Here we’ve collected information relating to the FAQs received by Fora’s customer service due to the Coronavirus.
The information applies to manual workers who are employed by private-sector companies with collective agreements or by companies without collective agreements but that have signed insurance agreements with Fora. If you want to be certain that this information applies to you, please consult your employer.
Once you are no longer receiving any pay, your employer will cease paying money into your Avtalspension SAF-LO, collective pension insurance.
If the company you work for goes bankrupt and the company has a collective agreement, you can apply to get money paid into your occupational pension under the guarantee rules for Avtalspension SAF-LO, collective pension insurance. You apply yourself via a form.
If the company you work for does not have a collective agreement, there will be no guarantees that you get money paid into your Avtalspension SAF-LO, collective pension insurance.
If you are signed off sick and receiving compensation from Försäkringskassan- The Swedish Social Insurance Agency, your employer will not be paying any money into your occupational pension. But through Premiebefrielseförsäkring, Waiver of premium insurance, you can still get money paid into your Avtalspension SAF-LO, collective pension insurance.
It is important to view your occupational pension from a long-term perspective. The value of your Avtalspension SAF-LO, collective pension insurance, depends on many aspects, such as how long you have worked and had money paid in, your pay and how the money has been placed.
Your pension statement from Fora shows the value of your Avtalspension SAF-LO, collective pension insurance on 31 December 2019. If you have any questions about how the value of your pension capital has changed during 2020, please contact your pension manager directly.
Pensionsmyndigheten - the Swedish Pensions Agency has compiled FAQs that explain how your basic state pension, occupational pension and private pension savings are affected by Sweden’s stock market fall.
If you have been made redundant, you can get financial compensation in the form of severance pay. AGB, Severance payment insurance, is a lump sum that you can get if, among other things, you are over the age of 40 years and have worked for at least 50 months during a five-year period.
You may also be entitled to career readjustment support, which helps you to find a new job. Career readjustment support means that you can get help from Trygghetsfonden TSL to find a new job or training. You can access this support if you are made redundant.
If you are signed off sick for longer than 14 days, you can get compensation from AGS, Group sickness insurance. It provides you with additional compensation during the period you receive compensation from Försäkringskassan - the Swedish Social Insurance Agency.
If you have signed up for repayment cover, when you die your family (your beneficiaries) will receive the money that you have earned towards your Avtalspension SAF-LO, collective pension insurance. How much money your beneficiaries receive will depend on the size of your pension capital. This money is paid out monthly.
If you have not signed up for repayment cover, your pension money will be shared out among other pension savers who were born in the same year as you and likewise do not have repayment cover. This is called inheritance gains. Everyone who does not have repayment cover gets a little extra money for their occupational pension, thanks to inheritance gains.
Your employment includes life insurance called TGL, Group life insurance. This gives your survivors a lump sum if you die before you retire.