Pension and economy

As an employer with a collective agreement, you pay premiums to the employees’ occupational pensions on a monthly basis. Premiums are there to ensure financial security in various situations.

With the ITP premium, your employees receive a larger pension, insurance which provides compensation in the event of illness and money to their surviving family members in the event of death. Well invested money, in other words.

Premiums for ITP 1

The premiums you pay for the occupational pension ITP 1 are calculated as a certain percentage of the employee’s salary.

The monthly gross salary paid out in cash is used in the calculation. The applicable salary is reported to Collectum each month.

You pay three different premiums for ITP 1; one for retirement pension, one for disability pension and one for waiver of premium.

ITP 1	Premium on salaries up to 7.5 income base amounts	Premium on salaries over 7.5 income base amounts
Retirement pension	4.5%	30%
Disability pension	2024: 0.028%* 2025: 0.030%*	2024: 0.101% 2025: 0.115%
Waiver of premium	2024: 0.17% 2025: 0.112%	2024: 1.09% 2025: 1.068%

*Here applies 10 price base amounts.

Premium for Occupational group life insurance

Premium for TGL in Alecta – SEK 36/month.

Premiums for ITP 2

The total premium you pay for your employees’ occupational pensions in ITP 2 is comprised of several different, smaller premiums.

You pay various premiums for:

Retirement pension
ITPK
Disability pension
Waiver of premium insurance
Equalisation premium.

For employees with salaries over 7.5 income base amounts, you also pay a premium for ITP family pension.

All premiums are determined on the basis of the employee’s annual salary. You provide information regarding annual salaries to Collectum.

ITP 2	Up to 7.5 income base amounts	Between 7.5 and 30 income base amounts
Retirement pension	Individual	Individual
ITPK premium	2%	2%
Family pension	-	Individual
Disability pension	2024: 0.028%* 2025: 0.030%*	2024: 0.101%* 2025: 0.0115%*
Waiver of premium****	2024: 0.145%t 2025: 0.132%	2024: 1.48% 2025: 1.412%
Equalisation premium***	2024: 0.20% 2025: 0.40%	2024: 0.20% 2025: 0.40%

*Here applies 10 price base amounts.
**The premium for the final payment of ITP 2 is also included.
***Finances the maximum premium in ITP 2.
****For the Alternative pension solution, the premium for salary above 7,5 income base amounts is 0.05% for 2025 (2024: 0.05%).

Index-linked pensions – our ambition

Our ambition is also to index-link the pensions through pension supplements. Pension supplements are an annual indexation of the retirement pension in ITP 2. Thus, the retirees receive compensation for increased prices. Since the agreement on ITP 2 was concluded, Alecta has been able to fulfil its ambition to index-link pensions.

Premium maximisation in ITP 2

In the defined benefit ITP 2, there is a limit to how high the employer’s premium for the retirement pension may be, a maximisation premium.

The limit to how high the employer´s premium for the retirement pension may be

Maximum premium for 2024
Pensionable annual salary under 7.5 income base amounts.	6 percent
Pensionable annual salary between 7.5 and 30 income base amounts.	55.8 percent

In the case of an agreed retirement age prior to the age of 65, higher percentages apply.

The part of the premium which exceeds the maximum limit is financed through a collective equalisation premium paid by all employers.