News

In recent decades, pension reforms have been driven globally by population ageing, economic crises and transforming working lives. The goal has been to secure pension systems’ financial sustainability and pension adequacy. This new report of the Finnish Centre for Pensions presents the key trends in paradigmatic pension reforms from an international comparative perspective.

The Finnish Centre for Pensions has released a report examining the implications of the earnings-related pension reform agreed at the beginning of 2025. The reform particularly amends the investment and financing regulations of the pension scheme under the Employees Pensions Act (TyEL). The report assesses the impact of the reform using a variety of calculation methods. For the first time, the Finnish Centre for Pensions is publishing calculations based on stochastic population forecasts, as well as institution-specific projections.

In 2026, earnings-related pension contributions will change: in the future, all employees will pay the same amount in pension contribution, regardless of age.

The Ministry for Social Affair and Health in Finland has confirmed the life expectancy coefficient for 2026. The coefficient will cut starting pensions by nearly 5.4 per cent – more than in 2024. The pension amount is multiplied by the life expectancy coefficient at the start of retirement, that is, when the pension is granted.

Are you doing research on pensions and retirement? We offer you a chance to present your work at the second ETK Pension Research Forum webinar to a broad and international audience of pension experts, academics, stakeholders and policymakers.

Representatives from the liaison bodies of Finland and Poland met in Warsaw from 24 to 26 September 2025. The purpose of the meeting was to discuss the coordination of social security and to further develop cooperation between the two countries.

Traditionally, cooperation between EU member states on pension matters has been cautious and limited. However, this has changed lately. In recent decades, EU pension policy has gained fresh momentum, and the Commission has taken a more active role in pension affairs. The Commission’s latest initiative is the Savings and Investment Union, which includes a strategy to increase the provision of supplementary pensions across Europe.

The Finnish Centre for Pensions’ Pro Gradu Award has been given to Noora Lähteenmäki, who holds a Master’s degree in Social Sciences. Her Master’s thesis examines the process of rehabilitation under the earnings-related pension scheme and the roles of different actors within the process. The Finnish Centre for Pensions annually awards an outstanding Master’s thesis on a pension-related topic.

In 2024, 31,000 partial old-age pensions started. Partial old-age pensions are used both to ease the financial situation and to reduce the workload.

The Finnish Centre for Pensions (ETK) has published new guidelines on Finnish social insurance contributions in several languages. A new addition are the guidelines in Spanish.