Occupational pension ITP 2
If you were born in 1978 or before, you will normally have ITP 2. ITP 2 is mainly a defined benefit pension. This means that the pension you will receive corresponds to a certain percentage of your salary. ITP 2 also comprises a small defined premium portion, called ITPK, which you can invest yourself.
Important information about your ITP 2
- Money will be paid in until you turn 65.
- ITP 2 mainly comprises a defined benefit pension. This means that the size of the pension you will eventually receive is determined in advance.
- You cannot invest your defined benefit pension yourself, rather your employer will pay in the amount required in order to you to receive the predetermined monthly amount for the rest of your life.
- ITP 2 also comprises a small defined premium portion, called ITPK, which you can invest yourself. Your employer pays in an amount corresponding to 2 % of your salary into ITPK every month, up to a ceiling of SEK 182,705 per month.
Invest your ITPK
You can choose what type of saving you want to use for your occupational pension.
- Traditional insurance – the pension company determines how your money is to be invested. The risk is lower and you are guaranteed a certain pension.
- Unit-linked insurance – you can yourself influence how your money is to be invested, and you decide for yourself what risk level you want to have.
- If you don’t want to choose, your money will be invested in a traditional insurance with the Swedish pension company Alecta.
Financial compensation to your family in the event of your death
You can choose to add extra cover that can provide compensation to your family in the event of your death.
- Repayment cover – your family receives the money you have saved for your occupational pension in the event of your death.
- Family cover – insurance that provides your family with money in the event of your death before reaching the age of 66. You choose the size of the amount they will receive and the length of time the payments will continue.
Family pension is a survivors’ cover that is included in your ITP 2 if you are earning more than SEK 45,676 per month. If you are married or have children below the age of 20, they can receive compensation from the insurance in the event of your death. You can choose to redirect the payments for this insurance so that they go to your occupational pension instead.
View your occupational pension and make your choices at Collectum
Collectum administers your occupational pension. By logging into collectum.se, you can obtain an overview of how much your employer has paid into your occupational pension. You can also make choices, change selections or move your pension funds.
Flexible pension or part-time pension
Flexible pension or part-time pension means both that your employer pays in additional money into your occupational pension, and that you can have the opportunity to reduce your working hours towards the end of your working life. This applies within certain collective agreements.