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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 […]

2018 Pro Gradu Award up for grabs

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.

Slightly fewer rejected disability pension applications

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.

EU lippuja

Brexit may affect social security

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.

News
Samsungin älypuhelin kädessä

One Customer Service as of 1 March

We are merging our separate customer services for insurance of work abroad, international pension applications, self-employed persons and pension advice into one multichannel customer service.

Partial old-age pension granted to 12,500 persons in 2017

A typical recipient of a partial old-age pension is a 61-year-old man with an average income from work in the private sector. The average partial old-age pension is an ample 800 euros per month. A review of the first year of this new pension type reveals that almost all applicants applied for a 50% share […]

Research Seminars at the Finnish Centre for Pensions

This spring, we will arrange a research seminar in English on the impact of pension communication and retirees’ income. In addition, we will arrange an international research conference in May on Gender Inequalities in Employment and Pensions.

International conference on Gender Inequalities in Employment and Pensions

One of the keynote speakers at the conference on 18 May 2018 is Prof.  Francesca Bettio, University of Siena. She has a long record of accomplishments working as an expert for the European Commission on matters relating to the female labour market and gender equality. Register for the conference now (the conference venue holds a […]

Master’s Thesis Award

The Finnish Centre for Pensions introduces an annual award for a distinguished Master’s thesis on pensions. The value of the award is €2,000.

Flyer for foreign workers and booklet for applicants of foreign pensions

Are you a foreigner working in Finland, or perhaps an employer who employs foreigners to work in Finland? Our new flyer “Worker from Abroad” will help you learn more about pension insurance in Finland. Or perhaps you are a person who lives in Finland but has worked or lived abroad? When you want to apply […]

Incomes Register under construction in Finland

An Incomes Register is constructed in Finland. It will be launched in 2019. The aim of the register is to ease the administrative burden of employers and to make it easier for citizens to apply for different benefits.

Press releases

Finland near the top in International Comparison

The Finnish pension scheme ranked 6th in the international Melbourne Mercer Global Pension Index (MMGPI) comparison published today. Now in its seventh year, the MMGPI measured 25 pension schemes. The Finnish pension provision was included for the second time in the comparison. Last year, Finland ranked 4th.

Growing Income and Consumption of Retirees

The status of retirees relative to the working-age population has clearly improved in the long run. Their income has grown and they consume more than ever. However, the retirees are not a homogenous group; inequality within the group has increased.

Retirement age will rise as planned

According to the projects made at the Finnish Centre for Pensions, the Government bill on the 2017 pension reform will lead to retirement at a later age and a higher employment rate. As working lives are extended, the pressure to increase the earnings-related pension contributions will be alleviated and the average pensions will rise.

Average Monthly Pension EUR 1,588

The average total monthly pension last year amounted to EUR 1,588. The data is based on preliminary statistics compiled by the Finnish Centre for Pensions and Kela for year-end 2014.

Improved Cooperation Between Rehabilitation Actors

Working lives could be extended by increasing the support of the rehabilitation of people with a partial working capacity. The situation is challenging, however, since the liability for the rehabilitation is divided between numerous actors.

Earnings-related Pension Reform Will Reach Its Goals

According to our projections at the Finnish Centre for Pensions, the 2017 pension reform will extend working lives, defer retirement and raise the average pension of future age cohorts on all educational levels. At the same time, the pressure to raise the earnings-related pension contributions will be reduced.

Clearly Rising Effective Retirement Age

According to statistics of the Finnish Centre for Pensions, the effective retirement age rose significantly in 2014. On average, the Finns retired on an earnings-related pension at age 61.2 years. The equivalent figure in 2013 was 60.9 years.

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.