The government has previously stated that Swedes "live longer and healthier lives," requiring a pension to suffice for a longer time after retirement. Now, almost all parties have agreed on a proposal that will be sent to the Riksdag to increase the retirement age.

The change will take place gradually starting next year. In 2020, the lowest age to start receiving a general pension is increased from 61 to 62 and the right by law to retain employment is increased from age 67 to 68. In 2023, the minimum age to start receiving a general pension will increase to 63, and the minimum age for the so-called guarantee pension is increased to 66. Also, the right by law to retain employment will increase to 69. In 2026, the minimum age to start receiving a general pension will rise to 64 years; the minimum age for guaranteed pension is linked to a new target age, which is expected to be 67.

(In Sweden, the guarantee pension [garantipension] is a separate part of the general [allmän] pension and is a basic security for people with low or no income, which pays SEK 8,000 (about $900) for a single person in retirement.)