1

Salaried employees

Collective insurance schemes

2015-01

Overwiew

Salaried employees - agreements

Incident PreconditionSicknessRetirement pensionDeath

ITP

Work injury TFA

Death TGL

Work shortage Readjustment agreements

2 2015-01

ITP

Sickness

10% collectivelyagreed sick pay

80%sick pay

90%collectively agreed sick pay 65% ITP

7,5 pba

20 iba

30 iba32,5% ITP

10% ITPdays 91-360

salary

14 365 65 years

64%sicknesscompen-

sation

15% ITP

80%sick pay

75% sickness benefit

1 90

80%sickness benefit

(max. 550 days)

The employer submits a report after

90 days of illness

3 2015-01

4 ITP

Retirement pension - ITP 1

25 65 years55

Premium

SEK 36,313/month7,5 iba

• Lifelong or temporary pension• Full or partial

30 %

4,5 %

SALARY

The employer can pay supplementary premiums

2015-01

5 ITP

SummarySalaried employees born in 1979 or later

Applies irrespective of the type of employment

Disability pension from age 18

Defined premium pension from 25 years

No pay ceiling

Active choice

Choice of repayment cover and family cover

Flexible drawing of retirement pension

Summary - ITP 1

2015-01

ITP

Overview - ITP 1

Health insurance

18 years 25 years 55 years 65 years

Defined premium pension

Waiver of premium

Early drawing

ITP 1

Statutory pension

6 2015-01

ITP

Summary - ITP 2

Retirem.pension

Familypension

32,5% 16,25%32,5% 32,5%

65%65% 32,5%65%

(333 750)

10%*

(435 750)

-

Defined benefitsDefined

premiums

* days 91 - 360

30 iba

20 iba

7,5

2 %of salary

ITPK

(333 750)

15%

(435 750)

10%

Disability pension sickness benefit sickness compensation

Final payment 62 years

7 2015-01

ITP

Alternative ITP - ITP 2

A salaried employee with a salary above 10 iba (SEK 581,000 in 2015) can, by agreement with the employer, choose

• Alternative ITP (released premium, premium ladder, etc.)

• ITP 1

8 2015-01

ITP

Summary - ITP 2

SummarySalaried employees born in 1978 or earlier

Permanent (incl. probation)- at least 8 hours/week

Limited employment period (> 3 months)

Family pension salary > 7,5 iba

Final payment 62 years

SummaryITPK – defined premium pension

Pay ceiling 30 iba

Flexible drawing of retirement pension

Disability pension

Defined benefits pension

9 2015-01

ITP

Overview - ITP 2

28 years 55 years 62 years 65 years

ITP - retirement pension

ITPK

Early drawing

Final payment

ITPKITP 10% , 65% , 32,5%

Statutory pension

ITP - family pension

Health insurance- - -

10 2015-01

Lag/TFA

Work Injury - compensation

StatutoryLife annuity < 7.5 pba

Certain costs

Compensation in the event of death

TFALife annuity > 7.5 pba

Compensation for loss of income (accidents at work only)

Costs

Non-profit compensations

Compensation in the event of death

11 2015-01

Lag/TFA

Work Injury - compensation

When? Statutory TFADuring period of acute illness

Certain costs Accidents at work- costs- compensation for loss of income- pain and suffering

Occupational disease- costs

Travel accidents- costs- pain and suffering

In the case of disability Life annuity < 7.5 pba

Life annuity > 7.5 pbaFuture extra costsDisability compensation

In the case of rehabilitation Certain costs

In the event of death Funeral grantSurvivor's life annuity

Funeral costsLoss of supportRelative's psychological problems

12 2015-01

TGL tjänstegrupplivförsäkring

During employment - salaried employees

” applies for the duration of employment”

8 hours/weekage 18

Retirement pension

age 70

13

Exceptions -study leave

2015-01

14 TGL tjänstegrupplivförsäkring

General beneficiariese - TGL

SpouseChild(ren)Parents

Estate ½ pba

Child(ren) underage 20

+

Child supplement2 - ½ pba

Basic benefit6 - ½ pba

2015-01

TRR Trygghetsrådet

Work shortage- career readjustment insurance

Career readjustment support Severance compensation (AGE)Measures that facilitate obtaining a new job for those who have been or risk being given notice due to work shortage

Compensation to employees who have been given notice due to work shortage

• 0.3% (0.7% local collective agreement companies)• Charged via invoice from Fora

15 2015-01

TRR Trygghetsrådet

AGE - guarantee level

Salary 40,000 SEK 70% 50%Guarantee 28,000 SEK 20,000 SEK

UIF 680 SEK/day x 22 - 14,960 SEK - 14,960 SEK

AGE 13,040 SEK 5,040 SEK

Guarantee level 50 % after 6 months (including UIF)

16 2015-01

Summary - salaried employees ITP 1

Overview

Health insurance

age 18 age 25 age 55 age 65

ITP (temp / lifelong)

Defined premiums Early drawingITP 1

TGL

TFA

age 18 age 55

Phasing out

Working hours as well as travel to and from work

age 70

Statutory pension

Career readjustment support

age 40

AGETRR

17 2015-01

Summary - salaried employees ITP 2

Overview

TGLage 70

age 62

Statutory pension

Phasing out

Health insurance

age 18 age 28 age 55 age 65

ITPK (temp / lifelong)

ITP - retirement pensionITP - family pension > 7.5 ibaITPK

Early drawing

ITP 2

TFA

age 18 age 55

Working hours as well as travel to and from work

Finalpayment

ITP (temp / lifelong)

Benefits/defined premiums

Career readjustment support

age 40

AGETRR

18 2015-01

To consider - salaried employees

Incident ITP 1 ITP 2

New employees

• Report to Collectum

• All salaried employees from age 18, regardless of type of employment

• Report the gross salary paid each month

• Report to Collectum

• Permanent/temporary employees from age 18

• Limited employment period - report after 3 calendar months

2015-0119 Overview

To consider - salaried employees

Incident ITP 1 and ITP 2

Information• Which insurance schemes are included in the employment and the beneficiary clause in TGL

• ITP 1 and ITPK choice according to circular from Collectum

Illness

• Notify illness to FK in the case of illness > 14 days

• Notify illness to Collectum in the case of sick leave exceeding 90 days

• In the case of sickness compensation - inform about the insurance applies until reaching age 65

Work injury• Obligation to notify to FK

• Certification of employment situation to AFA insurance

Death• Report to Collectum

• Report to TGL company

Pension • The respective company contacts the employee approx. 3 months before retirement

2015-0120 Overview