In September, a total of 453,000 people were registered as unemployed in Sweden. However, they do not need to worry very much about the pension, they say Trifa Chirehpension economist at Länsförsäkringar.
Becoming unemployed does not have to be devastating for the pension.
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Two years of unemployment gives a reduction of SEK 500 a month as a pensioner
– You don’t have to worry that a period of unemployment will significantly affect the pension, especially if you have A-kassa, she says in a press release.
Namely, the A-fund is pensionable.
However, what is lost when you become unemployed is the occupational pension.
According to Chireh at Länsförsäkringar, this is an average reduction of around SEK 500 per month if you are unemployed for two years.
Länsförsäkringar, logo. Photo: Helena Landstedt/TT. Arbetsförmedlingen. Photo: Johan Nilsson/TT.
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This is how much you lose in retirement – if you are unemployed
Länsförsäkringar has also included some calculation examples. All examples assume that the person who becomes unemployed has unemployment insurance.
If you, with a salary of SEK 28,900, become unemployed when you are 40 years old, and retire at the age of 67, the pension will not be affected at all if you are not unemployed for more than a year. It then ends up at SEK 17,767 a month before tax. If you have been unemployed for over a year, the pension will be smaller and will amount to SEK 17,594 a month. The same figure for two years of unemployment is SEK 17,375 before tax.
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If you earn SEK 37,900 a month and retire at 67, you have an approximate pension of SEK 23,300 before tax. If he becomes unemployed at the age of 40 and remains unemployed for over a year, the monthly income under the pension ends up at SEK 23,033. Two years of unemployment gives a pension of SEK 22,666 a month.
A person with a salary of SEK 45,200 who becomes unemployed at the age of 40 for just a few months has a pension of SEK 27,684 a month before tax, according to County insurances. If he is unemployed for more than a year, the pension ends up at SEK 27,410 a month. The same figure for two years is SEK 26,993.
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