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Central Figures in Pocket Statistics

Pocket Statistics, published by the Finnish Centre for Pensions, includes central statistical data, time series and info-graphics on pensions. The most recent figures date back to year-end 2017.

Research Conference Addressed Concern for Women’s Pensions

Nearly one hundred experts gathered at the international research conference of the Finnish Centre for Pensions on 18 May 2018 to look for solutions to narrow the gap between men’s and women’s pensions. The solutions to improved pensions for women lie in working lives, wage levels and family policy.

European Commission: European women get 40% lower pensions than men

The largest gender gaps are found on Cyprus and in the Netherlands, where women’s pensions are about half of men’s. The gap is the narrowest in Estonia. Finland is clearly more equal than the average EU countries: women’s pensions are 24 per cent lower than men’s in Finland. The data is from the European Commissions’ […]

Newly self-employed underinsure themselves

Two out of five newly self-employed set their confirmed income from self-employment (YEL income) at the lowest or nearly the lowest possible level. This is nearly twice as many compared to three years ago. Statistics from the Finnish Centre for Pensions shows that every fifth of all self-employed persons set their YEL income at the […]

Gender gap in pensions paid abroad

Female retirees who live abroad get much smaller pensions from Finland than male retirees. For example, male retirees living in Portugal got €4,890 per month on average, while female retirees got €1,750. Women’s lower pensions are partly explained by the fact that many of the women have moved abroad at a young age and have […]

Working for equality

The gender gap in pensions in the EU countries is alarmingly wide, says Italian researcher Francesca Bettio. The attempts to solve this problem come with downsides.

Twice as many partial disability pension retirees in one decade

A growing number of earnings-related disability pensions are partial disability pensions. In 2017, nearly one third of all new retirees on a disability pension got a partial disability pension. A typical retiree on a partial disability pension is a middle-aged woman who works in the public sector.

Average Monthly Pension EUR 1,656

The average monthly pension in 2017 in Finland was 1,656 euros, which is 20 euros more than in 2016. The median pension was 1,434 euros per month, or 30 euros more than in 2016.

News

Central Figures in Pocket Statistics

Pocket Statistics, published by the Finnish Centre for Pensions, includes central statistical data, time series and info-graphics on pensions. The most recent figures date back to year-end 2017.

Research Conference Addressed Concern for Women’s Pensions

Nearly one hundred experts gathered at the international research conference of the Finnish Centre for Pensions on 18 May 2018 to look for solutions to narrow the gap between men’s and women’s pensions. The solutions to improved pensions for women lie in working lives, wage levels and family policy.

European Commission: European women get 40% lower pensions than men

The largest gender gaps are found on Cyprus and in the Netherlands, where women’s pensions are about half of men’s. The gap is the narrowest in Estonia. Finland is clearly more equal than the average EU countries: women’s pensions are 24 per cent lower than men’s in Finland. The data is from the European Commissions’ […]

Gender gap in pensions paid abroad

Female retirees who live abroad get much smaller pensions from Finland than male retirees. For example, male retirees living in Portugal got €4,890 per month on average, while female retirees got €1,750. Women’s lower pensions are partly explained by the fact that many of the women have moved abroad at a young age and have […]

Working for equality

The gender gap in pensions in the EU countries is alarmingly wide, says Italian researcher Francesca Bettio. The attempts to solve this problem come with downsides.

No easy way to bridge gender gap in pensions

The Nordic countries are famous for their gender equality. Nevertheless, women’s pensions lag behind men’s even here. A research conference to be held in May at the Finnish Centre for Pensions in Helsinki seeks for solutions to this problem. Senior Researcher Kati Kuitto tells us not to expect easy solutions.

Kuvituskuva: Isoisä ja lapsenlapsi rakentavat yhdessä

More than €630 billion in pension entitlements in Finland

The pension entitlements of the earnings-related pension system were approximately 632 billion euros at year-end 2015.  Pension entitlements means the amount of money that is enough to pay for the pensions that have already accrued.  Slightly less than one third of the pension entitlements in Finland have been funded in advance, according to Statistics Finland.

Press releases

Newly self-employed underinsure themselves

Two out of five newly self-employed set their confirmed income from self-employment (YEL income) at the lowest or nearly the lowest possible level. This is nearly twice as many compared to three years ago. Statistics from the Finnish Centre for Pensions shows that every fifth of all self-employed persons set their YEL income at the […]

Twice as many partial disability pension retirees in one decade

A growing number of earnings-related disability pensions are partial disability pensions. In 2017, nearly one third of all new retirees on a disability pension got a partial disability pension. A typical retiree on a partial disability pension is a middle-aged woman who works in the public sector.

Average Monthly Pension EUR 1,656

The average monthly pension in 2017 in Finland was 1,656 euros, which is 20 euros more than in 2016. The median pension was 1,434 euros per month, or 30 euros more than in 2016.

Effective retirement age slightly higher in 2017

According to statistics of the Finnish Centre for Pensions, people in Finland retired on an old-age pension at age 61.2 years on average in 2017. This is about one month later than in 2016. The number of new retirees was 75,000 persons, of whom three out of four retired on an old-age pension.

Pension scandal triggers pension reform in Sweden

At least two premium pension funds are suspected of having defrauded Swedish pension savers of more than 100 million euros.  A reform of premium pension acts, set to come into effect in July 2018, helps Swedes retain their trust in the pension system.

Nearly 150,000 Finns took the part-time pension

As a result of the 2017 pension reform, the part-time pension was replaced by the partial old-age pension. A review of the 30 year history of the part-time pension shows that it was particularly popular among white-collar workers. In 2016, every fifth retiree on a part-time pension worked in education.

Melbour Mercer Global Pension Index -logo

Finland in top five in international pension comparison

The Finnish retirement income system ranked 5th in the international Melbourne Mercer Global Pension Index (MMGPI) comparison published today. For the fourth time in a row, Finland topped the integrity and transparency sub-indexes, but the country’s overall ranking fell by one notch.