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Pension Indicators 2018

The Replacement Rate

The pension replacement rate is defined as depicting the earnings-related pension percentage share of the earnings level before retirement of a person who has retired on an earnings-related pension. The earnings-related pension includes all pensions in one’s own right paid as earnings-related pensions. The earnings level has been determined two and three years before the pension contingency year, based on earnings received. The replacement rate for wage earners was slightly lower than that of the self-employed. The divergence was also smaller than for the self-employed. In 2017, the replacement rate of the wage earners was 58 per cent on average and the median was 57 per cent.

Pension Indicators 2018

The income satisfaction paradox among pensioners in Europe

Pension System in Graphs and Figures

Download the slideshow or use it via SlideShare. Earnings-related Pension System in Graphs and Figures includes key information of the Finnish earnings-related pension system.


The exceptional investment strategy of the Danish ATP pension fund proved to be the most successful over the 10-year review period, despite the low returns in recent years. An international comparison of investment returns shows that, in recent years, the returns of the Finnish earnings-related pension insurance companies have been favourable. In the long run, […]