🇸🇪 Occupational Pension (tjänstepension) in Sweden

Erin
Erin

Oyster now provides an Occupational pension, “tjänstepension,” a supplementary pension scheme in addition to the statutory pension, “allmän pension.”

Benefit provider

Skandia, one of the largest pension providers in Sweden, manages the pension plan.

Occupational pension details 

  • Pension contribution depends on the gross salary of the Team Member. 
  • The contribution is 4.5% up to a cap of SEK 44,375. In case the salary exceeds this cap, 30% will be applied to the amount exceeding the cap.
  • This is purely an Employer Contribution.

Enrollment into the occupational pension

We will reach out to you after we receive a confirmation from your company about providing you with this benefit. Skania, our pension provider, will reach out to you with information about your pension account and how to access it after your pension registration process is complete.

FAQs

What are the minimum pension contributions?

The total contribution amount depends on the gross salary of the team member. If the monthly gross salary does not exceed the cap of SEK 44,375, the pension amount will be 4.5% of the gross salary. In case the gross salary exceeds this cap, on the salary amount exceeding the cap 30% will be applied.

Is it an ITP?

We do not have a collective agreement, but we offer a pension plan that looks like a collective agreement ITP1. Only the pension element is set up, there are no additional insurances alongside the pension.

Can we choose a custom rate for pension contributions?

No. Due to the equal treatment principle, the contributions are fixed to a percentage of the gross salary of the team member. The percentages were chosen based on the most common solutions for occupational pension.