Many Swedish pensioners have a pension that comes from several different sources. Partly the general pension that everyone who has worked or lived in Sweden is entitled to. Part occupational pension that the employer sets aside from your salary during your working life.
In addition, many private individuals have their own savings through insurance companies or banks where the money is saved in the form of funds, shares or securities, until the day they are needed, according to The Pensions Authority.
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This year, roughly 2.3 million people received a general pension – which, among other things, can include income pension and premium pension. Which amounted to an average of SEK 15,600 per month before tax in July 2024.
But many receive a higher pension than that because they have an occupational pension and a private pension. During the past year, the average total pension before tax was SEK 22,700 per month.
And next year, 563,000 pensioners will get extra cash.
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It is the occupational pension company Alecta, which was founded in 1917, that chooses to increase the defined benefit pension.
– During a period of very high inflation, customers with defined benefit pensions at Alecta have been fully compensated. In the past year, we have had a significantly lower inflation rate and this is reflected in the increase of 1.6 percent for 2025, says Staffan Strömpension economist at Alecta, in one press release.
More precisely, it is the defined benefit occupational pension ITP 2 that will be increased by 1.6 percent on January 1, 2025. Those who will receive the increase are the company’s 563,000 ITP pensioners.
But the increase is also calculated on the value of earned pension that has not yet started to be paid out. Which means that an additional 949,000 customers get to share in the cake.
There is a total of SEK 10 million to be distributed among the approximately 1.5 million customers.
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