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Retirement pension
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Retirement pension

When the employee reaches the age of 25, you start to pay for the retirement pension included in ITP. The retirement pension in ITP 1 is a defined contribution pension, while the retirement pension in ITP 2 is a defined benefit pension.

ITP 1

The retirement pension in ITP 1 is a defined contribution pension. This means that the premium is decided in advance, but not the size of the pension. For employees over 25 you pay a premium that is calculated as

4.5% of salary components up to SEK 47 625* per month
30% of salary components above SEK 47 625 and up to SEK 190,500** per month.

* Corresponds to an annual salary of 7.5 income base amounts.

** Corresponds to an annual salary of 30 income base amounts.

The employee invests his or her entire retirement pension in the ITP choice. The amount of the final pension depends among other things on salary size, how long the employee has had ITP and how he or she chose to invest the retirement pension.

ITP 2

Retirement pension in ITP 2 is a defined benefit pension. This means that the size of the pension is decided in advance, but the premium is not.Retirement pension in ITP 2 is managed by Alecta External link.. So that the premiums you pay will cover the promised pension, Alecta calculates each monthly premium on the basis of the employee’s age, salary, estimated period of service and prior period of service. This is why we cannot specify an exact percentage.

Retirement pension is calculated using different percentages in different salary bands:

Annual Salary, SEK	Base amount	Retirement pension as % of annual salary
Up to 571,500	0–7.5 ibb*	10%
571,500–1,524,000	7.5–20 ibb	65%
1,524,000–2,286,000	20–30 ibb	32,5%

* income base amount

Retirement pension

ITP 1

ITP 2

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