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Justice to the Young through Win-Win-Win Pension Reform

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. […]

Pension Indicators 2014 Published

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 […]

Internet Entrepreneurs Need Pension Insurance When Hobby Becomes Business

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 […]

Consequences of the 2017 Pension Reform Assessed

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.

Education Promotes a Return to Work after Rehabilitation

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.

Proposal for Content of Pension Reform Completed

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 […]

Finland Ranking High in International Pension Comparison

The Finnish pension system came fourth in the international Melbourne Mercer Global Pension Index comparison published today. The Finnish pension system was included in this comparison for the first time. Finland did particularly well in the sub-index of integrity, in which the overall governance of the system and its transparency were assessed.

Pension Financing Not Jeopardized by Weak Employment Outlook

“In 2013, employment fell while the pension expenditure rose relative to the income from work. Pension financing was not jeopardized, however, as pension contributions rose, pension assets increased and the investment returns were positive,” states Mikko Kautto, Director at the Finnish Centre for Pensions.

Agreement with India means savings for companies

Starting this August, it will no longer be necessary for Finnish companies to pay the 24 per cent pension contribution for every Finnish employee posted to India. The social security agreement between Finland and India eliminates the need for double pension insurance. 

Research Exceeding the National Average

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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