Receiving a pension when you retire

(Pension när man slutar arbeta)

When you are too old to work, you receive a retirement pension. As a kind of postponed salary, the pension is paid by the government, your employer or through your own savings.

The most common retirement age is 65, but you have the right to work until you are 67. You can draw some of your retirement pension at 61 and your guarantee pension at 65.

If you haven’t worked, you are entitled to a guarantee pension. If you have worked, some of your pension premiums are invested in the mutual funds of your choice.

Each year you receive an orange envelope from the Swedish Pensions Agency containing an estimate of how much national pension you will receive at retirement. Everyone who works will also receive an occupational pension to which the employer pays premiums. You can also purchase private pension insurance from a bank or fund manager.

Read more at the Swedish Pensions Agency website (Pensionsmyndigheten).