Swedish early retirement pension scheme lets workers retire at 62 with up to 80% of final salary

A new Swedish law permits workers to begin receiving pension benefits at age 62. The scheme draws down an occupational pension over a ten‑year period after 62, pauses at age 67, and then spreads the remaining capital over an additional 15 years. This structure can provide a total pension equal to roughly 70‑80 % of the final salary, but it requires a sizable pension fund of about 3‑4 million SEK and results in higher tax in the early years.

Separately, Royal Decree 402/2025 creates a specific early‑retirement route for self‑employed transport workers who face hazardous or unhealthy conditions. A commission of ministries, employers and unions will set a reduction coefficient and any extra contributions before a final decision is issued by the General Directorate of Social Security Regulation.