
Book reserve method
Instead of paying premiums to a life insurance company, your company can enter the benefit obligation as a liability.
The pension is paid as soon as an employee retires. PRI Pensionsgaranti registers the commitments, estimates the liability and ensures that the pension is paid. With credit insurance, the employees are guaranteed their pensions, even if the company goes bankrupt.
Both Pensionsgaranti and PRI were founded in 1961 as the ITP plan was formed. The majority of Sweden’s largest companies are policy-holders and clients of PRI Pensionsgaranti. PRI Pensionsgaranti also offers management of pension plans other than ITP, and estimates liabilities according to IAS 19.