The government made a decision on Friday to set the target age for retirement for 2030 at 67 years. It is the same age as it was previously determined to be.
– The fact that we are living longer and are healthy as we age is of course very positive. At the same time, it poses challenges, as the earned pension must last for a longer period of time. In order to strengthen one’s finances and make the pension sufficient, it is therefore necessary that the working life be extended, says the elderly and Minister of Social Security Anna Tenje in a press release.
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The 66-year rule affects your pension
News24 has previously written about the so-called 66-year-old rule, and what it means for the pension to stop working before the target age.
Depending on how early you choose to stop working, this means a difference of between 300 and 900 kroner in less pension per month, for life.
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Photo: Janerik Henriksson/TT Longer working life means higher pension
On the other hand, continuing to work after the target age is really profitable, even if you only work part-time. A new report from Skandia “Working life – about combining work with retirement”shows how much higher the pension will be from working part-time for two, respectively four years, after the age of 67.
– This report shows what a longer working life means for getting a good pension. Working until the target age has a clear positive effect on pensions, but what we are now showing is also the incredible power there is in keeping one foot in working life even after that, says Mattias Munter, pension economist at Skandia in a press release.
Increase the pension by SEK 12,000 per month
Skandia has based its two examples on a 1960s model.
The report shows that those who choose to work part-time (50 percent) two years after the target age increase their pension by SEK 4,000 per month for a public employee, and for white-collar workers the same figure is SEK 6,000.
For those who work part-time for four years, the difference is instead between SEK 6,600 and 12,000.
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