AKAP-KR

AKAP-KR - Collectively agreed defined contribution retirement pension. Employees in regional and local federations are also covered by AKAP-KR, as well as employees in municipal companies belonging to the Sobona employers' association.

AKAP-KR benefits

AKAP-KR includes benefits that apply to all employees

• defined contribution benefit

Pensionable salary and income

AKAP-KR defines pensionable salary as

• cash payment of salary

• loss of salary because of absence due to sick leave, maternity leave, parental leave, industrial injury or because of leave of absence due to union work with no right to other benefits.

Defined contribution retirement pension

The employer allocates a certain percentage of your salary every year to defined contribution retirement pension. The benefit is earned with no minimum age requirements. The pension contribution is

• 6 percent of the pensionable salary up to 7.5 income base amount

• 31.5 percent of salary in the range 7.5-30 income base amounts until you reach the age defined in section 32 a of the Employment Protection Act, LAS after which the pension contribution is 6 percent of the pensionable salary.

The employer pays the pension contribution quarterly. If the pension contribution is lower than 0.75 percent of the income base amount for a six-month period, your employer will instead pay you the corresponding amount as salary.

Defined contribution retirement pension can be paid out from the age of 60. You choose if you would like lifelong payment or payment during a certain period, minimum ten years.

Employees who were obligatorily switched from KAP-KL to AKAP-KR and who had an annual salary of over 7.5 income base amounts in the 2022-2026 period and employees who chose to switch from KAP-KL to AKAP-KR are entitled to receive additional premiums.

Additional premiums are paid out annually in arrears and vary between 0.5-8.5% on salaries between 7.5 income base amounts and 30 income base amounts.

Your choices

You need to choose:

• whether your funds should be invested in a traditional pension insurance or a unit-linked insurance

• the insurance company to manage your funds

• if you want the insurance to have a repayment cover or not (this choice is made at your chosen insurance company)

Valcentralen.se administrates your choice and transfers funds to your chosen insurance company.

It is important to make a choice since it will affect the size of your future pension. Carefully compare the returns and fees of the various companies. You can change your choice of future premium payments at any time. You also have the option of moving the capital you have earned up to now to another insurance company. If you make no choice, the money is invested in a traditional pension insurance with repayment cover with KPA Tjänstepensionsförsäkring AB.