Employee Benefits in Sweden 2021

Employee Benefits in Sweden 2021

Summary

The Swedish social security system is an integral part of the country’s welfare system and is classified into two types: the universal and social insurance system (old system) and unified social insurance, and the individual notional and mandatory individual accounts system (new system), which was established in 1999. The new insurance system covers persons born in or after 1954, while individuals born in or before 1937 are covered by the old system. Except for the earnings-related part of unemployment insurance, the social security regime is compulsory and covers everyone who lives or works in Sweden. To access all these social benefits, an individual requires a personnummer (a Swedish personal identity number) from the Swedish Tax Agency and must register with the Försäkringskassan (Swedish Social Insurance Agency) for a social security number

The report provides in-depth industry analysis, information and insights of the employee benefits in Sweden, including: overview of the state and compulsory benefits in Sweden, detailed information about the private benefits in Sweden, insights on various central institutions responsible for the administration of the different branches of social security and the regulatory framework of the employee benefits in Sweden.

Key HighlightsThe compulsory general social security system in Sweden covers everyone who is a resident or working in the country. Försäkringskassan (Swedish Social Insurance Agency): This government agency administers social insurance, excluding old-age and survivors’ pensions, and ensures that insured persons receive benefits and allowances based on their eligibilityPensionsmyndigheten (Swedish Pensions Agency): This agency is responsible for the Swedish national pension system, and the administration of old-age and survivors’ pensionsEmployees in Sweden can avail of voluntary retirement benefits through four types of occupational pensions available under Pillar IIScope

This report provides a detailed analysis of employee benefits in Sweden - It offers a detailed analysis of the key government-sponsored employee benefits, along with private benefitsIt covers an exhaustive list of employee benefits, including retirement benefits, death in service, long-term disability benefits, medical benefits, workmen's compensation insurance, maternity and paternity benefits, family benefits, unemployment, leave and private benefitsIt highlights the economic and regulatory situations relating to employee benefits in SwedenReasons to BuyMake strategic decisions using in-depth information related to employee benefits in Sweden.Assess Sweden's employee benefits market, including state and compulsory benefits and private benefits.Gain insights into the key employee benefit schemes offered by private employers in Sweden.Gain insights into key organizations governing Sweden's employee benefits, and their impact on companies.