Sweden Statutory and Private Employee Benefits, 2023 Update

Powered by

All the vital news, analysis, and commentary curated by our industry experts.

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

Scope

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

    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

    Figures

    List of Figures

    Figure 1: Sweden – Main Institutions of Social Security System

    Frequently asked questions

    Sweden Statutory and Private Employee Benefits, 2023 Update thematic reports
    Currency USD
    $1,495

    Can be used by individual purchaser only

    $2,990

    Can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company


    Undecided about purchasing this report?

    Enquire Before Buying Request a Free Sample

    Get in touch to find out about multi-purchase discounts

    reportstore@globaldata.com
    Tel +44 20 7947 2745

    Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.

    Sample Report

    Sweden Statutory and Private Employee Benefits, 2023 Update was curated by the best experts in the industry and we are confident about its unique quality. However, we want you to make the most beneficial decision for your business, so we offer free sample pages to help you:

    • Assess the relevance of the report
    • Evaluate the quality of the report
    • Justify the cost

    Download your copy of the sample report and make an informed decision about whether the full report will provide you with the insights and information you need.

    Below is a sample report to understand what you are buying

    See what our customers are saying

    “The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.

    GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”

    Business Intelligence & Marketing Manager, SAL Heavy Lift

    “COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”

    Market Analyst & Management, Liebherr-Werk

    Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.

    Head of Key Accounts, Saab AB

    Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.

    Marketing Intelligence Manager, Portugal Foods

    Our experience with GlobalData has been very good, from the platform itself to the people. I find that the analysts and the account team have a high level of customer focus and responsiveness and therefore I can always rely on. The platform is more holistic than other providers. It is convenient and almost like a one stop shop. The pricing suite is highly competitive and value for our organisation.

    I like reports that inform new segments such as the analysis on generation Z, millennials, the impact of COVID 19 to our banking customers and their new channel habits. Secondly the specialist insight on affluent sector significantly increases our understanding about this group of customers. The combination of those give us depth and breadth of the evolving market.

    I’m in the business of answering and helping people make decisions so with the intelligence center I can do that, effectively and efficiently. I can share quickly key insights that answer and satisfy our country stakeholders by giving them many quality studies and primary research about competitive landscape beyond the outlook of our bank. It helps me be seen as an advisory partner and that makes a big difference. A big benefit of our subscription is that no one holds the whole data and because it allows so many people, so many different parts of our organisation have access, it enables all teams to have the same level of knowledge and decision support.

    Head of Customer Insight and Research, Standard Chartered

    “I know that I can always rely on Globaldata’s work when I’m searching for the right consumer and market insights. I use Globaldata insights to understand the changing market & consumer landscape and help create better taste & wellbeing solutions for our customers in food, beverage and healthcare industries.

    Globaldata has the right data and the reports are of very high quality compared to your competitors. Globaldata not only has overall market sizes & consumer insights on food & beverages but also provides insights at the ingredient & flavour level. That is key for B2B companies like Givaudan. This way we understand our customers’ business and also gain insight to our unique industry”

    Head of Consumer Sensory Insights, Givaudan

    GlobalData provides a great range of information and reports on various sectors that is highly relevant, timely, easy to access and utilise.  The reports and data dashboards help engagement with clients; they provide valuable industry and market insights that can enrich client conversations and can help in the shaping of value propositions. Moreover, using GlobalData products has helped increase my knowledge of the finance sector, the players within it, and the general threats and opportunities.

    I find the consumer surveys that are carried out to be extremely beneficial and not something I have seen anywhere else. They provided an insightful view of why and which consumers take (or don’t) particular financial products. This can help shape conversations with clients to ensure they make the right strategic decisions for their business.

    One of the challenges I have found is that data in the payments space is often piecemeal. With GD all of the data I need is in one place, but it also comes with additional market reports that provide useful extra context and information. Having the ability to set-up alerts on relevant movements in the industry, be it competitors or customers, and have them emailed directly to me, ensures I get early sight of industry activity and don’t have to search for news.

    Senior Account Manager, TSYS

    Related reports

    View more Insurance reports
    Business and Consumer Services
    Global Hiring Activity - Trends and Signals 2023
    $399 | January 2024
    Business and Consumer Services
    Aon - Digital Transformation Strategies
    $1,495 | December 2023
    Business and Consumer Services
    Top Business and Professional Services Foreign Direct Investment Companies
    $399 | November 2023
    Go even deeper with GlobalData Intelligence Center

    Every Company Report we produce is powered by the GlobalData Intelligence Center.

    Subscribing to our intelligence platform means you can monitor developments at Sweden Statutory and Private Employee Benefits, 2023 Update in real time.

    • Access a live Sweden Statutory and Private Employee Benefits, 2023 Update dashboard for 12 months, with up-to-the-minute insights.
    • Fuel your decision making with real-time deal coverage and media activity.
    • Turn insights on financials, deals, products and pipelines into powerful agents of commercial advantage.