News and Press releases
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 […]
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.
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.
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 […]
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 2018.
The population is ageing in all EU countries. What kind of pensions can you expect to get in Europe? Are the schemes sustainable, both financially and socially? What is the European response to the related challenges?
In our seminar in June, we will take a closer look at the effects of pension reforms. What carrots and sticks have deferred retirement in Finland and the United Kingdom? Which solutions have proved inefficient? The speakers include, among others, Ricky Kanabar (University of Bath).
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 […]
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.
As of the end of March, Estonia has granted only online A1 certificates for workers posted from Estonia to other EU countries. These certificates are different from the previous ones in that they lack the signature and stamp of the granting institution.
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.
As of April, the conditions for getting Kela benefits will change for persons coming to work in Finland or going abroad from Finland to work in another country. The change in law also affects posted employees and self-employed persons who go abroad to work in a third country.
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.
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 British MPs rejected Prime Minister Theresa May’s Brexit deal in a vote on 15 January 2019. This does not mean, however, that Britain will exit from the bloc immediately, with no deal. Together with the Ministry of Social Affairs and Health and other authorities, the Finnish Centre for Pensions monitors the situation.
One in ten 63-67-year-old retirees works. The number has grown slightly year-on-year. The majority of work done in retirement is irregular and part-time work. The working retirees have, on average, higher earnings-related pensions than others of the same age.
Some of the pensioners reveal that they have had to cut down on necessities such as medication and health care. Approximately half of the pensioners struggle to some degree to cover regular expenses. On the other hand, half of the pensioners are fairly content with their income level.
According to a recent questionnaire survey, pensioners trust the pension system the most while the self-employed trust it the least. Finnish citizens know more about pensions now than before.
Two out of five newly self-employed set their confirmed income from self-employment (YEL income) at the lowest or nearly the lowest possible level. This is nearly twice as many compared to three years ago. Statistics from the Finnish Centre for Pensions shows that every fifth of all self-employed persons set their YEL income at the […]
Machine learning has been tested at the Finnish Centre for Pensions with encouraging results. Artificial intelligence (AI) managed to identify four out of five retirees on a disability pension already two years before they retired on a disability pension.
A growing number of earnings-related disability pensions are partial disability pensions. In 2017, nearly one third of all new retirees on a disability pension got a partial disability pension. A typical retiree on a partial disability pension is a middle-aged woman who works in the public sector.
The average monthly pension in 2017 in Finland was 1,656 euros, which is 20 euros more than in 2016. The median pension was 1,434 euros per month, or 30 euros more than in 2016.
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.