The full picture Private pension Occupational pension National

The full picture Private pension Occupational pension National public pension Income Pension Premium Pension

National public pension Maximum = 435 750 SEK, ~36 000 SEK/month Salary Social insurance benefits 2, 5 % 18, 5 % 16 % Not all income are pension-qualifying, for example: Scholarships Return on capital Bonus You choose for your premium pension The state handles your income pension

The Orange Envelope

Premium Pension • Choose 1 -5 funds among 800 • Choose between - Equity funds - Fixed income funds - Balanced funds - Life cycle funds => Your rate of return = the rate of return of the funds you have chosen

AP 7 Såfa – for those who do not want to choose funds themselves AP 7 Fixed Income Fund AP 7 Equity Fund 0 -55 years 56 years 60 years 65 years 70 years 75 years 0% 3% 15% 35% 50% 65% 100% 97% 85% 65% 50% 35%

Occupational pension • Employees with a collective agreement (cover 90%) • There are hundreds of different Occupational pension plans

PA 03 • Occupational pension for workers employed by the government (incl. KTH): 3 different parts: 2 Defined Contribution (DC), from the age of 23 years – 2, 5 % of income in own selected funds (DC) – 2 % of income in preselected funds chosen by the PA 03 -plan (DC) 1 Defined Benefit (DB), from the age of 28 years – if you are born between 1943 -1972 or have a salary above 36 000 SEK/month – Choose between Lifelong or temporary payment www. spv. se

How much pension money do the first two years of Ph. D employment generate? Salary year 1: 308 400 SEK, year 2: 320 400 (from Doktorandstegen, KTH) • • 16 % provision to the Income pension 2, 5 % provision to the Premium pension 4, 5 % provision to the Occupational pension No private savings

Conclusions • Based on the assumption that the rate of return is 3, 5 % / Year and compared to the price level of today, the following life-long monthly pension money is generated during the first two years: – Full Ph. D employment: 1 260 SEK/month (lifelong) – Scholarship: 0 SEK/month

Important for your pension • • • Work full time Start to work at an early age Work as long as possible Make sure you have an occupational pension You have to apply for your pension (earliest from 61)

Living Abroad • Income pension and premium pension to all countries • Inform the Swedish Pensions Agency of your current address and account number • Do not forget to inform us if you move to another address or country • Life certificate every year

Interpreting Services in English are available on Fridays at 12. 00 -14. 00. Phone number 0771 -776 801