On April 19, Svemek (mechanical employers’ organization) signed a new deal with IF Metall (metalworkers’ union), and with Unionen (private sector), Sveriges Ingenjörer (Swedish engineers) and Ledarna (managers’ union) for the period between June 1, 2013 and May 31, 2016. The agreement provides for a 6.8 percent global wage increase but a growing share is going to be used for funding part-time retirement benefits. The implementation of the agreement is on its way because of the need to change the sector’s early retirement system. (Ref. 130507)
Clearer funding for part-time retirement. In order to secure the possibility of part-time retirement, the social partners agreed to finance an additional allowance for the existing early retirement system. Businesses will use about 0.5 percent of the increases to fund the additional benefits (0.2 percent on June 1, 2014 and 0.3 percent on June 1, 2015). For executives, the supplement will amount to 0.6 percent. The agreement also provides a solution to the issue of the working hours taken i
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