Pension Reforms

Pension legislation is amended each year. Larger reforms take place more seldom. In Finland, reforms are prepared by the social partners and the State.

Reforms often originate in changes in society. The practical law drafting is initiated by, for example, an agreement between the social partners or an entry in the Government Programme. Smaller amendments may be needed because of changes in legislation that closely relates to pensions.

The most recent extensive pension reform took effect at the beginning of 2017. It continued the path of previous reforms to extend working lives by linking the retirement age to changes in life expectancy.

Government Programme and earnings-related pension reform

The Finnish Government and labour market organisations reflect on measures to reform the Finnish earnings-related pension scheme. The reform and the suggested measures are prepared in two working groups consisting of representatives of the social partners, the Ministry of Social Affairs and Health and the Ministry of Finance. We have compiled data published by the Finnish Centre for Pensions on the themes relating to the pension reform. The website Pension reform preparations 2023–2025 contains information on, for example, the established pension reform working groups.

Pension reform preparations 2023–2025

Finnish Centre for Pensions – Central body of and expert on statutory earnings-related pensions