EUR 28.1 Billion in Pensions in 2014

(20.11.2015 - News)
The most recent edition of The Statistical Yearbook of Finland shows that a total of EUR 28.1 billion was paid in pensions in 2014. This accounts for 43% of the social expenditure and 14% relative to GDP. The statistics offers comprehensive information on all pension recipients and new retirees within the earnings-related and the national pension schemes, as well as of the pension expenditure.

Growth in Working in Retirement Stalled

(19.11.2015 - Notice)
The number of 63-67-year-olds who worked nearly doubled in the years 2007-2013 when the baby boomers reached their retirement age. However, in 2013, the growth stalled: working in retirement has not increased, but working past the earliest eligibility age continues to do so.

Life Expectancy Coefficient Confirmed for 2016

(17.11.2015 - News)
The life expectancy coefficient, confirmed by the Ministry of Social Affairs and Health, will be 0.96800 in 2016. The coefficient will reduce the old-age pensions under the earnings-related pension acts by 3.2 per cent for people born in 1954 whose pensions will start in 2016 or later.

Highest Return Rate on Pension Contributions for the Already Retired

(10.11.2015 - Notice)
People born in the 1940s will receive a real return on their pension contributions of approximately 5 per cent. The equivalent rate for those born in the 1970s and later is estimated to be an ample two per cent. The return rate is higher for women since they live longer than men do.

News Archive
The Finnish Centre for Pensions is the central body of the statutory earnings-related pension scheme and an expert in pension provision. Read more