If your employment at a bank/company ends due to redundancy, you are covered by the security fund until you obtain new employment for a maximum of five years from your last day of employment. Trygghetsfonden BAO / Finansförbundet is a supplement to other resources in the labor market. Our grants are intended to provide support during your unemployment in the transition to new employment. There is no requirement that you are a member of a trade union or unemployment insurance fund.
Your employer must immediately notify us after dismissal/individual agreement with you. Your employer must register you before you can log in to our portal.
To be covered, you must ALSO register with us when your employment ends and no later than one year from your last day of employment. If you do not register with us, your case will be closed and you will not be covered by the fund. Your employment must also have ended/terminated.
During a non-working notice period or when severance pay is provided, you can be eligible for grants for education, counseling support or starting your own business.
Log in and manage your case in our case management portal. You need to log in with BankID to access the digital service.
To be covered, you must register with us when your employment ends and no later than one year from your last day of employment. Our grants are intended to provide support during unemployment in the transition to new employment. Therefore, it is important that you are active in your job search and maintain contact with us at least once a year.
Only terminations or individual agreements based on redundancy qualify for benefits from us.
You can apply for the grants listed below. Our grants are intended as support during unemployment in the transition to new employment. Grants are paid out at the earliest from the date of approval. Approved grants are valid for one year from the date of approval.
This supplementary grant can be provided during the period you are still job-seeking and receiving compensation from unemployment insurance. The grant supplements the unemployment insurance compensation.
We offer support when you start your own business after being made redundant. The grant provides you with financial security during the start-up phase of your business.
Additional compensation for full-time studies provides you with financial support when you choose to pursue further education after being made redundant.
A one-time payment of SEK 12,000 may be granted to you if you have been employed for a shorter period and are studying full-time.
The education grant provides financial support for skills development that facilitates your transition to new employment or business activity.
A financial contribution towards professional counselling support if you find yourself in a personal crisis following redundancy.