In Sweden, there is a so-called reference age that governs at what age you get access to the various parts that are included in the general pension.
This standard age is adapted based on the rising average life expectancy in Sweden and is intended to prevent pensions from becoming lower as Swedes get older on average.
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How is the target age for the national pension determined?
The target age is determined each year, but it is not used until six years later. For example, the Riksdag has decided that the target age, between 2020 and 2023, is 67 years. But this is not applied until between 2026 and 2029.
“The minimum age to draw a public pension is three years before the target age, i.e. at the earliest from the age of 64 when the target age is 67. This means that you who were born in 1963 or later will be able to draw a public pension at the age of 64 at the earliest,” writes the Swedish Pensions Agency.
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Forecast for the target age – then you can draw a general pension
Younger generations cannot know which age will apply until the Riksdag has actually made a decision about what applies to the particular cohort you belong to.
Every year, however, a forecast is made for how the target age is believed to develop in the future. This is how it looks for different cohorts according to the latest forecast:
Born in 1960: Your legal age is 67 years. The earliest you can draw a general pension is from the age of 62.Born in 1961: Your legal age is 67 years. You can draw a general pension from the month you turn 63 (2024) at the earliest.Born in 1962: Your legal age is 67 years. The earliest you can draw a general pension is from the month you turn 63 (2025).Born in 1963: According to the forecast, your target age is 67 years and for the year 2027, the target age is decided at 67 years. Therefore, the earliest you can draw a general pension is from the month you turn 64 (2027).Born in 1964: Your target age is 67 years, according to the forecast. For 2028, the target age is set at 67 years. Therefore, the earliest you can draw a general pension is from the month you turn 64 (2028).Born in 1965: Your target age is 67 years, according to the forecast. For the year 2029, the target age is set at 67 years. Therefore, the earliest you can draw a general pension is from the month you turn 64 (2029).Born in 1966: Your target age is 67 years, according to the forecast. The earliest you can draw a general pension is from age 64 (2030).Born 1967 to 1969: Your target age is 68, according to the forecast. The earliest you can draw a general pension is from the age of 64.Born 1970 to 1980: Your target age is 68, according to the forecast. The earliest you can draw a general pension is from the age of 65.Born 1981 to 1983: Your standard age is 69 years, according to the forecast. The earliest you can draw a general pension is from the age of 65.Born 1984 to 1996: Your standard age is 69 years, according to the forecast. The earliest you can draw a general pension is from the age of 66.Born 1997 to 1999: Your target age is 70 years, according to the forecast. The earliest you can draw a general pension is from the age of 66.Born 2000 to 2014: Your target age is 70 years, according to the forecast. The earliest you can draw a general pension is from the age of 67.Source: The Pensions Authority
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