Pension guarantees

In the early 1990s, a number of government authorities were were reconstructed into corporate entities. The collective agreement pension liabilities the employees had earned were transferred to the newly formed companies.

The Government decided that these pension undertakings would be secured through guarantees by the National Debt Office, should the companies be unable to make payments in future.

Some of the pension undertakings that the National Debt Office secure are insured by PRI Pensionsgaranti (PRI). For these undertakings, the National Debt Office have issued a 'subsidiary guarantee', meaning that we will pay the pensions only if neither the company nor PRI are unable to do so.

The Debt Office's current largest pension commitment is in the companies that were previously part of the Post Office. Other pension guarantees include the former employees of the Swedish Forest Service and the National Swedish Board of Public Building.

As of 31 December 2014, we guaranteed pension undertakings of approximately SEK 8.6 billion. Nearly 5.7 billion of these were insured at PRI.