Risk Management Paper Assignment Example | Topics and Well Written Essays - 500 words

Risk Management Paper - Assignment Example In each case, the old age benefits reflect the retirement benefits as they  attain  a certain age when working while that of  disability  benefit refers to inability to  do  work properly due to  sickness, accidents and age. Survivor benefits gets issued to the  dependent  either spouse or children in case of death of the insurer. To qualify for old-age benefits and guarantee pension, the  right  age  is 65. A Swedish resident is at least 3 years while receiving  low  or no income from earnings-related pensions. Pensions get paid  abroad  within the European Union and European Economic Area with certain conditions. Earnings-related to old-age, old  system  gives to  age  65 covering at least 3 years. The  complete  pension  requires at least 30 years of  coverage  while early pension becomes reduced and may be paid from  age  61 to 64 while deferred pension, may be deferred until  age  70. In earnings-related old-age pension at the new system, retirement age is flexible, starting at age 61. This  pension  is based  on lifetime earnings detailed in the system. The insured person should have annual earnings in exceeding of 17,935 kronor. Premium pension in the new system, its retirement age, is  flexible  beginning at age 61 and gets paid  abroad. Disability pension and sickness compensation, the insured persons, must have assessed work capacity oft 25% and then gets covered when the disability began. The disability pension comprises of a guarantee and an earnings-related pension. Guarantee pension of the insured should have at least 3 years of coverage. The  pension  is based  on  residence  and gets paid  abroad  within the European Union, European Economic Area, Switzerland, and Canada. Earnings-related pension to the insured should have at least 1 year of income in Sweden within a given period. Constant-attendance supplement get paid when the insured requires a