News and Press releases
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 […]
Our updated booklets help you understand social insurance and earnings-related pensions in Finland and instructs you on how to apply for your earnings-related pension.
If you have worked or lived abroad, you may be entitled to a pension from that country. The booklet “How to Claim Your Pension from Abroad” guides you when you want to apply for your foreign pension.
Etk.fi will be temporarily out of use for approximately half an hour on Wednesday the 20th of February from 1 p.m. We are sorry for the inconvenience.
Workers going abroad to work can remain covered by the social security laws and benefits of their home country and avoid extra fees in the country in which they work. They need an A1 certificate for this.
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.
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 […]
Each year, the Finnish Centre for Pensions grants a Pro Gradu Award of €2,000 to a quality Master’s thesis accepted at a Finnish university in the previous calendar year.
Many of your questions can be solved easily and smoothly online. Our Customer Service serves you online through several different channels.
According to statistics of the Finnish Centre for Pensions, the number of new disability pension decisions grew considerably in 2018. At the same time, the share of rejected disability pension applications dropped for the first time in a decade.
The central labour market organisations have agreed on the private-sector earnings-related pension contributions for 2019. The average contribution will be 24.4 per cent of the gross monthly wage.
The working lives of men and women are almost equally long, but women still get lower old-age pensions than men. The problem lies in women’s lower wages and their work history. Extending working lives alone will not fix the gender gap in pensions, researchers at the Finnish Centre for Pensions argue.
Our Customer Service answers your questions on pensions from abroad, insuring work abroad and taking out pension insurance, as well as general questions on earnings-related pensions, at one phone number. At the same time, our eService has expanded, and you can also contact us via Suomi.fi Messages.
Pension Indicators offers a concise information package on the status and outlook of earnings-related pensions in Finland. This annually updated report has been compiled for the decision-makers and all interested in the outlook of pensions.
Although more than half of the Finnish and Dutch population who work in their mid-fifties manage to reach their retirement age, there are many trajectories out of the labour market. Reforms in the 2000s have contributed to longer working lives in both countries, but elderly women and low-educated workers continue to run a greater risk […]
Many countries have tried to raise employment rates and extend the working lives of elderly workers with different flexible retirement options. Axel Börsch-Supan argues that the solutions have failed.
The Finnish Centre for Pensions supervises that the self-employed meet their insurance obligation under the Self-employed Persons’ Pensions Act. If the value of the work input of the self-employed person exceeds the limit set in the Self-employed Persons’ Pensions Act (€7,645.25 in 2017), the self-employed has to take out pension insurance under the Act.
When the working aged retire, their perception of their income weakens. When the unemployed retire, their perception of their income improves. Pensioners who live in countries with a high standard of living experience lower levels of income sufficiency.
Women’s pensions are nearly 40% lower than men’s in Europe. Experts at the international research conference at the Finnish Centre for Pensions on 18 May looked for solutions to this problem.
Pocket Statistics, published by the Finnish Centre for Pensions, includes central statistical data, time series and info-graphics on pensions. The most recent figures date back to year-end 2017.
The majority of 54-62-year-olds know that you get a higher pension if you work longer. Yet only half of them can estimate how much pension they will get. Even fewer know how the life expectancy coefficient will reduce their pension.
According to statistics of the Finnish Centre for Pensions, people in Finland retired on an old-age pension at age 61.2 years on average in 2017. This is about one month later than in 2016. The number of new retirees was 75,000 persons, of whom three out of four retired on an old-age pension.
At least two premium pension funds are suspected of having defrauded Swedish pension savers of more than 100 million euros. A reform of premium pension acts, set to come into effect in July 2018, helps Swedes retain their trust in the pension system.
According to a recent study, unemployment multiplies the risk of early retirement. Women run a greater risk than men.
As a result of the 2017 pension reform, the part-time pension was replaced by the partial old-age pension. A review of the 30 year history of the part-time pension shows that it was particularly popular among white-collar workers. In 2016, every fifth retiree on a part-time pension worked in education.
The Finnish retirement income system ranked 5th in the international Melbourne Mercer Global Pension Index (MMGPI) comparison published today. For the fourth time in a row, Finland topped the integrity and transparency sub-indexes, but the country’s overall ranking fell by one notch.
Finns are more increasingly interested in working in retirement. As many as every third person aged between 54 and 62 years considers working after they have retired. In particular, the self-employed, the highly educated and those who are worried about their retirement income are interested in working while drawing a pension.
By the end of July, about 9,400 persons had applied for a partial old-age pension. The majority are men working in the private sector. Nearly all take out 50 % of their old-age pension early. The average partial old-age pension is 830 euros per month.
The average disability pension of under-45-year-olds was 905 euros in 2016. A recent study by the Finnish Centre for Pensions reveals that two thirds of the young disability pensioners got only a national pension.
A stagnated growth in wages would, in the long run, increase the pressure to raise the pension contribution amount by 4 percentage points. In addition, it would increase the distress of public finances. Full employment would raise future earnings-related pensions, ease their financing and remove the sustainability gap. The new scenario calculations illustrate the impacts […]