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Corona crisis and pensions

All over the world, many regular functions have come to a halt because of the corona epidemic. In Finland, the earnings-related pension system quickly became a considerable part of the crisis management package. Although the measures taken will lead to a temporarily reduced contribution income for pension providers, pensions are paid out as usual. Read […]

Mental disorders the most common reason for retirement on a disability pension 

For the first time, mental disorders surpassed musculoskeletal diseases as the main cause for retirement on a disability pension.  Disability pensions granted for mental disorders increased clearly in 2016. Depression has become a particularly common reason for retirement on a disability pension for women who are young or nearing their retirement age.

Posted worker, have you been laid off abroad?

Your A1 certificate continues to be valid if you are laid off for no more than 3 months. If you are laid off until further notice, your A1 certificate will cease to be valid one month at the most from the date that your lay-off begins.

Already 25,000 Finns drawing a partial old-age pension

At year-end 2019, the number of partial old-age pension recipients in Finland was 25,000, which is an increase of 6,000 from the end of 2018. Nearly all take out 50 per cent of their accrued old-age pension. The average monthly partial old-age pension was 800 euros and the median 720 euros, statistics of the Finnish […]

Average monthly pension in Finland 1,716 euros

The average monthly pension of Finns exceeded 1,700 euros for the first time. In real terms, it has risen by nearly 200 euros in one decade. For nearly 40 per cent of the retirees, the monthly pension was less than 1,250 euros. The number of pension recipients increased in all provinces except Uusimaa, where the […]

Posted worker, are you stuck abroad?

If you are a posted worker and living abroad, the Finnish Centre for Pensions urges you to apply for an extension to your A1 certificate if needed. If you have become unemployed, contact Kela.

News

Posted worker, have you been laid off abroad?

Your A1 certificate continues to be valid if you are laid off for no more than 3 months. If you are laid off until further notice, your A1 certificate will cease to be valid one month at the most from the date that your lay-off begins.

Posted worker, are you stuck abroad?

If you are a posted worker and living abroad, the Finnish Centre for Pensions urges you to apply for an extension to your A1 certificate if needed. If you have become unemployed, contact Kela.

Press releases

Corona crisis and pensions

All over the world, many regular functions have come to a halt because of the corona epidemic. In Finland, the earnings-related pension system quickly became a considerable part of the crisis management package. Although the measures taken will lead to a temporarily reduced contribution income for pension providers, pensions are paid out as usual. Read […]

Mental disorders the most common reason for retirement on a disability pension 

For the first time, mental disorders surpassed musculoskeletal diseases as the main cause for retirement on a disability pension.  Disability pensions granted for mental disorders increased clearly in 2016. Depression has become a particularly common reason for retirement on a disability pension for women who are young or nearing their retirement age.

Already 25,000 Finns drawing a partial old-age pension

At year-end 2019, the number of partial old-age pension recipients in Finland was 25,000, which is an increase of 6,000 from the end of 2018. Nearly all take out 50 per cent of their accrued old-age pension. The average monthly partial old-age pension was 800 euros and the median 720 euros, statistics of the Finnish […]

Average monthly pension in Finland 1,716 euros

The average monthly pension of Finns exceeded 1,700 euros for the first time. In real terms, it has risen by nearly 200 euros in one decade. For nearly 40 per cent of the retirees, the monthly pension was less than 1,250 euros. The number of pension recipients increased in all provinces except Uusimaa, where the […]

Effective retirement age risen clearly

According to the statistics of the Finnish Centre for Pensions, people in Finland retired on an old-age pension at age 61.5 years on average in 2019. This is about one month later than in 2018. A total of 44,500 persons retired on an old-age pension. This is 10 per cent less than in 2018.

Birth rate scenarios: Birth rates likely to slightly rise, which would ease the upward pressure on pension contributions

Finland’s low birth rates can partly be explained by women having children at an increasingly higher age. This is evident from a joint study of the Finnish Centre for Pensions, the University of Helsinki and the Max Planck Institute. If the demographers’ fertility rate scenario was realised, the long-term upward pressure on contributions would fall […]

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.