Proposal for Content of Pension Reform Completed

(27.10.2014 - News)
The central labour market organisations - the Central Organisation of Finnish Trade Unions (SAK), the Confederation of Finnish Industries (EK), the Local Government Employees (KT), the Finnish Confederation of Professionals STTK - which have negotiated the content of the forthcoming pension reform, have reached an agreement for a proposal for amendments to the earnings-related pension scheme. The agreement is now available in English (see link below).

Wage Coefficient for 2015 Confirmed

(22.10.2014 - News)
The Ministry of Social Affairs and Health has confirmed today (22 Oct. 2014) the wage coefficient for 2015 at 1.363. The 2015 coefficient will be slightly less than one per cent higher year-on-year.

Finland Ranking High in International Pension Comparison

(13.10.2014 - Notice)
The Finnish pension system came fourth in the international Melbourne Mercer Global Pension Index comparison published today. The Finnish pension system was included in this comparison for the first time. Finland did particularly well in the sub-index of integrity, in which the overall governance of the system and its transparency were assessed.

Pension Reform 2017 and Microsimulation, Growing Pension Assets and Expensive Disability

(03.10.2014 - News)
Laura Räty, Minister of Social Affairs and Health, believes in a stable and predictable pension system, such as the one resulting from the forthcoming pension reform in 2017. Heikki Tikanmäki, Development Manager of the Finnish Centre for Pensions, has used microsimulation to assess the impacts of this pension reform.

Handling Times at the Finnish Centre for Pensions

(01.09.2014 - News)
As of 1 September 2014, the average handling times at the Finnish Centre for Pensions will be published on Etk.fi. The handling times of applications that have become pending on the initiative of employees, employers or self-employed persons will be posted on the website.

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The Finnish Centre for Pensions is the central body of the statutory earnings-related pension scheme and an expert in pension provision. Read more
Number of pension recipients 1,513,000