Early Retirement Numbers Fall

The numbers of people taking early retirement in Sweden has lowered dramatically in recent years but according to Swedish Radio Ekot, the number of young people taking early retirement has increased.

The figures for those aged 30 and over taking early retirement has lowered from around 70,000 to 16,000 from the period 2004 to 2009, while the numbers of those under 30 taking early retirement has gone up from 4,500 to 6,500. 

The underlining reason for the cuts in early retirement over the age of 30 is said to be the centre-right government's pension reform in July 2008 which as part of a wider package aimed at reducing the numbers of long term sick, introduced tougher rules for those aged 30 and above on taking early retirement on the grounds of sickness, now known as permanent sickness compensation.

Ekot took its figures from a report by The Swedish Social Insurance Inspectorate (ISF) a new Swedish government agency, established on July 1, 2009.

The government came into power in 2006 on a pledge of lowering Sweden's high level of long term sick. 

In Sweden, lifetime earnings effect how much a person receives in retirement.