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Welcome to VFF Pension

Welcome to VFF Pension

Welcome to VFF Pension. On this website we have gathered together everything you need to know about Volvo Företagspension and our operations. If there is anything you want to ask, do not hesitate to get in touch with us.

Marie Hagstedt, VD

My pages

When you log in to your personal pages you can see all the details of your savings with us. You can log in conveniently with your Bank-ID or using a password that you can request from our insurance administration unit.

Contact us
  • vff@volvo.com
  • 031-66 12 10
    Monday - Thursday 9-11 and 13-16, Friday 9-11 and 13-15
  • Götaverksgatan 2
  • M2.7, 405 08  Göteborg

Qualifications, conditions & premiums

Occupational pension for employees of Volvo Group

All Volvo Group employees in Sweden, apart from vacation temps and work-experience/internship staff, are covered by Volvo Företagspension, the company’s pension scheme.

If you are a permanent employee, you are covered as of your first full month of employment. If you have a temporary job, you must have been employed for three complete consecutive calendar months during the year in the same company and at the same location.

Parental leave

You are covered by Volvo Företagspension in the event of parental leave.

Illness

Your premium is reduced in the event of illness. In the case of long-term illness the premium is paid for half of the first three full years of illness.

Leave of absence and study leave

During leave of absence that is not the basis for calculating your annual vacation, no premiums are paid to Volvo Företagspension on your behalf.

Ordinary premium

The full annual premium for both white and blue-collar staff for 2018 is SEK 8,016, that is to say SEK 668 per month between 2018-01-01 – 2018-12-31. Half annual premium for 2018 is SEK 4,008, that is to say SEK 334 per month. The premium is index-secured since it keeps pace with changes in the income base amount.

Full premium if you work more than 50%. If you work 50% or less, but no less than 20%, you get half a premium.

The premium for Volvo Företagspension is paid in as a lump sum in the following year. This means that the account statement sent at the start of the year does not include the previous year’s premium.

In My Benefits you can see all the paid-in premiums and the insurance capital.

Time bank conversion

The Volvo Group allows you to convert your time-bank hours into beneficial pension savings in your Volvo Företagspension account. Register this directly in your time report. In addition to you receiving a higher pension, the company adds about another 5.7% to your savings, thus further increasing your future pension.

In order to transfer work-hours from your regular time bank, go to “Alternative compensation” in time info and select code 86.

To transfer work-hours from a temporary time bank, go to “Alternative compensation” in time info and select code 89.

Occupational pension for employees of Volvo Car Group

All employees of Volvo Car Group and its subsidiaries in Sweden, apart from vacation temps and work-experience/internship staff *), are covered by Volvo Företagspension, the company’s pension scheme.

If you are a permanent employee, you are covered as of your first full month of employment.

If you have a temporary job, you must have been employed for three complete consecutive calendar months during the year at Volvo Car Group or one of its subsidiaries.

Unlike the centrally negotiated occupational pensions, Volvo Företagspension has no age limit.

*) In addition, employees paid according to daily rates (such as pool staff working flexi-hours, hourly paid staff and so on) and employees hired on International Assignments, do not qualify for premium payments.

Parental leave

You are covered by Volvo Företagspension in the event of parental leave.

Illness

Your premium is reduced in the event of illness. Consecutive full-time sickness absence generates a premium payment from the year in which the illness occurred up to and including the third year of illness as follows:

For the first 180 days = Full annual premium

More than 180 days = Half the annual premium

If the illness is caused by a verified work-related injury, special regulations apply.

Leave of absence or study leave

During leave of absence for complete calendar months that are not used as the basis for calculating your annual vacation, no premiums are paid to Volvo Företagspension on your behalf.

Ordinary premium

The full annual premium for 2018 is SEK 6,324, that is to say SEK 527 per month. The premium is calculated for every month of employment. The premium is index-secured since it keeps pace with changes in the income base amount.

The full premium is for staff who work more than 50%. If you work 50% or less, but no less than 20%, the premium is halved.

In the event of part-time work owing to parental leave, the basis for calculation is the number of hours worked per day before parental leave started.

The premium period is 1 November to 31 October each year. The premium is paid as a lump sum in the December after the end of the premium period.

Time bank conversion

You can convert your time-bank hours into beneficial pension savings in your Volvo Företagspension account. Register this directly in your time report.

In addition to you receiving a higher pension, the company adds about another 5.7% to your savings, thus further increasing your future pension.

Bonus conversion

Your employer allows you to convert your cash bonus into a premium for Volvo Företagspension. You make the bonus conversion in Your Benefits during the relevant selection period. The most recent selection period was 26 Mars until 8 April 2018.

In addition to you receiving a higher pension, the company adds about another 5.0% to your savings, thus further increasing your future pension.

To see the premiums paid to your insurance, log on to your personal website with a Bank-ID or a password.

Converted bonus is paid into your insurance approximately one month after the conversion period has come to an end.

Seniority premium

When you have worked for 25, 35, 45 and 50 years, this is rewarded with a premium in Volvo Företagspension.

Occupational pension for employees of Other Companies

 

Qualification and conditions

The companies listed under Other Companies are those that were previously part of AB Volvo or Volvo Car Group. Other Companies have chosen to continue being members of VFF Pension.

Normally all employees apart from vacation staff and interns are covered by Volvo Företagspension. Unlike centrally agreed occupational pensions, Volvo Företagspension has no age limit.

Regular premium

Your employer pays in the premium to your Volvo Företagspension. Most employers have chosen to pay an annual regular premium at the start of each year. The premium is based on the number of months you worked the previous year, or an agreed premium period. AMTEK has chosen to pay the regular premium on a monthly basis.

Time bank conversion

Some employers have chosen to give their employees the opportunity to convert their time bank hours into favourable pension savings in their Volvo Företagspension.

Seniority reward

Some employers have chosen to reward employees who have been with the company for 25, 35, 45 and 50 years, by paying in a special premium to their Volvo Företagspension.

Sickness leave and parental leave

The premiums for your Volvo Företagspension can be affected by sickness leave and parental leave.

Leave of absence and study leave

The premiums for your Volvo Företagspension can be affected by both leave of absence and study leave.

To find out what applies for your employment contract, contact your local HR department or pension manager.

The following companies are at present listed as Other Companies

Automotive Components Floby AB
CPAC Systems AB
GKN Aerospace ACAB
GKN Aerospace Sweden AB
GKN Drivline Köping AB
Jernbro Industrial Services AB
Logent AB
VFF Pension

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