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Indicators of social security and growing workforce mobility

The adequacy of pensions gains in importance for the economic well-being of an ever-growing share of ageing Europeans. One of the keynote speakers, Rudi Van Dam (Chair of ISG), points out that the social security indicators have to be improved and made more multi-dimensional. The job is not easy, because the indicators are a politically […]

View the visualised money flows of earnings-related pensions

The pension assets of the earnings-related pension scheme decreased in 2018 by 6.1 billion euros, amounting to 196 billion euros at year-end. The last time the pension assets decreased was in 2011, as a result of the euro crisis. Examine the money flows with the visualisation of the earnings-related pension money flows.

Pro gradu -palkinnon voittanut Natalia Edelmann pitää kunniakirjaa kädessään puutarhassa.

Pro Gradu Award to Natalia Edelmann

Each year, the Finnish Centre for Pensions grants a Pro Gradu Award to a distinguished Master’s thesis. This year, the award was granted to a thesis from the Tampere University on rehabilitation within the earnings-related pension system. The author of the winning thesis, Natalia Edelmann, has a clear vision: she wants to prevent discontinued rehabilitations.

What do we expect of social security?

One of the most distinguished experts on social indicators, Rudi Van Dam (Chair of the Indicators Subgroup ISG) is one of the keynote speakers at Pension Adequacy in Europe – Today and Tomorrow. The conference, a side event of Finland’s EU presidency, is organised in Helsinki on 17 September 2019 by the Finnish Centre for […]

Naismyyjä seisoo kahvilan tiskin takana.

Number of underinsured self-employed persons continues to grow

207 000 self-employed persons were insured under the Self-employed Persons’ Pensions Act in 2018. Every fourth of them set their confirmed income, which forms the basis of their future pension and other social insurance, at or near the minimum requirement. Of the newly self-employed, two out of five underinsured themselves, statistics of the Finnish Centre […]

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.

News
Naismyyjä seisoo kahvilan tiskin takana.

Number of underinsured self-employed persons continues to grow

207 000 self-employed persons were insured under the Self-employed Persons’ Pensions Act in 2018. Every fourth of them set their confirmed income, which forms the basis of their future pension and other social insurance, at or near the minimum requirement. Of the newly self-employed, two out of five underinsured themselves, statistics of the Finnish Centre […]

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.

Press releases

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 […]

Men aged 42 highest earners in Finland

Employees’ average monthly insured earnings in Finland are just over 2,800 euros. Women’s average earnings are 800 euros less than men’s. Earnings peak between ages 40 and 50.

Comparison of earnings-related pension investors speaks of fluctuating returns

The exceptional investment strategy of the Danish ATP pension fund proved to be the most successful over the 10-year review period, despite the low returns in recent years. An international comparison of investment returns shows that, in recent years, the returns of the Finnish earnings-related pension insurance companies have been favourable. In the long run, […]

Unique comparison of investment returns

An international comparison of investment returns shows that, in recent years, the returns of the Finnish earnings-related pension insurance companies have been favourable. In the long run, however, they lag behind. The comparison covers the major Finnish earnings-related pension providers, as well as large investors from northern Europe and North America. Read more about the comparison […]

Finland breaks into top three world’s best pension systems

The Finnish pension system is the third best in the world, according to the Mercer Global Pension Index out today. This is the first time Finland has been ranked among the world’s top three pension systems, and the fifth time that the Finnish system’s integrity rating is the highest in the world.

Partial old-age pension continues to be popular

The Finnish Centre for Pensions projects that 10,000 new partial old-age pensions will be paid out in 2018. In practice, every tenth person who has turned 61 years will take out this pension early. The majority of those who have drawn the pension are middle-income men who continue working while drawing half of their earned […]