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Äldre kontorsanställd samtalar med yngre .

Age structure at work community affects continued working

A work community that includes both young and old workers encourages workers to stay in working life longer, a study by the Finnish Centre for Pensions shows. The extensive study based on register data examined the effects of interactions between individuals and work communities on continued working.

Ihmishahmot rivissä

Women’s monthly earnings 600 euros less than men’s

In 2018, the median monthly earnings of women insured under the earnings-related pension acts were 610 euros less than men’s. The gap was 850 euros in the private sector and 330 euros per month in the public sector. The monthly insured earnings of women were 80 per cent of those of men.

Two pension systems to become one

Private and public pension systems will merge into one pension system. Among other things, the merger will strengthen the sustainability and risk management of the earnings-related pension system and streamline the definition of disability and the criteria for disability pensions.

Increased immigration would strengthen pension finances

In the long run, the declining birth rates cause a strong upward pressure on pension contribution rates. A major increase in immigration or an equivalent reduction in migration, on the other hand, would ease the pressure by several percentage points. The magnitude of the impact depends on the employment outcome of the various groups of […]

News
Äldre kontorsanställd samtalar med yngre .

Age structure at work community affects continued working

A work community that includes both young and old workers encourages workers to stay in working life longer, a study by the Finnish Centre for Pensions shows. The extensive study based on register data examined the effects of interactions between individuals and work communities on continued working.

Earnings-related pension contributions in 2020

The central labour market organisations have agreed on the private-sector earnings-related pension contributions for 2020. 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.

Online course on pensions in English

The online course ”The Finnish Earnings-related Pension System” is intended for persons who work within or with the earnings-related pension system and who need a general overview of the pension system in English.

Press releases
Ihmishahmot rivissä

Women’s monthly earnings 600 euros less than men’s

In 2018, the median monthly earnings of women insured under the earnings-related pension acts were 610 euros less than men’s. The gap was 850 euros in the private sector and 330 euros per month in the public sector. The monthly insured earnings of women were 80 per cent of those of men.

Two pension systems to become one

Private and public pension systems will merge into one pension system. Among other things, the merger will strengthen the sustainability and risk management of the earnings-related pension system and streamline the definition of disability and the criteria for disability pensions.

Increased immigration would strengthen pension finances

In the long run, the declining birth rates cause a strong upward pressure on pension contribution rates. A major increase in immigration or an equivalent reduction in migration, on the other hand, would ease the pressure by several percentage points. The magnitude of the impact depends on the employment outcome of the various groups of […]

Rural and urban retirees equally satisfied with their lives

Retirees in rural areas have a lower income than those in urban areas, but the life satisfaction of both is at an equal level (7/10). Among other things, homeownership increases life satisfaction among rural retirees. This is evident in a recent study made by the Finnish Centre for Pensions that measured also the perceived economic […]

Iäkäs miestyöntekijä sekoittaa maalia.

Three in five self-employed intend to work past retirement age

The self-employed expect to continue working past retirement age clearly more often than employees. The biggest reason for staying on is having enjoyable and inspiring work, but financial reasons come into play as well. Only half of the self-employed feel they are paying enough to provide sufficient pension cover. Some plan to continue working because […]