Agreement on Pensions, Insurance, and Transition Reached
The Confederation of Swedish Enterprise, LO, and PTK have reached an agreement on collectively bargained pensions, insurance, and workforce transition. The agreement entails changes to the collectively bargained pension and insurance systems, with the aim of creating long-term, sustainable conditions that safeguard companies’ competitiveness and employees’ security.
Among other things, the changes mean that pension contributions in ITP Division 1 will cover more years of working life, as well as adjustments to workers’ compensation insurance, the collectively bargained parental leave supplement, and transition assistance. A key issue in the negotiations has been how to address the increased costs.
“It’s positive that the parties have been able to reach an agreement. For our member companies, it’s important to have long-term and predictable terms that provide security for both employers and employees, while also safeguarding the companies’ competitiveness,” says Einar Humlin, chief negotiator at TechSverige.
The next step is for the relevant unions and their counterparts to adopt and sign the agreements. TechSverige is continuing to work on this and will provide more information on what the changes mean for our member companies.