Life expectancy coefficient confirmed for 2020
The Ministry of Social Affairs and Health has confirmed the life expectancy coefficient for 2020 at 0.95404.
News
Long-term projections in English: Low birth rates complicate future pension financing
The Finnish Centre for Pensions’ long-term projections (LTP) have been published in English. The pension financing outlook is stable for the next few decades. The insurance contribution under the Employees Pensions Act (TyEL contribution) can be kept below 25 per cent of the wages until the 2050s. However, in the long run, the low birth …
Finnish pension system still one of the best in international comparison
The Finnish retirement income system ranked 4th in the international Melbourne Mercer Global Pension Index (MMGPI) comparison published today. The country’s overall ranking fell by one notch. For the sixth time in a row, Finland topped the integrity and transparency sub-indexes.
Earnings-related pension contributions in 2020
The central labour market organisations have agreed on the private-sector earnings-related pension contributions for 2020. The Ministry of Social Affairs and Health will confirm the grounds for the earnings-related pension contribution upon application by the earnings-related pension insurers.
Online course on pensions in English
The online course ”The Finnish Earnings-related Pension System” is intended for persons who work within or with the earnings-related pension system and who need a general overview of the pension system in English.
Social security agreement to be concluded between Finland and Japan
The social security agreement will affect the social security of persons moving between Finland and Japan. It concerns the earnings-related pension system in Finland and the Japanese workers’ pension insurance.
View the recordings from the conference Pension Adequacy in Europe – Today and Tomorrow
The conference Pension Adequacy in Europe – Today and Tomorrow, arranged in Helsinki on Tuesday 17 September 2019, gathered European experts on pension adequacy. A video recording of the conference, the presenters’ slides and three interviews are now available on this website.
International cooperation between authorities matters
The principle of free movement of workers is one of the most important principles of the EU. To guarantee free movement for all while ensuring their social security rights, the cooperation between authorities must be carried out in good spirit. This was established by the seminar of the EU network MoveS that took place in …
International investment return comparison: Difficult investment year caused billions in loss from investments
Most pension investors struggled last year, particularly in the last quarter of the year. The Norwegian Government Pension Fund Global (SPU) suffered the most from the slump in stock prices, losing as much as 6 per cent of its assets. Yet the return of nearly all of the actors included in the comparison improved over …
Register for the MoveS seminar on sincere cooperation in Finland by 2 September
What is the current status of the transnational cooperation between European social security institutions? Where are we heading according to European experts? Register this week and join the MoveS seminar: ”Sincere cooperation – from principle to practice” in Helsinki, Finland on 13 September 2019.