ITP2
ITP2 is the older occupational pension for many private-sector white-collar employees born before 1979. Unlike ITP1, it is mainly defined-benefit: it promises a set percentage of your final salary, rather than depending on contributions and returns.
Defined benefit
With a defined benefit, the employer’s job is to make sure the promised pension is actually there, so the investment risk sits with them, not you. The amount is tied to your salary in the years before retirement and your years of service, with a higher promised percentage on salary above 7.5 × IBB.
ITPK, the part you invest
ITP2 also includes a smaller defined-contribution slice called ITPK, which you invest yourself much like ITP1. So most ITP2 members have a large guaranteed part plus a small self-managed part where fund choice matters.
Where it shows up
- Pension
Because the benefit follows your final salary, a late-career raise can lift it, and the trade-offs of löneväxling work differently than under ITP1. If you have ITP2, check how a salary change affects the promised amount before sacrificing.