By Patrick Anderson
Ebook by means of Anderson, Patrick
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Extra resources for Ageing and Employment Policies: Sweden (Ageing and Employment Policies)
E. increasing annual pension) at the same time as extra years at work generates new pension rights – this is somewhat different compared to the old system. e. to a maximum increase of 42%. 5% for every month the pension was drawn before the age of 65 (at earliest from age 61), to a maximum decrease of 24%. There is, however, an important difference between the compensation for late retirement in the new and old system. The figures in the old system are only based on postponement of drawing the pension, while in the new system, calculations are based on the fact that the individual continues to work.
Although employment rates in Sweden have declined, they are still relatively high for older people compared to most other countries. In fact, Swedish women have one of the highest employment rates of all OECD member countries. However, part-time employment and work absences are also high and thus 33 important to take into account. 5 hours less than the corresponding figure for Swedish men. This gap is much smaller than the average OECD gap in actual hours worked between men and women. The reason, however, is not that Swedish women work particularly long hours, but rather that Swedish men work relatively short hours.
Most benefits within the social security and pension system are linked to the socalled base amount. The base amount in Swedish Krona (SEK) is fixed for one year at a time and appreciated by the CPI. For 2002 the base amount equals SEK 37 900. 5 times the base amount. From 2001, the base amount in the pensions system will be indexed by 47 relation to the state budget with a contribution of 16%. In practice, contributions are recorded in individual notional accounts, which accrue in line with a three-year moving average of real wage growth.
Ageing and Employment Policies: Sweden (Ageing and Employment Policies) by Patrick Anderson