Benefits in Sweden
Here you can read about some of the benefits that permanent employees in Sweden can take part of.
As an employee at Saab AB, you have your own Health Account of 4,000 SEK per year. The purpose of the Health Account is to provide you with a broader understanding of the health improvement initiatives that Saab AB supports, as well as giving you a great opportunity to choose the fitness activities that suit you best. Here at Saab AB, we are working to achieve a common goal – for you to feel good!
Pension and insurances
As an employee at Saab, you are covered by both pensions and insurances according to law and collective agreements. As a civil servant, you are covered by the ITP occupational pension and as a worker by the SAF-LO collective pension (Avtalspension SAF-LO).
You can read more about the ITP plan at www.collectum.se
You can read about the SAF-LO collective pension (Avtalspension SAF-LO) at www.fora.se
Bliwa is one of a small number of insurance companies specialising in personal risk insurance for groups of individuals. Saab has concluded a contract for voluntary group insurance with Bliwa which gives you access to good basic cover at different stages of life. Group insurance affords you the opportunity to choose cover to provide you and your family with financial security in the event of an accident, sickness or death.
The benefit portal My Saab, describes benefits that are linked to your employment such as Health Account, Pension and insurances and employee car.
Parental leave compensation
Through your employment, you are covered by collectively agreed parental insurance, which can provide supplementary payments when you receive parental benefit from the Social Insurance Agency, known as parental benefit supplement.
Reduction in working hours
For each completed week of work, time is transferred to a time bank. The time that the employee holds in the time bank can be appropriated as paid leave, cash payment or pension premium. Provision from time bank to pension premium/cash payment: During the month of December, it is possible to exchange time in My Saab. Payment will be made during the month of January.
Share Matching Plan
Since 2007, Saab has offered permanent employees the opportunity to participate in the Share Matching Plan. Employees can withhold up to 5 per cent of their gross base salary to purchase Series B shares on the Nasdaq Stockholm exchange over a twelve-month period. Provided that the participant retains the purchased shares for three years after the investment date and is still employed by the Saab Group, the participant will be allotted a corresponding number of Series B shares free of charge.
The background to this is that the Board finds it important and in every shareholders’ interest that employees of the Saab Group have a long-term interest in a positive development of the company’s share.
Saab Aktiv is an association in which all employees within the Saab Group are automatically enrolled as members, actively or passively.Its purpose is to promote the exchange of experiences and social interaction across the company’s internal boundaries. Saab Aktiv also aims to promote and encourage regular exercise and leisure activities among employees.
As a Saab AB employee, you have access to our holiday resorts and hotels in Tännes, Sälen and Öland.