News and Press releases
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.
Free mobility is one of the basic rights of EU citizens and one of the corner stones of the single market in the EU. However, unrestricted mobility poses various challenges such as abuse of social security.
The pension assets of the earnings-related pension scheme grew in 2015 by 7.4 billion euros, amounting to 180.7 billion euros by year-end. The assets grew thanks to investment returns. For the second year in a row, the expenses of the earnings-related pension system exceeded the premium income.
Freelancers and artist are often customers of companies offering invoicing services. These companies deduct taxes, social security contributions and its own service fees from the payments their customers receive for jobs done. Many customers of invoicing companies thus consider themselves employees rather than self-employed. Earnings-related pension legislation says differently.
In 2015, statutory earnings-related pensions were paid to the amount of 25.3 billion euros. The amount grew by an ample 800 million euros compared to 2014. The largest average pensions paid abroad were paid to Portugal. The pension gender gap is emphasized at both ends of the income spectrum.
Pocket Statistic is published by the Finnish Centre for Pensions. It includes central statistical data, time series and info-graphics on pensions. The most recent figures date back to year-end 2015.
Roughly one third of the Finnish population has saved for retirement. Although nearly 50 per cent of Finns assess their retirement income to be inadequate, saving has not increased in recent years. The reason is simple: people cannot afford to save for retirement.
The Finnish Centre for pensions closes already at 2 p.m. today, Friday 22 April 2016. Our experts are at your service again as of Monday 22 April 2016.
Three out of four new retirees retire on an old-age pension. An ample half of those who have reached the retirement age do not continue working past age 63.
The Finnish healthcare, social welfare and regional government reform threatens to reduce Keva’s insurance portfolio as more than 200,000 employees are likely to become employed by the provinces rather than the municipalities.
The research conducted at the Finnish Centre for Pensions exceeds the national average. In general, the scientific quality of the research is impressive and the research achieves the set goals. The external assessment was commissioned in order to improve operations before the beginning of the next research period.
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