Support throughout the process
At PRI Pensionsgaranti, we can help companies with all benefit and cost estimations relating to retirement pensions. Additionally, we manage the payment of ongoing pensions and provide a monthly indication of the current pension liability of the company. During the end of a company’s accounting year, a special financial statement will be provided.
With the book reserve system, we will finance your retirement pensions in a cost effective way with minimal management.
To increase security for employees, the company can apply for credit insurance. This implies that PRI Pensionsgaranti will guarantee the pension obligations in case a company can no longer pay the pensions.
Right to deduction
As a company, you can claim tax deductions for the cost of retirement pensions. Within certain limits, deductions can be claimed directly from the disposal of the pension liability. Otherwise, the deduction can be claimed as a pension payment.
White-collar workers
For companies that apply ITP 2 retirement pension in the book reserve method, the offer regarding retirement pension means that you increase the current pension liability with the estimated cost. As a client company, you can contact PRI Pensionsgaranti to request that the company’s credit insurance is extended in accordance with the current cost.
If the retirement pension is offered to a large number of people within a certain time period, a limit for credit insurance can be imposed for one or more companies within the group.
If the company is not a PRI Pensionsgaranti client, the company firstly has to apply for credit insurance.
Regardless if or if not your company manages ITP 2 in the book reserve method, or because of other reasons does not want to take out credit insurance, PRI Pensionsgaranti can provide help with estimations and mediation regarding retirement pensions. Companies may also allow PRI Pensionsgaranti to calculate the current pension liability for the financial statements.
The cost that enters as a liability is the cost for the temporary pension until the normal pension age. If the company and employee have agreed to retire the retirement pension of the ITP plan and compensate for loss of state pension, these costs can also enter as liabilities.
Some benefits are secured through insurance with Alecta, for example the ITP family pensions and the ITPK individual pension.
Blue-collar workers
PRI Pensionsgaranti has developed a solution that in a flexible way helps a company who wishes to have retirement pensions for their blue-collar workers in the book reserve method.
The temporary pension, until the normal retirement age, is put on the balance sheet and delivered monthly through PRI Pensionsgaranti.
Every month, the company receives an indication of the current pension liability and a separate financial statement that is sent at the end of the company’s accounting year.
PRI Pensionsgaranti makes a standard estimation of the premiums that would have been paid to the SAF-LO pension and to the general insurance, if the employee had been at the “normal” retirement age. The calculated amount is then transferred by the company to Fora that will distribute the premium to the insurance company that the employee has chosen for his or her SAF-LO pension. In this way, the company can offer the employees an early retirement without having their pension reduced.
The service includes documentation, which helps the company to consider the cost, as well as a presentation for the employee that is considering the offer.
To increase security for the employee, the company may issue credit insurance.