The Swedish government has tasked the National Government Employee Pensions Board (SPV) with examining how to better protect the value of state-linked annuities paid to certain non-state employees.

Under Swedish regulations, there are professional groups, such as in the theatre, dance and music sectors, and certain civil defence associations, who are not employed by the state but are entitled to a state annuity.

The state annuity is paid for life from the age of 65 to eligible employees.

However, Minister for Civil Affairs, Erik Slottner, noted that for the professional groups in question, “there may have been a long period of time between the end of their employment and the payment of the annuity”.

Currently, annuities for these groups are indexed based on the price base amount from the year before the annuity payments begin, meaning that the value of the annuity can decline over time.

Therefore, the possibility of introducing indexation for employees who are not government employees but are entitled to a state annuity will now be investigated.

The government said that, if introduced, indexation should correspond to the conditions that apply for the annuities of government employees under current state occupational pension agreements.

The assignment also includes analysing and reporting the consequences of introducing such a measure, including its financial implications, and proposing how it could be funded.

SPV must submit its findings to the government by 31 March 2026.

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