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Research seminar in May: German pension reforms in a changing society

The generous German pension reforms have raised extensive discussions about the sustainability of the country’s pension system. Researcher Dina Frommert from Deutsche Rentenversicherung Bund explains the content of the recent reforms and the results of the life cycle research at our research seminar on 23 May.

Depression leads increasingly more often to disability

In 2018, nearly 1,300 persons retired on an earnings-related disability pension (up by 7% since 2017). The growth was evident in particular in the number of granted disability pensions due to depression. Two out of three new retirees on a disability pension due to depression were women. Three out of five of them were aged […]

Average monthly pension 1,680 euros

The monthly pension of more than half of the pensioners is below 1,500 euros. Seven per cent get a monthly pension that is higher than 3,000 euros. One in three over-16-year-old in Finland is a pensioner.

Updated pension calculator takes earnings growth into account

The updated pension calculator takes into account the general growth in earnings in Finland, that is, the change in the average earnings of wage earners. Taking into account the growth in earnings makes the result more realistic. The pension calculator is available at Työeläke.fi, a website for the general public.

Low birth rates complicate future pension financing

The pension financing outlook is stable for the next few decades. The insurance contribution under the Employees Pensions Act (TyEL contribution) can be kept below 25 per cent of the wages until the 2050s. However, in the long run, the low birth rates will cause a pronounced pressure to raise the contribution rate. The required […]

News

Research seminar in May: German pension reforms in a changing society

The generous German pension reforms have raised extensive discussions about the sustainability of the country’s pension system. Researcher Dina Frommert from Deutsche Rentenversicherung Bund explains the content of the recent reforms and the results of the life cycle research at our research seminar on 23 May.

Updated pension calculator takes earnings growth into account

The updated pension calculator takes into account the general growth in earnings in Finland, that is, the change in the average earnings of wage earners. Taking into account the growth in earnings makes the result more realistic. The pension calculator is available at Työeläke.fi, a website for the general public.

2018 Pro Gradu Award up for grabs

Each year, the Finnish Centre for Pensions grants a Pro Gradu Award of €2,000 to a quality Master’s thesis accepted at a Finnish university in the previous calendar year.

Press releases

Depression leads increasingly more often to disability

In 2018, nearly 1,300 persons retired on an earnings-related disability pension (up by 7% since 2017). The growth was evident in particular in the number of granted disability pensions due to depression. Two out of three new retirees on a disability pension due to depression were women. Three out of five of them were aged […]

Average monthly pension 1,680 euros

The monthly pension of more than half of the pensioners is below 1,500 euros. Seven per cent get a monthly pension that is higher than 3,000 euros. One in three over-16-year-old in Finland is a pensioner.

Low birth rates complicate future pension financing

The pension financing outlook is stable for the next few decades. The insurance contribution under the Employees Pensions Act (TyEL contribution) can be kept below 25 per cent of the wages until the 2050s. However, in the long run, the low birth rates will cause a pronounced pressure to raise the contribution rate. The required […]

Every tenth 61-year old chose the partial old-age pension

During its first two years, 23,000 persons (10,300 in 2018) chose to take payment of the partial old-pension. Nearly 90 per cent selected to take out the maximum amount, or half of their earned pension pot. On average, they were paid 790 euros per month. Recent statistics of the Finnish Centre for Pensions reveals that […]

Sharing economy and insurance

The sharing economy poses a challenge in terms of pension insurance: when is a person working on digital platforms a self-employed person and when an employee?  A new website, soon available also in English, offers information on the statutory obligations relating to sharing economy.

Age at retirement continues to rise

The average age of retirement on an earnings-related pension in Finland edged up to 61.3 years in 2018, according to statistics from the Finnish Centre for Pensions. New retirees were one month older than the year before. Overall the number of new retirees on an old-age pension was considerably down from the previous year as […]