Robust Finnish pension system must prepare for future financial challenges
A fresh international evaluation of the Finnish pension system finds that the system efficiently alleviates poverty and provides a reasonable income for pensioners. Nevertheless, the system will face a financing challenge that must be addressed in due time, by either raising pension contributions or strengthening the adjustment mechanisms.
Launch Webinar 17 September 2021: Pension adequacy and sustainability – An evaluation of the Finnish pension system
An international and independent evaluation of the Finnish pension system commisioned by the Finnish Centre for Pensions and conducted by the distinguished pension expert Professor Torben M. Andersen (Aarhus University) is now completed. Prof. Andersen will present the results of his work at a webinar hosted by the Finnish Centre for Pensions.
We have moved to Kalasatama and serve our customers over the phone and online
As of 4 January 2021, we have moved to new premises at Kalasatama Campus at Tukkutorinkuja 5, Helsinki.
Note! Our Customer Service is located in the premises of International House Helsinki (IHH) at Lintulahdenkuja 2. Due to the corona pandemic, the service point is closed until further notice. Please contact us over the internet or by phone.
Why retire? Because we can
While there is rich research on Finnish retirement, relatively little is known about personal motivations behind retirement decisions. In latest round of the Survey on Health, Ageing and Retirement in Europe (SHARE) Finnish pensioners were asked a simple question: Why did you retire? More than 80 per cent indicated that they retired because they became eligible for a pension. Compared to other European pensioners, the influence of poor health on retirement decisions in Finland raises concern.
How many Big Macs can you buy with your net minimum monthly pension in the Nordic countries?
The minimum net pension in Norway is the highest in all Nordic countries, but the purchasing power is the largest in Denmark. The Danish can buy a Big Mac each day of the year with one month's minimum pension. The Finns have to settle for a Big Mac every second day. The Swedes get the lowest number of Big Macs with their monthly minimum pension.