Press releases

Earnings-related pension accrues differently at different ages because earnings generally increase as people get older. On average, a person in their fifties accrues around twice as much earnings-related pension in a year as a 25-year-old. Your pension record shows how much pension you have accrued and helps you understand what your future pension may be. The amount of your pension depends on your earnings and the length of your working life.

Around 90 per cent of people who have claimed a partial old-age pension are satisfied with their choice. The most common reasons for claiming the pension are its financial profitability and the claimants’ uncertainty about their health and remaining life expectancy. In the first large-scale survey of its kind, the Finnish Centre for Pensions examined the experiences of people who had claimed a partial old-age pension.

The financing outlook for earnings-related pensions has improved following Finland’s pension reform. At the same time, the future contribution rate under the Employees Pensions Act (TyEL) has become more uncertain, according to the Finnish Centre for Pensions’ new long-term projections.

Two thirds of Finns oppose cuts to current or future pensions as a way to improve pension funding. Half of respondents to the Finnish Centre for Pensions’ most recent Pension Barometer say they trust the pension system.

Platform workers in Finland have a lower average annual income than people who do not engage in platform work, new research indicates. Platform workers’ income and sources of income also vary more than in the rest of the population. They transition more frequently than others between wage employment, self-employment, studies and unemployment.

Finnish pension investors performed well in the international investment performance comparison for 2025. In the category of investors governed by solvency regulations, the Finns once again took all the top positions, just as they did the previous year.

The average monthly pension for Finns in 2025 was 1,930 euros for women and 2,388 euros for men. Earnings-related pensions and pensions paid by Kela amounted to 39.8 billion euros. These data stem from recent joint statistics of the Finnish Centre for Pensions and Kela.

Saving for retirement has increased among all age groups, but particularly among young adults. According to a recent study by the Finnish Centre for Pensions, nearly half of the 25–34-year-olds reported in 2024 that they have saved for retirement.

The age at which people retire on an earnings-related pension in Finland has increased faster than anticipated. Last year, the average effective retirement age was 63.2 years At the same time, the employment rate among older people continued to improve.

In 2026, there will be some important changes to earnings-related pensions in Finland: new age groups will reach their retirement age, pensions will accrue in the same way for everyone, and pensions can grow for one additional year. Adjustments to indexes and the life expectancy coefficient will also affect pension amounts. On this page, you will find the most significant changes at a glance.