial retirement, account has to be taken of the prerequisites of the organisation, including both financial scope and the employee’s situation. The partial pension agreement assumes that decisions on partial pensions are made following an individual assessment.
The agreement on partial pensions for government employees, Circular 2003: A 4, 2003-11-12, and comments on the partial pension agreement can be found on the website of the Swedish Agency for Government Employers, www.arbetsgivarverket.se.
The conditions for partial pension can be found in The Rules for Partial Pension at KI.
If you become ill and receive a sickness benefit or activity compensation from the Swedish Social Insurance Agency, you may be entitled to a disability pension through PA 16. The amount of the disability pension depends on your pension basis and the scope of your sickness benefit. It doesn’t matter how long you have been working.
If you have left your position and are ill, you may be entitled to a disability pension, as a post-cover is included in PA 16.
Survivor’s pension and life insurance
SPV administers occupational group life insurance and survivor’s pensions.
Group life insurance (TGL-S)
The insurance provides financial protection for the insured individual’s spouse, registered partner, cohabitant and children. If the insured individual’s spouse, registered partner or cohabitant dies and does not have her or his own occupational group life insurance, the insurance also provides a certain amount of coverage for the insured individual.
Benefits that can be provided under TGL-S include:
- Funeral assistance
- Basic amount
- Child amount
If the beneficiary dies, her/his spouse, registered partner, cohabitant and children under the age of 20 may, under certain conditions, have the right to a survivor’s pension (family pension).
The compensation is paid out on as a monthly amount on a fixed-term or life-long basis.