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Current state assessment

Analysis and findings on the company’s occupational pension obligations

Carrying out a current state assessment is a first step towards understanding where your business stands and identifying any errors. Once the assessment is complete, you will have a clear picture of your company’s current occupational pension obligations and confidence that you are paying the correct premiums for your employees.

Understanding your current situation allows you to plan and ensure correct administration in the future.

Read our client case study too:
CURRENT STATE ASSESSMENT IDENTIFIED DISCREPANCIES IN UP TO 33% OF PENSION REPORTING

A current state assessment answers

A current state assessment gives you valuable, objective insights into your pension administration and provides a starting point for future work.

A current state assessment gives you answers to:

  • Where you currently stand in relation to your pension policy and current regulations
  • Whether any employees have incorrect insurance cover, and how many
  • The extent of any risk exposure
  • The additional cost of incorrectly paid pension premiums
  • The size of any pension liability

How it works

The current state assessment provides a structured review of pension and insurance administration – from calculating the underlying figures to reconciliation and checks against regulations and agreements.

In brief, a current state assessment includes:

  1. Review
    Review of pension and insurance policies, procedures and recommendations from administration companies for managing
  2. Calculation
    Checking and calculating all employees’ pensionable salaries based on the applicable regulations and collective agreement categories.
  1. Reconciliation
    Verifying that all employees have insurance cover in accordance with collective agreements and any individual arrangements (high-level review only).
  2. Checks
    Checking invoicing from administration and insurance providers.
The current state assessment is made possible by FörsäkringsGirot’s system
and established process for managing occupational pension administration
as well as gathering information on salary reporting and invoice processing.
The work involves a range of reconciliations with, among others,
Collectum, Alecta, Fora and insurance intermediaries.

Read our client case study on the current state assessment

A Swedish company with approximately 1000 employees carried out a current state assessment of its pension administration together with FörsäkringsGirot. The assessment revealed discrepancies across several pension arrangements and errors in reporting between payroll systems, administration companies and insurance providers. In some cases, discrepancies were identified in up to 33 % of reporting.

Read more

Let us show you how we can best help you

The first step towards streamlining your occupational pension administration is to understand your current situation. Get in touch to find out more about how we can help you ensure reliable occupational pension administration.

Contact Försäkringsgirot