Pensions

The CEO has a defined contribution pension arrangement. The pension contribution corresponds to 4.5 percent of the base salary up to 7.5 in come base amounts and 30 percent above. In addition, a yearly fixed contribution of SEK 6,000,000 is paid to the pension plan. The age of retirement for the CEO is 65. However, the CEO has the right to early retirement from age 60. The Board of Directors can also request the CEO to retire from age 60. In such a case, no pension contributions will be paid after the early retirement.

The age of retirement for the EVP is 60. Pension benefits between age 60 and 65 shall equal 70 percent of pensionable salary. Pension benefits after age 65 shall be paid in accordance with the ITP plan with supplementation of benefits, amounting to 32.5 percent of the pensionable salary, for that part of salary exceeding 20 income base amounts. Pensionable salary equals the base salary. All pension benefits are unassailable, i.e. are not subject to conditions concerning future employment. The age of retirement for other members of the Leadership Team varies between 60, 62 and 65.