Earnings-related pension contributions in 2018

The central labour market organisations have agreed on the private sector earnings-related pension contributions for 2018. On average, the contribution will be 24.4 per cent of the gross wage.The contributions for 2018 are based on previous agreements made by the central labour market organisations about the pension contributions for 2016-2019 and the competitiveness pact.

On the whole, the earnings-related pension contribution is at the same level as in 2017, but the employee’s share of the contribution will rise by 0.20 percentage points as part of the employer’s share is transferred to the employee as a result of the competitiveness pact.

Earnings-related pension contributions in 2018

Employee’s age % of annual gross wage
under 53 or over 62 years 6.35
53-62 years 7.85
Employer’s contribution 17.75%
Self-employed person % of annual confirmed income
under 53 or over 62 years 24.10
53-62 years 25.60

The Ministry of Social Affairs and Health will confirm the grounds for the earnings-related pension contribution upon application by the earnings-related pension insurers.

More information

Jukka Rantala, Chair, Labour market organisations’ pension negotiation group
phone: +358 29 411 2533, +358 40 585 0021
e-mail: jukka.rantala(at)etk.fi