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EU lippuja

Brexit may affect social security

The British MPs rejected Prime Minister Theresa May’s Brexit deal in a vote on 15 January 2019. This does not mean, however, that Britain will exit from the bloc immediately, with no deal. Together with the Ministry of Social Affairs and Health and other authorities, the Finnish Centre for Pensions monitors the situation.

Growing number of working retirees

One in ten 63-67-year-old retirees works.  The number has grown slightly year-on-year. The majority of work done in retirement is irregular and part-time work. The working retirees have, on average, higher earnings-related pensions than others of the same age.

Men aged 42 highest earners in Finland

Employees’ average monthly insured earnings in Finland are just over 2,800 euros. Women’s average earnings are 800 euros less than men’s. Earnings peak between ages 40 and 50.

Comparison of earnings-related pension investors speaks of fluctuating returns

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, […]

Unique comparison of investment returns

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, however, they lag behind. The comparison covers the major Finnish earnings-related pension providers, as well as large investors from northern Europe and North America. Read more about the comparison […]

News
EU lippuja

Brexit may affect social security

The British MPs rejected Prime Minister Theresa May’s Brexit deal in a vote on 15 January 2019. This does not mean, however, that Britain will exit from the bloc immediately, with no deal. Together with the Ministry of Social Affairs and Health and other authorities, the Finnish Centre for Pensions monitors the situation.

Growing number of working retirees

One in ten 63-67-year-old retirees works.  The number has grown slightly year-on-year. The majority of work done in retirement is irregular and part-time work. The working retirees have, on average, higher earnings-related pensions than others of the same age.

Gender gap in pensions persist in spite of extended working lives

The working lives of men and women are almost equally long, but women still get lower old-age pensions than men. The problem lies in women’s lower wages and their work history. Extending working lives alone will not fix the gender gap in pensions, researchers at the Finnish Centre for Pensions argue. 

Changes in our Customer Services

Our Customer Service answers your questions on pensions from abroad, insuring work abroad and taking out pension insurance, as well as general questions on earnings-related pensions, at one phone number. At the same time, our eService has expanded, and you can also contact us via Suomi.fi Messages.

Pension indicators in concise package

Pension Indicators offers a concise information package on the status and outlook of earnings-related pensions in Finland. This annually updated report has been compiled for the decision-makers and all interested in the outlook of pensions.

Unemployment still a major risk for elderly workforce

Although more than half of the Finnish and Dutch population who work in their mid-fifties manage to reach their retirement age, there are many trajectories out of the labour market. Reforms in the 2000s have contributed to longer working lives in both countries, but elderly women and low-educated workers continue to run a greater risk […]

Press releases

Men aged 42 highest earners in Finland

Employees’ average monthly insured earnings in Finland are just over 2,800 euros. Women’s average earnings are 800 euros less than men’s. Earnings peak between ages 40 and 50.

Comparison of earnings-related pension investors speaks of fluctuating returns

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, […]

Unique comparison of investment returns

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, however, they lag behind. The comparison covers the major Finnish earnings-related pension providers, as well as large investors from northern Europe and North America. Read more about the comparison […]

Finland breaks into top three world’s best pension systems

The Finnish pension system is the third best in the world, according to the Mercer Global Pension Index out today. This is the first time Finland has been ranked among the world’s top three pension systems, and the fifth time that the Finnish system’s integrity rating is the highest in the world.

Partial old-age pension continues to be popular

The Finnish Centre for Pensions projects that 10,000 new partial old-age pensions will be paid out in 2018. In practice, every tenth person who has turned 61 years will take out this pension early. The majority of those who have drawn the pension are middle-income men who continue working while drawing half of their earned […]

Flexible pension reforms inefficient

Most of Eu­ro­pe’s flexible pen­sion so­lu­tions have failed, argued Prof. Börsch-Su­pan at a research seminar at the Finnish Centre for Pensions in early September. Alt­hough the pen­sion re­forms car­ried out in nine OECD count­ries have rai­sed the emplo­y­ment rates of 55–64-year-olds, the num­ber of wor­king hours has gone down or stayed at the same level […]

Pension rights to one million for degree studies

Graduates this spring have taken the total number of people who have accrued pension rights for degree studies in Finland to more than one million. Pension has been accrued for studies leading to a degree since 2005. However the greatest benefit in terms of building up the pension pot comes through job opportunities.

New old-age pensions clearly higher than old ones

Earnings-related pension payments in 2017 came to 27 billion euros, one billion more than in 2016. The increase is explained by the growing number of pensioners and the size of new old-age pensions. The average pension of new old-age pensioners was almost 1,800 euros, with the mean around 1,600 euros.