News

Atypical employment relationships and employment interruptions are more common among today’s youth in EU countries than among older generations. According to a recent international study, current pension systems do not fully consider these non-continuous and atypical careers.

Sami Salmi (Bachelor of Business Information Technology) has been appointed Head of Information Management at the Finnish Centre for Pensions as of 2 May 2023.

The assets of the Finnish earnings-related pension system shrunk by 16 billion euros in 2022. Investment losses counted for the main part of the loss. Insurance contribution income increased by nearly two billion euros.

In recent years, retirement ages have been raised in Finland and Estonia and many other countries. However, in France, the attempts to raise retirement ages have met opposition. Raising retirement ages and the resulting effects are discussed at the webinar of the Finnish Centre for Pensions on Monday 27 March 2023 at 14.30–16.00 (EEST)/ 13.30–15.00 (CEST). The webinar is in English.

A two-page booklet offering key facts of earnings-related pensions for employees and the self-employed are now available online and printable as pdf files. The figures are in 2023 prices.

Each year, the Finnish Centre for Pensions grants a Pro Gradu Award to a distinguished Master’s thesis. Might your thesis be the next winner of the 2,000 euro award? Apply by 19 March 2023.

The Finnish Centre for Pensions granted a record number of A1 certificates of coverage under Finnish social security in 2022. The volumes returned to the growth trajectory that preceded the corona years.

In 2021, a total of 95,000 persons began their work insured under the earnings-related pension acts for the first time. That was a 25-per-cent increase compared to 2020 and nearly at a pre-corona level. The average monthly earnings of Finnish employees in 2021 was 3,200 euros according to earnings statistics of the Finnish Centre for Pensions

As the A1 certificate may be needed also for short periods of work abroad, the Finnish Centre for Pensions advices employers to apply for it also when sending their employees abroad to work for a short period of time. The underlying reason for this is that working abroad has become increasingly common, which has led to the need to specify the instructions on when to apply for an A1 certificate. For those travelling often, it is worth the while to apply for the A1 certificate for two years at a time.

Are you looking for information on the economic wellbeing of pensioners in Finland? Do you want to know more about how pensions have developed or how large the pension income is relative to wages in Finland? Do you know how well the pension system is known? The Finnish Centre for Pensions has compiled its key research findings on its website in the section “Findings from our research”.