Pension reform extends working lives
The majority of older workers defer retirement and continue working in pace with the rising retirement age. Last year, around 45,000 Finnish citizens retired on an old-age pension.
Pension indicators in one package
The report on pension indicators is a compact information package on the state and projected outlook of earnings-related pensions. The report is directed at decision-makers and all interested in the outlook of pension provision. In this report, the most important indicators and key figures of pension policy are grouped into three categories by theme: length ...
Forewarned is forearmed – automatic stabilizing mechanisms in pension financing in five countries
Our pension system is currently sailing through deep waters. The seas are likely to get rougher in the future. Reduced fertility rates and lower interest rates form dark clouds on the sky over our pension system. The most recent gust of icy winds is the corona pandemic, which has only added to the challenges pension financing faces. Yet it is possible to navigate through the rough seas - partly on automatic pilot.
How does the quality of life of older Finnish citizens compare to that of older citizens in Europe?
Older people in Finland are forced to give up on things they want to do because of shortage of money and family responsibilities slightly more often than their Swedish and Danish counterparts. Nevertheless, such problems are considerably less common in the Nordic countries than in Eastern and Southern European countries. Things are left undone more often due to shortage of money than family responsibilities.
Brexit affects our services
The withdrawal agreement includes a transition period until the end of 2020. Until then, EU’s current regulations will prevail.
Continuing under current EU regulations means, among other things, that a worker posted to Britain can be issued an A1 certificate. Earnings-related pensions are also paid to Britain as usual, and pensions earned in Britain are paid to Finland under EU regulations.