Full resolution (JPEG) - On this page / på denna sida - Second part - XVI. Labour Legislation and Social Statistics - 2. Social Condition and Social Statistics - Pension Funds, by H. Burström, Actuary at the Royal Central Bureau of Statistics
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1094 xvi. labour legislation and social statistics of sweden.
Pension Fnnds.
Among the Swedish pension funds two groups are distinguishable.
The one embraces those funds that, like the sick-relief and foneral
funds, owe their origin to voluntary union for mutual support. These
being the most numerous, though less important in extent, as a rule,
grant pensions only to such as are in want; for which reason the
assistance rather resembles relief than pension in the ordinary sense
of the word. The number of pensions acquirable is often also fixed
and the amount of the pension depends upon the accessible means of
the fund. The funds founded at the initiative of employers, and which,
as a rule, receive support from them, are of another character.
Membership is obligatory in such funds for all persons employed in the sphere
of work in question; and the member’s right to pension commences
when a fixed age is attained, usually concurrent with the age fixed
for retirement from service; and at the death of the husband or father,
the widow and children eventually receive pensions irrespective of the
financial position of the estate. Such are the arrangements of the
large pension funds for the servants of the State and for those in the
employment of the communities, also of those funds which of låte have
been established at different places for persons employed by private
concerns, such as railway companies, large industrial establishments,
and the like.
Our knowledge of the existing pension funds, like that of sick-relief funds,
is to a certain extent imperfect. However, according to accessible information the
number of the former (with the exception of those of the »Seamen’s Register
Offices», see p. 973) in 1895 amounted to 180, representing a cash balance of
about 110,300,000 kronor at the expiration of 1900. Two funds were even
established before the beginning of the 18th century, 18 during the 18th century,
38 during 1801/50, and 115 since the middle of the 19th century. No less
than 63 funds with a combined capital of 102,797,937 kronor (or about
93 •» of the capital of all the funds), had their seats in Stockholm, but it must,
however, be borne in mind that several of these funds operated over the whole
country. Besides the funds accounted for, with statements of particulars in
Table 166, page 1096, the respective capitals of the following, at the
expiration of 1900, may be mentioned: The Pension and Maintenance Fund of the
Steamship Captains’ Association (143,476 kronor), The Book-and Music-sellers’
Pension Association (321,401 kronor), The Mercantile Clerks’ Pension Association
(500,000 kronor), The Dramatical and Musical Artists’ Pension Association (206,026
kronor), The Artists’ and Authors’ Pension Association (237,852 kronor), The
Swedish Journalists’ Maintenance, Sick-relief, and Pension Society (173,285 kronor),
The Swedish Lady-teachers’ Pension Association (550,963 kronor), The Pension
Institution for Lady-teachers of Swedish Collegiate Schools for Girls (454,274
kronor), which since 1897 inclusive receives State subvention of 10 kronor per
member, The Apothecaries’ Life Annuity and Pension Fund (980,731 kronor).
Even among the provincial funds are to be found a few whose operations extend
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