News and Press releases
An exceptionally difficult investment environment and a weak economic outlook create pressure to temporarily raise the earnings-related pension contribution. The pressure will arise long-term if the birth rate remains low in Finland.
The Finnish pension scheme rose in ranking since last year, ending up fourth in the international Melbourne Mercer Global Pension Index (MMGPI) comparison published today. We outranked both Sweden and Switzerland. According to the comparison, our pension scheme tops the list in the sub-indexes of integrity and transparency.
Pension Indicators 2016 is a concise information package on the status and outlook of our pension provision. The key indicators of pension policy have been grouped into three categories: length of working lives, pension levels and pension funding.
A forthcoming study of pension contribution levels (Tiers 1 and 2) in nine European countries shows that the statutory pension contributions in Finland are the second highest in Europe. The overall Finnish pension contributions are on an average European level, however.
The status of immigrants on the labour markets has improved considerably since the 1990s. Yet the differences between the diverse groups of immigrants are large. Female immigrants from the Middle East or Somalia have been employed for the least amount of time. Young male immigrants from Estonia have spent the most time in employment. This […]
The part-time pension has brought relief to many elderly employees in their last years of employment. According to a case study by the Finnish Centre for Pensions, however, it has not extended working lives.
If you have worked or lived abroad, you may be entitled to a pension from another country. The booklet How to Claim Your Pension from Abroad has been updated and includes detailed instructions and contact information that you may need when claiming a pension from abroad.
Improving working conditions contribute considerably to a reduction of socioeconomic inequalities in disability retirement. Particular attention should be paid to preventing workers’ musculoskeletal diseases according to the dissertation of Anu Polvinen, Researcher at the Finnish Centre for Pensions.
A study by the Finnish Centre for Pensions looks for the first time extensively on the amount of time spent on a disability pension. The study covers the entire Finnish working-age population between the years 2005 and 2014.
In 2015, earnings-related pension providers issued a total of 5,570 preliminary rehabilitation decisions in connection with disability pension decisions although the applicants had not applied for rehabilitation. One in five led to rehabilitation.
The growing number of pension recipients and the earnings-related pension reform in 2017 increase the need for knowledge about pension provision. The research programme of the Finnish Centre for Pensions emphasises assessments of the effects of past and future pension reforms and the supporting of decision-making.
Working while studying does not affect the employment of young people after graduation. In general, young graduates attach to the labour markets well. In addition, working while studying does not significantly extend the period of study.
Working conditions may act as a motivator to extend working life or they may increase the fear of an early exit from working life. Blue-collar employees are more prone to continue working if they can influence their own work, while white-collar employees are motivated by the content of their work tasks and training at work.
The disability retirement process leads to smaller socioeconomic differences in mortality compared to those generally found in the population. However, Finnish researchers found differences between manual and non-manual workers in some disease groups. The article is published in the Scandinavian Journal of Public Health.
In the report of the working career group appointed by the government and the labour market organisations, the key pension policy objectives have been presented as follows: It is necessary to secure a sufficient level of earnings-related pension benefits under conditions where future pensions are lowered by the life expectancy coefficient to a greater extent than […]
Although the forthcoming pension reform has received some criticism, both Lasse Laatunen, Director at the Confederation of Finnish Industries, and Jukka Rantala, Managing Director of the Finnish Centre for Pensions, point out that it has many good points. One of the most significant aspects of the reform is that it does justice to the young. […]
An Internet business often begins as a hobby. Gradually the operations grow and become a business. It is exciting to publish one’s own writings or products, and when they are of high quality, advertisers become interested. From the point of view of insurance under the Self-employed Pensions Acts (YEL), Internet entrepreneurship is one form of […]
The education level and age affect the likelihood of a person returning to work after a temporary disability pension, i.e. after receiving a cash rehabilitation benefit. Which illness the person suffers from also makes a difference.
The Finnish Centre for Pensions has assessed the consequences of the proposed 2017 pension reform in relation to the set objectives. The objectives included the development of the retirement age, employment, pension expenditure and contributions, pension assets, average pension and gender and intergenerational effects. The example calculations are now available in English.
The central labour market organisations – the Central Organisation of Finnish Trade Unions (SAK), the Confederation of Finnish Industries (EK), the Local Government Employees (KT), the Finnish Confederation of Professionals STTK – which have negotiated the content of the forthcoming pension reform, have reached an agreement for a proposal for amendments to the earnings-related pension […]
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