Pension Statistics – key pension figures in a nutshell
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 2020.
News
Every fourth retiree on an old-age pension is a baby boomer
A total of 1.3 million persons draw an old-age pension. One in four of them are baby boomers. In 2020, around 42,000 persons retired on an old-age pension, down by five per cent compared to 2019. Earnings-related pensions were paid to an amount of nearly 30 billion euros.
Pro Gradu Award to Jonathan Strömberg
Each year, the Finnish Centre for Pensions grants a Pro Gradu Award to a distinguished master’s thesis. This year the award goes to Jonathan Strömberg from the University of Oulu. His thesis examines the financial sustainability of the Finnish occupational pension system, comparing the Finnish, Dutch and Danish pension systems.
Renewed application service for A1 certificates
The application service for A1 certificates for employees, employers, sailors and flight crew members has been renewed. As a result, the applicant may receive the A1 certificate within one hour from submitting the application and with fewer clicks than before. The application service for A1 certificates is renewed as of Monday 10 May 2021. The …
Research webinar: Inequalities in pensions and retirement – Life courses and pension systems in comparative perspective
Are pensions enough to cover income in retirement, particularly if one cannot work until the statutory retirement age? Will caregiving towards the end of one’s career affect continued working? How do family biographies affect income in retirement? The Finnish Centre for Pensions’ research webinar on 10 May presents the hot-off-the-print Social Policy & Administration Special Issue …
Study: Health shocks affect couples’ working lives
Among opposite-sex couples, the significance of the female’s employment for the couple’s income increases if the male spouse falls seriously ill. A new study shows that highly educated women are better equipped to support the couple financially than women with a basic or average-level education.
Extending working lives and healthy ageing – What role for flexible retirement?
Different forms of flexible retirement are gaining popularity around the world. One potential group of beneficiaries are older workers with difficulties in reaching their full retirement age due to poor health. The upcoming ETK research webinar on Monday 19 April presents new research on the relation between health, ageing and flexible retirement in Finland and abroad.
Partial disability pensions most frequent among municipal sector employees
Municipal sector employees retire on a partial disability pension three times more often than private sector employees. Research shows that the partial disability pension is also more frequently taken out by women.
Pension assets show strong growth despite corona crisis
The Finnish earnings-related pension system survived the corona year 2020 unscathed. Pension assets increased by seven billion euros, reaching 225 billion euros at year’s end. This growth was mainly driven by robust return on investments later in the year.
Going to work in the UK? There’s a host of new rules about working abroad
The EU and the UK have signed a new Trade and Cooperation Agreement that took effect from the beginning of this year. The new rules are applied to people going to work in the UK after 1 January 2021. Read our answers to some of the most frequently asked questions by people heading to the UK.