News

Retirement on a disability pension has decreased clearly among people aged between 50 and 60 years. This is evident when examining the development by successive age cohorts. A study by the Finnish Centre for Pensions shows that full disability retirement has decreased over a longer period of time. At the same time, retirement on a partial disability pension has also decreased as of the cohorts born in the early 1960s.

Educational expansion has improved labour force participation of over-55-year-olds in the last decades. Particularly women’s education level has increased rapidly. Labour force participation of low-educated people has increased at a lower pace in several Member States of the European Union. This is evident from a fresh research article by the Finnish Centre for Pensions.

The Pro Gradu Award of the Finnish Centre for Pensions has been granted this year to Pellervo Ruponen (MSE). In his master’s thesis Predicting diagnosis classes from medical texts using deep transformer-based models, Ruponen examines the classification of texts in the assessment of disability pension applications.

In Finland and Sweden, the old-age poverty risk varies greatly between men and women because clearly more women than men live alone. A research article by the Finnish Centre for Pensions reviews the gender differences in old-age poverty in 14 EU countries. The differences between the northern and southern countries are surprisingly large.

The Nordic countries are leading the way in introducing flexible pension options. How do those on flexible – often partial – pensions adjust their working patterns before taking a full old-age pension? What are the consequences of the objective of extending working lives?

Welcome to the English language research webinar of the Finnish Centre for Pensions on Monday 22 April 2024 at 2.00–3.15 p.m. (EEST) / 1.00–1.15 p.m. (CEST).

The short booklets “The ABCs of pensions for employees” and “The ABCs of pensions for the self-employed” have been updated. The online and printable two-page booklets provide key facts about earnings-related pensions for employees and the self-employed and are published by the Finnish Centre for Pensions. The figures are in 2024 prices.

The assets of the Finnish earnings-related pension scheme increased by about 13 billion euros in 2023. The growth is due to investment returns. Insurance contribution income increased by more than one billion euros.

According to a recent report by the Finnish Centre for Pensions, the take-home pension will grow for all income levels in 2024. The purchasing power can also be expected to increase after a drop in previous years.

In 2023, a total of 17,700 persons retired from the earnings-related pension system on a disability pension. This was almost as many as in 2022. However, the number of disabled persons in the older population is increasing. This information comes from new statistics released by the Finnish Centre for Pensions.

Agreement was reached at the end of 2023 on the European Union’s (EU) regulation on artificial intelligence (AI). The AI Act is expected to enter into force later this year, once the legislative text has been finalised and the regulation has been formally adopted. What will the AI Act mean in practice?