ABSTRACT

This chapter discusses the process preceding Sweden's two major pension reforms, passed in Parliament in 1959 and 1994 and implemented in 1960 and in a process beginning with the implementation of the new financial defined contribution scheme in 1995. It deals with the political background of the two reforms, those of 1960 and 1994 and discusses the implications for occupational schemes and also considers concerning funding. The chapter explores the disability system, a part of the earnings-related supplement (ATP) system introduced in 1960, became an instrument for solving problems in the labour market. The national confederation of blue-collar workers had been unsuccessful in bringing about an agreement for blue-collar private sector workers with the Swedish Confederation of Employers. The Swedish notional defined contribution scheme has also established financial accounts stating the assets and liabilities of the scheme. The ATP reform provided an opportunity for the Social Democratic Party to aid the bluecollar workers in obtaining an earnings-related occupational scheme.