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Your money – with and without a collective agreement

Collective agreements are of great financial significance when you retire or your income drops, for whatever reason, and are an important supplement to public social insurance. There may be a difference of several thousand krona per month for you, depending on whether or not there is a collective agreement at your workplace.

This brochure is for people who would like to find out more about what a collective agreement is and the effect it could have on your economy. It tells you the financial value of a collective agreement during various life events. A collective agreement is an insurance policy throughout your career 

The difference between being covered by a collective agreement or not could be several thousand krona per month. You have a lot to gain if your income exceeds the cap on public social insurance policies. 

Collective agreements are drawn up between unions and employers. On their members’ behalf, Saco’s unions have negotiated with employers and made collective agreements for occupational pensions and a large number of insurance schemes, among other things. An employer or an individual would find it difficult to get the equivalent benefits at the same low cost in any other way.

This brochure tells you how much extra you’ll receive in case of:

  • illness
  • unemployment
  • parental leave
  • work-related injury
  • retirement
  • death

The majority of Swedish workplaces have collective agreements, but not all. You should therefore check whether the workplace has a collective agreement when you apply for a job or change employer, as this has a major impact on your personal finances.

Published: 2016-06-16

Updated: 2023-03-31

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