The insurance agreement that a company signs with Fora is a complete insurance package. The package contains all the insurances and the occupational pension that wage-earners in privately owned companies should have under the collective agreement. Companies without collective agreements can also sign the insurance package agreement.
Some of the insurances in the collective agreement for salaried employees in privately owned companies can be signed via Fora. The rest can be signed via e.g. Collectum.
Some insurances for municipal and county council employees can be signed via Fora, and the rest via other companies.
Signing insurance agreements
The insurance agreement is signed by sending a form to Fora. The company then receives confirmation by post that the insurance agreement is signed. Companies that have signed collective agreements with trade unions do not need to send in a form: they will receive confirmation as soon as Fora has been informed that the collective agreement is signed.
The cost of insurances and occupational pensions is a percentage of the salaries that the company pays out. Fora’s initial calculations are based on the salaries that the company specified when it signed its insurance agreement. This is an estimate of how much the company will pay out in salaries during the year – the preliminary salaries.
Fora invoices for the insurance agreement every other month, starting in February.
Reporting final salary details
In January, the company supplies Fora with a detailed report of the salaries that were actually paid out the previous year – the final salaries. As soon as Fora has received the final salary details, it calculates the final cost for the previous year. This cost is compared to how much the company has already paid in. The company may have paid too little or too much. This is adjusted on the February invoice.
The salaries that are reported to Fora in January are used to generate invoices throughout the year. If something happens that affects the salaries the company pays out, the preliminary salaries can be updated. The invoice from Fora will also be updated.
SAF-LO Collective Pension Insurance
In the salary report in January, the company also supplies the Swedish personal identity number and salary of everyone who has been employed as a wage-earner during the year. Fora calculates how much money should be paid towards the wage-earners’ SAF-LO Collective Pension Insurance. The money is transferred to the pension manager selected by the employee.
In the spring, the employee receives a pension statement that shows how much money has been transferred to the pension manager and the value of the pension pot at the turn of the year.