Maria Crofts: Impossible to lower the promised guarantee pension



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The EU verdict was handed down in December 2017, following a 13-year judicial process, and it is no exaggeration to say that Swedish politicians have been put to bed. But they soon realized that the conviction would have major consequences on the guaranteed pension

. The most urgent issue is payments to more than 40,000 guaranteed retirees living abroad. They decided that they would receive a guaranteed pension and that they might have received it for many years.

Abandoning of the promised money is not only unfair, but can have far-reaching consequences. How can Swedes trust the pension system if the pension can suddenly be reduced?

Politicians are well aware of the problem and the government and the members of the pension team are trying to find a solution.

Retirees abroad will retire until the end of 2019 through a temporary law passed at the Riksdag this fall. After the holidays, an investigation will begin to look at the whole problem with the guaranteed pension.

The task is not easy. Most of the evidence indicates that the entire pension guarantee system needs to be reviewed. It is complicated by the fact that the guarantee pension is one of the cornerstones of the original pension agreement.

The main problem is that the European Court of Justice does not regard the guarantee pension as a pension without a minimum benefit. This is because you do not earn the guarantee pension but get it by living in Sweden for a certain period of time.

One of the data of the investigators could be to try to make sure that the guarantee pension today is considered a pension in the Community acquired.

Another way is to abolish the guarantee pension and replace it with something else that also provides extra money to those who have earned a low pension.

But regardless of the investigator, the guarantee pension must be saved for those who own it today.

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