Employee Benefits in Sweden, 2022 Update - Key Regulations, Statutory Public and Private Benefits, and Industry Analysis
Description
Employee Benefits in Sweden, 2022 Update - Key Regulations, Statutory Public and Private Benefits, and Industry Analysis
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 an 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 Highlights
This report provides a detailed analysis of employee benefits in Sweden -
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 an 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 Highlights
- The Swedish Social Insurance Agency, Swedish Pensions Agency, County Councils, Ministry of Employment, and Ministry of Health and Social Affairs are responsible for the functioning of the overall social security system.
- A person’s national insurance contribution is determined based on their income.
- An insured person who is unemployed or unable to work and whose benefits have been exhausted is entitled to credited contribution.
- In Sweden, the Confederation of Swedish Enterprise, the Swedish Trade Union Confederation (LO), the Confederation of Swedish Enterprise, and the Council for Negotiation and Co-operation (PTK) provide voluntary retirement benefits to their employees in various forms.
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 benefits
- It covers an exhaustive list of employee benefits, including retirement benefits, death in service, long-term disability benefits, Short-term sickness benefit, medical benefits, workmen's compensation insurance, maternity and paternity benefits, family benefits, Long-Term Care, unemployment, Minimum Resources, leaves and holidays and private benefits
- It highlights the economic and regulatory situations relating to employee benefits in Sweden
- Make strategic decisions using in-depth information related to employee benefits in the country
- Assess employee benefits of the market, including state and compulsory benefits and private benefits
- Gain insights into the key employee benefit schemes offered by private employers in the country
- Gain insights into key organizations governing employee benefits market, and their impact on companies
Table of Contents
55 Pages
- 1. Executive Summary
- 2. Introduction
- 2.1 What is this Report about?
- 2.2 Definitions
- 3. Country Statistics
- 4. Overview of Employee Benefits in Sweden
- 5. Regulations
- 6. State and Compulsory Benefits
- 6.1 Retirement Benefits
- Introduction
- Eligibility
- Benefits
- Payment options
- Contribution
- 6.2 Death in Service
- Introduction
- Eligibility
- Benefits
- Payment options
- Contribution
- 6.3 Long-Term Disability Benefits
- Introduction
- Eligibility
- Benefits
- Payment options
- Contribution
- 6.4 Short-Term Sickness Benefits
- Introduction
- Eligibility
- Benefits
- Payment options
- Contribution
- 6.5 Medical Benefits
- Introduction
- Eligibility
- Benefits
- Payment options
- Contribution
- 6.6 Workers’ Compensation insurance
- Introduction
- Eligibility
- Benefits
- Payment options
- Contribution
- 6.7 Maternity and Paternity Benefits
- Introduction
- Eligibility
- Benefits
- Payment options
- Contribution
- 6.8 Other Benefits
- Family Benefits
- Unemployment benefits
- Long - term care Benefits
- Minimum Resources Benefits
- Leaves and Holidays
- 7. Private Benefits
- 7.1 Retirement Benefits
- 7.2 Death Benefits
- 7.3 Disability Benefits
- 7.4 Medical Benefits
- 7.5 Accidental and Dismemberment Benefits
- 7.6 Other Benefits
- About GlobalData
- Contact Us
- List of Tables
- Table 1: Insurance Industry Definitions
- Table 2: Sweden - Country Statistics, 2020
- Table 3: Sweden - Long-Term Disability - Guaranteed Compensation, 2022
- Table 4: Sweden - Long-Term Disability - Self-Employed Contributions
- Table 5: Sweden - SGI benefits 2022
- Table 6: Sweden - Sickness benefits rates 2022
- Table 7: Sweden - sickness benefit in case of adoption
- Table 8: Sweden - Nursing and care allowance 2022
- Table 9: Sweden - Additional Cost Allowances, 2022
- Table 10: Sweden - Long-Term Care, User Charges
- Table 11: Sweden - Public Holidays 2022
- Table 12: Sweden - ITP1/ITP2 Disability Benefits
- Table 13: Sweden - Accrued Pension After Contributing Towards ITP2
- Table 14: Sweden - Payout depending on age at the time of death
- List of Figures
- Figure 1: Sweden - Main Institutions of Social Security System
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