From 1 January 2028, contributions to the ITP 1 occupational pension will start at age 24 instead of 25 and continue until age 67 instead of 66, PTK writes on its website.
LO and PTK threatened to go on strike in early October to raise the starting age for contributions.
“After long and at times difficult negotiations, we have agreed on new agreements. We have always been open to expanding the age range for contributions to our collectively agreed pensions and insurance. The core issue has been how to handle the increased costs,” says Mattias Dahl, deputy CEO of the Confederation of Swedish Enterprise, in a press release.
LO contract secretary Veli-Pekka Säikkälä calls the agreement “a success.”
“We are strengthening the collectively agreed pension for union members. But we have also achieved many other improvements that provide greater security in the event of illness or unemployment,” he says.
The collectively agreed occupational injury insurance, TFA, is also being changed, with the deductible and minimum payout limit being removed. At the same time, collectively agreed parental benefits for employees changing employers are being improved.
The unions concerned and their counterparts must now approve the agreement. The process will be completed only when the parties have signed it.
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