Sweden Statutory and Private Employee Benefits, 2023 Update

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Sweden Statutory and Private Employee Benefits Report Overview

The Swedish social security system is an integral part of the country’s welfare system and is classified into two types: the universal and social insurance system (old system) and unified social insurance, and the individual notional and mandatory individual accounts system (new system), which was established in 1999.

The new insurance system covers persons born in or after 1954, while individuals born in or before 1937 are covered by the old system. Except for the earnings-related part of unemployment insurance, the social security regime is compulsory and covers everyone who lives or works in Sweden. To access all these social benefits, an individual requires a personnummer (a Swedish personal identity number) from the Swedish Tax Agency and must register with the Försäkringskassan (Swedish Social Insurance Agency) for a social security number.

The Sweden employee benefits market research report provides in-depth industry analysis, information, and insights into employee benefits in Sweden, including an overview of the state and compulsory benefits in Sweden, detailed information about the private benefits in Sweden, insights on various central institutions responsible for the administration of the different branches of social security and the regulatory framework of the employee benefits in Sweden.

Key Regulations Social Insurance Code, 2010, Social Services Act, 2001, Sick Pay Act, 1991, Dental Care Act, 1985, and Health and Medical Services Act, 2017
Key State and Compulsory Benefits Retirement Benefits, Death in Service, Long-Term Disability Benefits, Short-Term Sickness Benefits, Medical Benefits, Workers’ Compensation Insurance, Maternity and Paternity Benefits, and Other Benefits
Key Private Benefits Retirement Benefits, Death Benefits, Medical Benefits, Disability Benefits, Accidental Death and Dismemberment Benefits, and Other Benefits

Regulations Guiding Employee Benefits Market in Sweden

Some of the key regulations guiding the employee benefits market in Sweden are Social Insurance Code, 2010, Social Services Act, 2001, Sick Pay Act, 1991, Dental Care Act, 1985, and Health and Medical Services Act, 2017 among others.

Sweden Employee Benefits Market Segmentation by State and Compulsory Benefits

The key state and compulsory benefits offered by employers in Sweden are retirement benefits, death in service, long-term disability benefits, short-term sickness benefits, medical benefits, workers’ compensation insurance, maternity and paternity benefits, and other benefits.

Workers’ Compensation Insurance: Workmen’s compensation insurance is a major part of the Swedish compulsory social insurance scheme and is provided to employees and self-employed persons in the event of accidents that result in disability or death during work and while commuting to and from the workplace. Workmen’s compensation also covers diseases that are considered occupational diseases.

Short-Term Sickness Benefits: Employees and self-employed persons who want to claim sickness benefits need to have compulsory insurance with earnings-related benefits. In Sweden, employees are entitled to sickness benefits if they are unable to work for a short period due to sickness. In such situations, the employer continues to pay a salary to the employee known as sjuklön (sick pay). There is no option for voluntary insurance and no earnings ceiling for insurance coverage.

Sweden Employee Benefits Market Segmentation by Private Benefits

The key private benefits offered by the employers of Sweden are retirement benefits, death benefits, medical benefits, disability benefits, accidental death and dismemberment benefits, and other benefits.

Death Benefits: Employees of the company between the age of 18 and 70 years are eligible. Employers keep a restriction of a minimum number of working hours of eight per week for entitlement to the cover under this plan.

Disability Benefits: Standalone short-term disability plans are not offered in Sweden. Standalone long-term disability plans resulting from accidents or illness are offered in Sweden as guaranteed income plans. Employees can have a customized plan with changes in additional monthly income and the period of coverage. The coverage is available across the world provided the habitual residence is in Sweden.

For more insights on the Sweden employee benefits market, download a free report sample


This report provides a detailed analysis of employee benefits in Sweden –

  • It offers a detailed analysis of the key government-sponsored employee benefits, along with private benefits.
  • It covers an exhaustive list of employee benefits, including retirement benefits, death in service, long-term disability benefits, medical benefits, workmen’s compensation insurance, maternity and paternity benefits, family benefits, unemployment benefits, Long-term care benefits, leaves and holidays, and private benefits.
  • It highlights the economic and regulatory situations relating to employee benefits in Sweden.

Key Highlights

• The Swedish Social Insurance Agency (Försäkringskassan), Swedish Pensions Agency (Pensionsmyndigheten), County Councils (Landstingsfullmäktige), Ministry of Employment (Arbetsmarknadsdepartementet) and Ministry of Health and Social Affairs (Socialdepartementet) are responsible for the functioning of the overall social security system.

• A person’s national insurance contribution is determined based on their income.

• An insured person who is unemployed or unable to work and whose benefits have been exhausted is entitled to a credited contribution.

• In Sweden, employers provide voluntary retirement benefits to their employees through retirement pension, Group sickness insurance—AGS, Group life insurance—TGL, Parental benefit supplement insurance—FPT, Work injury insurance—TFA, and Career readjustment insurance.

Reasons to Buy

  • Make strategic decisions using in-depth information related to employee benefits in the country.
  • Assess employee benefits of the market, including state and compulsory benefits and private benefits.
  • Gain insights into the key employee benefit schemes offered by private employers in the country.
  • Gain insights into key organizations governing the employee benefits market, and their impact on companies.

Table of Contents

  • 1. Executive Summary
  • 2. Introduction
  • 2.1 What is this Report about?
  • 2.2 Definitions
  • 3. Country Statistics
  • 4. Overview of Employee Benefits in Sweden
  • 5. Regulations
  • 6. State and Compulsory Benefits
  • 6.1 Retirement Benefits

  • – Introduction
  • – Eligibility
  • – Benefits
  • – Payment options
  • – Contribution
    • 6.2 Death in Service

  • – Introduction
  • – Eligibility
  • – Benefits
  • – Payment options
  • – Contribution
    • 6.3 Long-Term Disability Benefits

  • – Introduction
  • – Eligibility
  • – Benefits
  • – Payment options
  • – Contribution
    • 6.4 Short-Term Sickness Benefits

  • – Introduction
  • – Eligibility
  • – Benefits
  • – Payment options
  • – Contribution
    • 6.5 Medical Benefits

  • – Introduction
  • – Eligibility
  • – Benefits
  • – Payment options
  • – Contribution
    • 6.6 Workers’ Compensation Insurance

  • – Introduction
  • – Eligibility
  • – Benefits
  • – Payment options
  • – Contribution
    • 6.7 Maternity and Paternity Benefits

  • – Introduction
  • – Eligibility
  • – Benefits
  • – Payment options
  • – Contribution
    • 6.8 Other Benefits

  • – Family benefits
  • – Long-term care benefits
  • – Minimum resources benefits
  • – Unemployment benefits
  • – Leave and holidays
    • 7. Private Benefits
    • 7.1 Retirement Benefits
    • 7.2 Death Benefits
    • 7.3 Disability Benefits
    • 7.4 Medical Benefits
    • 7.5 Accidental Death and Dismemberment Benefits
    • 7.6 Other Benefits
    • 8. About GlobalData
    • 9. Contact Us


    Table 1: Insurance Industry Definitions

    Table 2: Sweden – Country Statistics, 2022

    Table 3: Sweden – Long-Term Disability – Guaranteed Compensation, 2023

    Table 4: Sweden – Long-Term Disability – Self-Employed Contributions

    Table 5: Sweden – SGI benefits 2023

    Table 6: Sweden – Sickness benefits rates 2023

    Table 7: Sweden – sickness benefit in case of adoption

    Table 8: Sweden – Nursing and care allowance 2023

    Table 9: Sweden – Additional Cost Allowances, 2023

    Table 10: Sweden – Long-Term Care – User Charges

    Table 11: Sweden – Public Holidays 2023

    Table 12: Sweden – ITP1/ITP2 Disability Benefits

    Table 13: Sweden – Accrued Pension After Contributing Towards ITP2

    Table 14: Sweden – Payout depending on age at the time of death


    List of Figures

    Figure 1: Sweden – Main Institutions of Social Security System

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