Gratifikation ITP1

English translation: Gratuity, pensionable under ITP1

16:27 Nov 27, 2022
Swedish to English translations [PRO]
Economics / Payslip
Swedish term or phrase: Gratifikation ITP1
On a Swedish payslip. Loose word.
Helena Grahn
United Kingdom
Local time: 18:49
English translation:Gratuity, pensionable under ITP1
Explanation:
Good explanation here https://collectum.se/foretag/rapportering/pensionsmedforande...

I don't think it is necessary to spell out ITP1
Selected response from:

Agneta Pallinder
United Kingdom
Local time: 18:49
Grading comment
tackar
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +1Gratuity, pensionable under ITP1
Agneta Pallinder
1supplementary pension for salaried employees in industry and commerce gratification pay
andres-larsen
Summary of reference entries provided
ITP 1 Retirement pension
andres-larsen
see
liz askew

Discussion entries: 1





  

Answers


6 hrs   confidence: Answerer confidence 1/5Answerer confidence 1/5
supplementary pension for salaried employees in industry and commerce gratification pay


Explanation:
THE SWEDISH SOCIAL SECURITY SYSTEMhttps://investinskane.com › sites › files › files › th...
PDF
B SWEDEN · — SALARIED EMPLOYEES. The ITP, or supplementary pension for salaried employees in industry and commerce, is based on a collective agreement between Svenskt ...
8 pages

Sweden | OECD
https://www.oecd.org › PAG2013-profile-Sweden
PDF
It is possible to defer the ITP1 occupational pension after age 65. No additional pension rights can be accrued after age 65, unless you have reached a special ...

Pension Politics in the Nordic Countries: A Case Study - jstor
https://www.jstor.org › stable
Einar Overbye · 1996 · — as "gratification pay" rather than as "deferred wages" (Hyman and Schuller,. 1983). Since they were not linked to wage negotiations, they...

Public-Or-Private-Pensions.pdf
https://www.irle.berkeley.edu › files › Public-Or-P...
PDF
Einar Overbye · — In all the Nordic countries, the original "gratification pay" type of occupational pension schemes served as a point of reference for the pensionpolitical demands of other groups.

This is ITP - Collectum
https://collectum.se › private › this is ITP

ITP 1 and ITP 2
You have either ITP 1 or ITP 2, depending on your age. (If the company has applied for and been granted ITP 1 for all salaried employees, ITP 1 may apply for everyone, regardless of their year of birth.)

ITP 1, for salaried employees born in 1979 or later, includes a defined contribution retirement pension.
ITP 2, for salaried employees born in 1978 or earlier, includes a defined benefit retirement pension.


andres-larsen
Venezuela
Local time: 13:49
Native speaker of: Native in EnglishEnglish
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17 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
Gratuity, pensionable under ITP1


Explanation:
Good explanation here https://collectum.se/foretag/rapportering/pensionsmedforande...

I don't think it is necessary to spell out ITP1

Agneta Pallinder
United Kingdom
Local time: 18:49
Works in field
Native speaker of: Native in SwedishSwedish, Native in EnglishEnglish
PRO pts in category: 17
Grading comment
tackar

Peer comments on this answer (and responses from the answerer)
agree  Christopher Schröder
1 day 5 hrs
  -> Thanks Chris!
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Reference comments


2 hrs
Reference: ITP 1 Retirement pension

Reference information:
ITP 1 Retirement pension - Alecta
https://www.alecta.se › for-employees
When you turn 25 your employer begins paying in contributions to your retirement pension. Your employer pays these contributions into your defined-contribution ITP 1 Retirement pension each month.

The amount your employer pays
This is how much your employer pays in to your occupational pension:

4.5% of your monthly salary on amounts up to SEK 44,375.
30% of your monthly salary on amounts over SEK 44,375.
Payments into your ITP 1 Retirement pension will continue for as long as you are employed by your employer, usually until the age of 65. If you continue to work after this, you can come to an agreement with your employer stipulating that they continue to pay into your ITP 1 Retirement Pension even after you have turned 65.

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Note added at 2 hrs (2022-11-27 19:25:16 GMT)
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This is ITP - Collectum
https://collectum.se › private › this is ITP

ITP 1 and ITP 2
You have either ITP 1 or ITP 2, depending on your age. (If the company has applied for and been granted ITP 1 for all salaried employees, ITP 1 may apply for everyone, regardless of their year of birth.)

ITP 1, for salaried employees born in 1979 or later, includes a defined contribution retirement pension.
ITP 2, for salaried employees born in 1978 or earlier, includes a defined benefit retirement pension.

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Note added at 6 hrs (2022-11-27 22:55:38 GMT)
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Pension Politics in the Nordic Countries: A Case Study - jstor
https://www.jstor.org › stable
Einar Overbye · 1996 · — as "gratification pay" rather than as "deferred wages" (Hyman and Schuller,. 1983). Since they were not linked to wage negotiations, they...

Public-Or-Private-Pensions.pdf
https://www.irle.berkeley.edu › files › Public-Or-P...
PDF
Einar Overbye · — In all the Nordic countries, the original "gratification pay" type of occupational pension schemes served as a point of reference for the pensionpolitical demands of other groups.

andres-larsen
Venezuela
Native speaker of: Native in EnglishEnglish
Login to enter a peer comment (or grade)

6 hrs
Reference: see

Reference information:
https://mintrygghet.se/ordlista/#letter_I
ITP

Avtalspension – den vanligaste – på privata sektorn. ITP betyder: Industrins och handelns tilläggspension för tjänstemän.

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Note added at 6 hrs (2022-11-27 22:51:57 GMT)
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Ålderspension - ITP 1 och ITP 2 + ITPK - Collectum
https://collectum.se › foretag › alders...
·
Translate this page
ITP 2 – förmånsbestämd ålderspension. Innebär att pensionen, men inte premien, är bestämd på förhand. · ITPK – premiebestämd kompletterande ålderspension.

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Note added at 6 hrs (2022-11-27 22:53:24 GMT)
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https://www.saco.se/globalassets/lokala-webbplatser/akademik...

The Work Environment Agreement
 The Industrial Supplementary Pensions Scheme - the ITP
Agreement

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Note added at 6 hrs (2022-11-27 22:56:51 GMT)
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What is ITP 2? - PRI Pensionsgaranti
https://www.pri.se › itp-2 › what-is-itp-2
8 Aug 2018 — ITP 2 is an occupational pension package with several elements: Retirement pension ITP 2 – a defined-benefit pension, calculated based on ...

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Note added at 6 hrs (2022-11-27 22:57:35 GMT)
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This is ITP - Collectum
https://collectum.se › your-occupational-pension-itp › t...
ITP 1, for salaried employees born in 1979 or later, includes a defined contribution retirement pension. ITP 2, for salaried employees born in 1978 or earlier, ...

liz askew
United Kingdom
Native speaker of: Native in EnglishEnglish
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