The selectable part
Each month, your employer pays money equivalent to 2,5 percent of your salary into the selectable part of your occupational pension. You earn into this parts until 69 years. You can choose how your money is managed for this part.
This is how much your employer pays in to this part
Your employer pays money equivalent to 2,5 percent of your salary. This is per month until you turn 69 years old.
You can choose if you want to
The money in your selectable part you can choose who should manage if you want to. To make a choice you can either login to Mina sidor at SPV.se (in Swedish) or use the form below.
Mina sidor at SPV.se (in Swedish)
Make your choice for the selectable part (pdf-file, opens i a new window)
These are the choices
Type of savings
You should choose between traditional insurance or unit-linked insurance. If you choose traditional insurance the insurer chooses how your money is invested. If you wish to choose how your should be invested you can choose unit-linked insurance. Choose which ever fits you the best.
Traditional insurance
With traditional insurance it is the insurer that determines how your money is placed and managed. The insurer places the money in e.g. interest-bearing securities, shares and real estate properties and takes care of the administration. You always have a guaranteed pension. The guarantee differs between various insurers. It can involve e.g. a guarantee that promises you will get back your deposited money when you retire. If the insurer manages the money better than what they promised in the guarantee, you can get bonuses, that is to say that you would receive a higher pension than the guaranteed pension.
Unit-linked insurance
With unit-linked insurance you decide how your money should be placed by selecting one or more funds. Money placed in funds can both decrease and increase in value, and therefore, no pension is guaranteed. This means that you might recieve less money than you have deposited into the funds, however should the market be doing well your money can increase in value.
If you select an insurer that offers unit-linked insurances, your money is firstly places in a so-called entry solution. The insurer you have selected then contacts you so you can choose between the funds which the insurance company offers.
Insurer
You can select the insurance companies that are connected to collective agreement PA 16.
Traditional insurance
- Alecta
- AMF
- Kåpan Government Employees Pension Fund
Unit-linked insurance
- AMF
- Futur
- Handelsbanken
- Länsförsäkringar
- SEB
- Swedbank
Repayment cover
Repayment cover means that your family members receive your pension in the case of your death. It is your wife, husband, partner firstly and your children secondly that will recieve the pension. You can also chooce your previous wife, husband, partner or children to any of these as beneficiaries of the pension. If you choose to place a repayment cover on your insurance your own pension will be lower as you do not receive inheritance gain.
You can change your mind and add the repayment cover later. The rules to add repayment cover later can vary between different insurers. To change repayment cover contact your insurer.
Remember that you, via your employment, have a financial protection in the form of survivor's pension and service group life insurance for your survivors.
If you want to move your money
If you want to, you can move your money from one insurance company to another, or to another form of savings with the same insurance company. To move your money please contact our Customer Service.
If your government employment ends
If your State employment ends, your employer will stop paying in money to the selectable part. The money you have earned, however, will remain with the insurance company managing your money until it is time for you to retire.
When you want to retire and start to withdraw your pension
Most people have their pension for the selectable part with Kåpan Government Employees Pension Fund. You may also have chosen to place your money with another insurance company.
If you are born before 1966 you can earliest start to take out the selectable part from the month you turn 61 years. If you are born 1966 to 1987 you can earliest start to take out the selectable part from the month you turn 63 years.
Contact the insurance company that manages your money for the selectable part if you have questions about how you can withdraw your pension.
Right to receive information regarding the insurances you have as a part of your occupational pension
You have the right to receive information regarding the insurances you have as a part of your occupational pension. See below for examples of information:
- Information regarding cost and fees connected to the insurance
- Which government authority is the regulatory agency
- Which possibilities you have to present complaints regarding the insurance company.
For more information please contact the insurance company of your choice.
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