Your national public pension part of your total pension

Transcription

1 Swedish s Agency Your national public pension part of your total pension This annual statement concerns the national public pension. In addition to the national public pension most wage earners will get occupational pension through their employer. This means that the total pension will be greater than shown here. It is important that you find out about your own particular position. At you can get a forecast including occupational pension and any private pension. For assistance please call (Guaranteed, if any) Any Private Occupational pension National Public Your savings for the national public pension SEK Contribution You have earned this much as pension credit for the income year 2008, see page 2. SEK Savings You have saved up this much to date for the national public pension, see page 3. SEK Payment According to our forecast, this is how much you will receive as national public pension per month (before tax), from the age of 65, see page 5. 1 For each year that you postpone your retirement, your national public pension can be up to 10 per cent higher.

2 Decision 5 December Your pension credits The decision by Försäkringskassan (the Swedish National Social Insurance Agency) regarding your pension entitlements is for the year 2008, since it is based upon your most recently confirmed income tax declaration. Do you want this decision to be reconsidered? Read more on page 6. credit for credit for Your aggregate pension income pension premium pension credits 2008 SEK SEK = SEK Basis for calculating your pension credits able income: SEK able amount: Child years: SEK This provides a pension basis of: SEK Your pensionable income is your declared income minus 7 per cent as general pension contribution. From your pension basis, 16 per cent goes to your pension credit for income pension and 2.5 per cent to the pension credit for premium pension. Contribution 2 For each year you work and pay tax you will earn towards your national public pension. The money that is reserved for your pension is called pension credit. A-kassa (unemployment compensation) or social insurance payments (e.g. sick pay), national service, studies and child years also provide pension credit. For 2008 a pension basis over SEK does not provide a pension credit for national public pension.

3 Beslut Your pension accounts Your savings to the national public pension during Changes during 2009 pension pension Value 31 December credit for Inheritance gain from deceased contributors Administration fee Fund fees after discount Change in value * Value 31 December *of which SEK 539 is interest on pension credit for You have saved up this much to date for your national public pension SEK Changes to your accounts since the start You have earned SEK in pension credit to date towards your income pension. The amount has increased by SEK and the current value is SEK You have earned SEK in pension credit to date towards your premium pension. The amount has increased by SEK and the current value is SEK Savings Your new pension credits are added to what you have already saved and are shown in your pension accounts, one for your income pension and one for your premium pension. The change in value is determined by the fluctuation in value of your funds. The value change in 2009 was -1.4%. To learn more, please visit or call The value of these accounts is determined by your accumulated pension credits and how they change in value.

4 Beslut Your premium pension savings The table shows the development of your premium pension funds during 2008 and which fee you pay for management. You can compare this with the data for the average participant. New pension credits towards the premium pension are invested according to the breakdown you last chose. Change in Chosen Actual Value value Fund fee breakdown breakdown pension account 31 December 2008 SEK per cent per cent per cent per cent Aktiefond Sverige , Aktiefond Global , Räntefond Sverige , Generationsfond , Läkemedelsfond , Total , The average participant 35 0,31 In May the following changes will be made in the premium pension system: For those who do not wish to manage their own premium pension, the Premiesparfonden will be replaced by a fund portfolio called AP7Såfa Statens årskullsförvaltningsalternativ, which is the National government s cohort management alternative. It is managed by Sjunde AP-fonden and will, unlike Premiesparfonden, be optional. The AP7Såfa level of risk will automatically be adjusted to your age and lowered accordingly as you approach retirement age. If you have the Premiesparfonden in May when the change takes place, your balance will be transferred to AP7Såfa. You will also receive a letter with more information prior to the transfer. For those who wish to choose their own level of risk, but not the specific funds, there will be three mutual fund portfolios with different levels of risk. Sjunde APfonden manages these fund portfolios. The other fund offerings will, or course, be available for those who wish to create their own fund portfolio. Learn more by visiting Savings 4 If you have selected several funds, remember that the allocation of your funds changes over time since they develop differently. Your savings can thus have another level of risk than the one that you initially chose. You can review your risk level, change the breakdown and change funds at Review your savings at regular intervals, for instance once per year.

5 Beslut Forecast for your national public pension The forecast is based on the SEK you have earned to date towards your income and premium pension (see pension account page 3), plus your annual income until you retire. We have assumed that you will have the same pensionable income as in 2008, that is SEK (see decision page 2). Age of retirement 0 % growth 2 % growth 61 year SEK per month SEK per month 65 year SEK per month SEK per month 70 year SEK per month SEK per month Your national public pension at the age of 65 and 0 per cent growth (SEK per month) consists of (before tax) SEK income pension and SEK premium pension. A growth of 0 per cent means that we have assumed that salaries and prices in Sweden remain unchanged until you retire. This means that you can compare the amounts in the forecast with your salary today. It is assumed that your premium pension funds will change in value by 3.5 per cent annually. A growth of 2 per cent means that salaries in Sweden, including your own, are assumed to grow by 2 per cent each year. It is assumed that the premium pension funds will grow in value by 5.5 per cent annually. At you can get a forecast that also includes occupational pension and any private pension. Minpension.se is a cooperation between the government and the pension companies. You can also get the forecasts on our website Payment When you retire, the amount in your pension accounts is divided by your average remaining life expectancy. Hence it follows that if you work longer you will save more and a higher amount can be distributed over fewer years. The pension will be paid for the rest of your life. Your pension = Value on your pension accounts Average remaining life expectancy 5

6 (eng) Vägen Landsorten How to request a reconsideration of the decision The decision on page 2 is based on the regulations in Chapters 2 to 4 of the Act on -Based Old Age (1998:674). If you would like this decision to be reconsidered, write to smyndigheten, Box 304, SE Halmstad. State what decision you wish to have reconsidered, the change you wish to have made to the decision and why. Also state your name, personal identity (ID) number, address and telephone number. If you engage a legal representative, a power of attorney in the original should also be sent. smyndigheten must receive the letter by 31 December at the latest or within two months of your receipt of the decision, if the decision was not received before 1 November. Contact smyndigheten,