The Government: This is how the premium pension will grow

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The Government: This is how the premium pension will grow
Photo: Henrik Montgomery/TT

The Government wants to strengthen the premium pension and assigns the Pensions Agency to review the distribution of pension rights. The purpose is to increase the return for pension savers.

"By placing premium pension rights earlier, it is estimated to generate approximately one billion kronor in higher returns per year, which benefits Sweden's pensioners and pension savers", writes Minister for Elderly and Social Insurance Anna Tenje (M) in a comment to TT.

Today, pension savers' pension rights are determined only when the Tax Agency has submitted all tax returns, which occurs in November the year after an income year.

In the meantime, the money is placed in a temporary management with low risk and thus relatively low expected returns.

By shortening the temporary management at the Pensions Agency and instead enabling investment in, for example, funds, Tenje believes that returns can increase.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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