Total Swedish pension payments have been SEK 8bn higher in the past 18 years since the introduction of a new compliance index in 2001/02, according to calculations from Pensions Myndigheten.

This translates to approximately SEK 300 per pensioner each month, which the Swedish Pensions Agency explained was due to increased income and supplementary pensions, with the vast majority of pensioners seeing positive change and a real increase in pensions.

The research also noted that, across the period spanning 2002 and 2020, the current recalculation of income pensions has exceeded inflation by just over four percent.

Swedish Pensions Agency analyst, Tommy Lowén, noted that those who retired in 2011 or 2012 have benefitted the most from the new index, having actually received increased pensions by about seven per cent until 2020.

However, he noted that not all have benefitted equally, acknowledging that those who retired during the financial crisis in 2009 have received pensions that are unchanged from the previous index or are slightly lower.

"On average, pensioners have benefited from the transition to compliance-indexed income pensions," he stated. "But those who retired during the financial crisis in 2009 have until 2020 received real unchanged or just over 0.3 percent lower pensions."

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