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Improved Työeläke.fi launched!

The content and structure of the joint website of the earnings-related pension field, Työeläke.fi, has been remodelled and improved to help people find the information they need about earnings-related pensions. The new website is also clearer and easier to use – on all devices. It offers basic information on earnings-related pensions and includes examples, calculators and videos […]

Average insured income from self-employment €23,000

More than one of three newly self-employed workers set their confirmed income that forms the basis for their pension  at or near the minimum level in 2016. The share has grown by 13 percentage points in two years, according to statistics from the Finnish Centre for Pensions.

Pensions small in Russia

Most retirees in Russia have to work since their pensions are too small for them to get by on. The faith in the pension system has crumbled among the young. A study shows that up to 76% of 18-49-year-olds believe that they cannot afford to stop working.

Average monthly pension €1,632

The average monthly total pension in 2016 was 1,632 euros. Women’s pensions averaged 79 per cent of men’s. The highest pensions were paid in Uusimaa (€1,942) and the lowest in Southern Ostrobothnia (€1,403).

Heli Backman appointed director at the Finnish Centre for Pensions

On 22 March 2017, the Board of Directors at the Finnish Centre for Pensions has elected Heli Backman (LL.M.) as director as of 1 January 2018. Backman will begin working at the Finnish Centre for Pensions in mid-August 2017. Her predecessor, Riitta Korpiluoma, will work as the director of the legal line until the end of 2017.  After […]

Two weeks at the core of pensions

It’s worth coming to work at the Finnish Centre for Pensions from further away. Jan Helmdag from Greifswald, Germany, arrived for a two-week research period at the end of February. 

News

Pension for More Than 750,000 Degrees

For ten years, pension has accrued for studies leading to a degree. By the end of 2013, pension had accrued for more than 750,000 degrees. Earnings-related pension accrues as if the student was working and earning a monthly wage of EUR 714.

Efficient and High-Quality Statistics from the Finnish Centre for Pensions

The strengths of the statistical production at the Finnish Centre for Pensions are efficient processes, high quality, strong information security and a functioning customer service. Areas of improvement include, among others, the publication practices. The external evaluation was commissioned to support the ongoing development work at the Finnish Centre for Pensions.

EUR 28.1 Billion in Pensions in 2014

The most recent edition of The Statistical Yearbook of Finland shows that a total of EUR 28.1 billion was paid in pensions in 2014. This accounts for 43% of the social expenditure and 14% relative to GDP. The statistics offers comprehensive information on all pension recipients and new retirees within the earnings-related and the national […]

Life Expectancy Coefficient Confirmed for 2016

The life expectancy coefficient, confirmed by the Ministry of Social Affairs and Health, will be 0.96800 in 2016. The coefficient will reduce the old-age pensions under the earnings-related pension acts by 3.2 per cent for people born in 1954 whose pensions will start in 2016 or later.

2016 Pension Provision Index Adjustments

The Ministry of Social Affairs and Health has confirmed the indexes for earnings-related pension provision for the year 2016. The wage coefficient will rise by 0.73 per cent from the 2015 level. The earnings-related pension index will remain on the 2015 level, so there will be no changes to the earnings-related pensions in payment next […]

Gender Gaps in Pensions Vary Greatly Within the EU

The largest gender gap in pensions are to be found in the Netherlands, where the difference between male and female pensions is almost 50 per cent.  The gender imbalance is the smallest in Estonia. Finland is in the middle category compared to other Member States.

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