Employee Benefits in Sweden
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. With the exception of 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 into employee benefits in Sweden, including:
- An overview of state and compulsory benefits in Sweden
- Detailed information about private benefits in Sweden
- Insights into various central institutions responsible for the administration of the different branches of social security
- The regulatory framework of employee benefits in Sweden
This report provides a detailed analysis of employee benefits in Sweden:
Reasons To Buy
- 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 benefits, long-term disability benefits, short-term sickness benefits, medical benefits, workmen’s compensation, maternity and paternity benefits, family benefits, minimum resources, long-term care, unemployment 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 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
- The Swedish social security system is funded through taxation and earnings-related contributions. Employers pay insurance contributions equivalent to 31.4% of the gross pay, while self-employed persons make contributions of 28.9% of their assessable income.
- The Swedish government also introduced insured persons’ contributions as a part of the old-age pension scheme. The insurance expenditure involves around 60% of contribution, with the remainder being financed by yield from funds, and by taxes via the State budget.
- Employees in Sweden are eligible for private benefits provided by employers, which grant access to a range of services that improve their quality of life.