According to an announcement published by the Swedish Tax Agency on 17 June 2015, the Swedish parliament has approved changes to the country's social security contribution rates for young workers. From 1 May 2015, the employer contribution rate for employees born in 1989 is increased to the standard rate of 31.42%. From 1 August 2015, the reduced rate that applies for young workers born in 1990 or later is increased from 15.49% to 25.46%.